Insights

 

FX Daily
May 05, 2016 Posted by
Dollar strength continues for the second day ahead of tomorrow’s US jobs report (NFP F +200K).
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FX Daily
May 04, 2016 Posted by
Hawkish comments from Fed officials suggesting a live meeting in June and a technical rebound for the USD (DXY +1.5%) saw a massive reversal across the FX universe in the last 24 hours
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FX Daily
May 03, 2016 Posted by
Major markets return in risk off mode as global equities are down 1-2% and bond yields (i.e. 10yrs US treasuries) shed 7bps to 1.79%.
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FX Daily; Asia
May 02, 2016 Posted by

Overview

  • Given the overall weakness in USD, PBOC set the onshore CNY fixing rate at 6.4589 against the USD last Friday, up 365 basis points from Thursday.1 It was the biggest upward move since 2005. 
  • USD dropped to its lowest level in 18 months against the JPY after the Bank of Japan’s decision to refrain from further easing disappointed markets.2
  • China’s Manufacturing Purchasing Manager index (PMI) at 50.1 in April, Vs estimate of 50.3 and 50.2 in March.3
  • The State Administration of Foreign Exchange (SAFE) said on Friday that it will allow banks to issue more FX-related FX products for hedging purpose, and hold bigger short-USD positions at the end of day. 
  • USD/CNH exchange rate has been range-bound.
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Analytics; Technology; Venture Capital; U.S.
May 02, 2016 Posted by
As startup valuations soared over the last five years, the sources of capital funding these companies changed. The type of investor who fueled the unicorns’ rich valuations and mega-rounds included multibillion-dollar firms such as Tiger Global and Fidelity Investments. With abundant cash, capital costs near all-time lows and fewer attractive opportunities in the public market, mutual funds and hedge funds turned their attention to the private market.
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FX Daily
May 02, 2016 Posted by
It has been a quiet start to the week given holidays in major centers (UK, China, HK, Singapore) and Japan starts a three day break starting tomorrow.
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FX Daily
April 29, 2016 Posted by
USD weakness persisted as the dollar index drifted to a 6 month low (DXY -0.6% intraday).
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