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ECB's Draghi Seeks Prudence On Gradual Withdrawal Of Stimulus

The European Central Bank will need to be prudent in withdrawing monetary stimulus as that can be done only gradually with the euro area still in need of considerable policy support to bring inflation back to target in a sustainable way, ECB President…

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(27 JUNE 2017)DAILY MARKET BRIEF 2:EUR/USD may bounce higher in short-term

oday, no less than four Fed members will provide their views on monetary policy including Janet Yellen whose speech is tonight in London is expected to be on global economic issues. Financial markets will try and grab some hints regarding the Fed’s pat…

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(27 JUNE 2017)DAILY MARKET BRIEF 1:USD/CAD sell-off stabilises despite lacklustre US data

After falling more than 4% over the last seven weeks, USD/CAD has been stabilising at around 1.3250. This sharp appreciation of the loonie was quite surprising, especially against the backdrop of falling oil prices. Indeed, WTI futures for delivering i…

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