Asia’s trade balance resilient despite persistent contraction in exports
Trade recession continues in Asia and has varying effects on the regions trade balance. Despite the persistent contraction in exports, the broadly expected deterioration in Asian countries trade balance has not occurred....
Fundamentals to watch out for this week
This week is quite risk heavy with lots of economic data from both developed economies as well as Asian giant like China.
What to watch for over the coming days:
U.S. economic data:
Lot many economic dockets...
Fed Hike Aftermath Series
Fed Hike Aftermath Series: Dollar and rate hike odds rise after Jackson Hole
After many of the FOMC policymakers indicated that a rate hike is more imminent than the market is pricing in the Jackson Hole symposium, the rate hike odds for September rose and the dollar staged a recovery. Speaking at...
Latest Commitment of Traders positions (FX) as of August 23rth, 2016
CFTC commitment of traders report was released on Friday (26th August) and cover positions up to Tuesday (23rd August). COT report is not a complete presenter of entire market positions since the future market is...
Confidence survey for Euroarea seems to have weakened in August
The European Commissions confidence survey for the euro area is expected to have softened in August. Julys survey had indicated no signs of weakness following the UK referendum result. Last month, economic confidence index...
Long-term JGBs trade lower after Yellen signals approaching rate hike
The long-term Japanese government bonds traded lower Monday after the Federal Reserve Chair Janet Yellen at the annual Jackson Hole Symposium signalled that the possibilities of increasing policy rates have strengthened in...
Mexico’s jobless rate likely to have increased in July
Jobless rate in Mexico is expected to have risen in July; however, on a seasonally adjusted basis, it is likely to have remained flat. Last year, the country had registered a higher unemployment rate as compared with the...
U.S. trade deficit narrows in July on falling imports, consumption to slow at sustainable pace in Q3
The nominal trade deficit in goods in the US narrowed more than projection in July. The trade deficit in goods reduced to USD 59.3 billion from 64.5 billion in July. Growth in nominal export rose sharply, accelerating to...
Australian bonds slump after Yellen signals strengthening rate hike possibilities
The Australian government bonds slumped Monday as investors drove out of safe-haven buying after the Federal Reserve Chair Janet Yellen spoke at the annual Jackson Hole Symposium on Friday, hinting that the possibilities...
Second estimate of UK Q2 GDP in line with expectations, confirms pre-referendum strength
Second estimate of UK Q2 GDP was unchanged from the previous estimate and in line with market expectations. Data released earlier on Friday showed that second estimate of UK GDP for 2016 Q2 saw growth unrevised from its...
Chart of the Day: Over leveraging in U.S.
Higher leverage was one of the influential factors in the great recession of 2008/09. This chart from Bank of America Merrill Lynch shows that not much has changed. While some would like to blame the commodities decline to...
Brazilian economy sees signs of turnaround, positive growth likely for 2017
Brazil economy has started a slow recovery, but still several structural and fiscal challenges remain. A gradual improvement is likely and Brazil could return to positive growth in 2017. GDP fell less than expected 0.3...
Oil in Global Economy Series
Estimating the 'cost' of fuel tax credits is a tricky business
By John Freebairn -
Insights & Views
In calling for an end to fossil fuel subsidies, critics of Australias fuel tax credits system have highlighted its cost to Australian taxpayers and the budget bottom line.
The Greens have said that ending fossil fuel...
Face the facts: populism is here to stay
By Benjamin Moffitt -
Insights & Views
When it comes to politics, 2016 has been a very strange year to say the least. Things that arent supposed to happen well, they just keep happening.
Pauline Hanson, written off as a serial electoral pest whose best days...
US Election Series
A tale of two GDPs: Why Republicans and Democrats live in different economic realities
By Ian Anson -
Insights & Views
Back in 1992, Democratic strategist James Carville uttered his famous recommendation to Bill Clinton ahead of the 1992 election: Its the economy, stupid! Political scientists beat Carville to the punch, though: As far back...
Worrisome Signs Series
It's not just the economy, stupid; it's whether the economy is fair
By Wesley Widmaier -
Insights & Views
Most experts say globalisation spreads wealth, bringing people out of poverty and nations closer together. But right now some politicians and their supporters are arguing it simply increases inequality. Whats really going...
Apple Could Pivot To Estimated $2.14T Social Media Industry, Too Late Says Analysts
Apples hardware sales are steadily going down, and with its iPhone 7 offering already getting a lot of hate when it hasnt even come out yet, the companys prospects are looking grim. As such, reports are starting to come in...
Google’s ‘Tic-Tac-Toe’ And ‘Solitaire’ Revolution, Play On Search
Google has made plenty of innovations throughout its existence, from the massively expedient way to search for information to popularizing self-driving technology. Now, the search engine company is tapping classic games...
1GB Internet Speed At Risk, Google Fiber Forced To Downsize By Alphabet
Google Fiber is one of the fastest commercial internet providers around, with standard services amounting to 1Gbps. Unfortunately for the revolutionary ISP, they fell short of their target 5 million subscribers in the U.S....
Uber Defeated By Tiny Startup Company, First Self-Driving Cab Service Tested In Singapore
Uber recently set out to become the first to launch fully autonomous cab services, but it seems a tiny startup that launched the first ever set of self-driving taxis in Singapore managed to beat it to the punch. The...
Israel Targets ‘iPhone 6’ Users, Creates Tools To Hack Apple Devices
With the spate of recent hacking attacks recently, with Russia being one of the major alleged perpetrators of some, it almost doesnt seem surprising when Israel joined in. NSO Group, an Israeli company, has reportedly...
WhatsApp Breaks Promises To Users Not To Sell Ads, Could Face FTC Investigation
WhatsApp used to be a service that guaranteed no ads will ever annoy its users on the platform. When it was bought by Facebook for close to $22 billion back in 2014, however, it was only a matter of time before the biggest...