View:
April 19, 2024
Mexico Elections: Sheimbaum Victory will likely mean a continuity of Current Government
April 19, 2024 9:23 PM UTC
On June 2, Mexico will see historic general elections, marking the potential for its first female President. Claudia Sheinbaum of Morena and Xóchitl Galvés of PAN-PRI lead the race. Sheinbaum aims to continue Lopez-Obrador's legacy, while Galvés emphasizes social mobility. The polls show Sheimbau
FX Weekly Strategy: April 22nd-26th
April 19, 2024 3:20 PM UTC
US yields could edge lower ahead of the FOMC on May 1
EUR/USD upside still looks limited given current spreads
More evidence of recovery in PMI data could trigger some modest USD losses
AUD to focus on CPI with RBA stance in the balance
JPY downside may be restricted by BoJ, but lower US yields needed t
Recent Polls in South Africa: ANC’s Popularity Continues to Decline
April 19, 2024 1:14 PM UTC
Bottom line: We continue to foresee two possible outcomes of South African presidential elections on May 29, either an African National Congress (ANC) win or a coalition government. According to recent polls, ANC is at the serious risk of losing its majority dipping below 50%, even as low as 37% acc
Preview: Due April 30 - U.S. Q1 Employment Cost Index - Trend slowing, but still quite firm
April 19, 2024 1:08 PM UTC
We look for the Q1 employment cost index (ECI) to increase by 0.9%, matching the Q4 increase that was the slowest since Q1 2021. Yr/yr growth will continue to slow, to 3.9% from 4.2%, reaching its slowest since Q3 2021, but will remain well above the pre-pandemic trend.
Services Surplus and Decreasing Trade Deficit Partly Heal Turkish Current Account Deficit
April 19, 2024 12:18 PM UTC
Bottom Line: Turkiye’s annualized current account deficits (CAD) stood at $31.8 billion as of February 2024 when compared to $37.6 billion a month earlier, driven by a marginal increase in the services surplus, a reduction in the gold trade deficit, and a recovery in net energy trade. We envisage
European Summary and Highlights 19 Apr
April 19, 2024 11:45 AM UTC
A quiet European morning session saw a modest risk recovery, with the riskier currencies all edging higher against the USD, JPY and CHF. EUR/JPY gained around half a figure to 164.70, based on EUR/USD and USD/JPY both rising around 20 pips to 1.0660 and 154.50 respectively.
Asia Open - Overnight Highlights
April 19, 2024 12:00 AM UTC
EMERGING ASIA
EM currencies perform individually against the USD as the greenback retraced earlier losses on strong manufacturing index. SGD saw the largest losses of 0.12%, followed by CNH 0.08%, HKD, PHP and INR 0.01%; while the biggest winner is KRW by 1.00%, TWD 0.34%, IDR 0.28%, MYR 0.16% and TH