Consolidation holds with firm support – Scotiabank

Consolidation holds with firm support – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Canadian Dollar is modestly firmer against a softer Dollar, supported by narrower 1-year swap spreads and resilient risk appetite despite lower Oil. USD/CAD remains well above an estimated fair value near 1.3375, with analysts judging downside CAD risk limited and technicals pointing to firm support […]

Volatility, Hormuz risks and countdown clock – Rabobank

Volatility, Hormuz risks and countdown clock – Rabobank

Rabobank strategists Molly Schwartz and Michael Every highlight extreme volatility in Brent, which spiked towards $120 before closing below $90, driven by Saudi supply disruptions, G7 stockpile plans and US policy options. They report stresses that prolonged closure of the Strait of Hormuz could rapidly deplete global Oil inventories and reshape currency pricing of Oil […]

China’s Trade Balance: Surplus widens in January-February as Exports surge

China’s Trade Balance: Surplus widens in January-February as Exports surge

China’s Trade Balance for January-February, in Chinese Yuan (CNY) terms, arrived at CNY1.5 trillion, widening from the previous figure of CNY808.80 billion. Exports climbed 19.2% YoY in January-February vs. 5.2% in December. The country’s imports rose 17.10% YoY in the same period vs. 4.4% recorded previously. In US Dollar (USD) terms, China’s Trade Surplus expanded more than expected […]