FxWirePro: aussie turns higher, RBA monetary policy in focus
Feb 04, 2016 09:34 am UTC| Technicals Central Banks
The Aussie continued to add further gains and made new intraday high at $0.7218 levels. Pair is currently trading at $0.7207 levels, made intraday low at $0.7153 levels. On the other side, heavy USD sell-off...
Bank of Mexico likely to keep rate unchanged today over Fed’s recent dovish statement
Feb 04, 2016 06:47 am UTC| Commentary Central Banks
The Bank of Mexico is expected to keep its overnight rate on hold at 3.25% today, mainly in the context of Feds dovish statement recently. However, the central banks decision to maintain rates will not be simple. The...
Moody's: PBOC's further easing of down-payments is credit positive for Chinese property developers
Feb 04, 2016 02:20 am UTC| Research & Analysis Central Banks
Moodys Investors Services says that the new down-payment requirements for first and second home owners in China (Aa3 stable) are credit positive for the countrys developers because they will support demand for properties...
Market odds of Fed hikes are falling fast
Feb 04, 2016 02:17 am UTC| Commentary Central Banks
The markets have always reckoned the Fed would hike fewer times than officials themselves thought but its the swing more than the gap that now catches the eye. Markets priced in close to 3 hikes in 2016 (after the initial...
Indonesia likely to cut interest rate around mid year
Feb 03, 2016 22:49 pm UTC| Commentary Central Banks
Indonesian real GDP expanded by an estimated 4.8% y/y in 2015. The main key drivers behind the lower growth were prolonged delays in government spending, sluggish private investment and the impact of weak global markets....
Surprisingly strong unemployment data reduces the chance of RBNZ cutting rates in March
Feb 03, 2016 16:06 pm UTC| Commentary Central Banks
New Zealand unemployment rate plummeted to 5.3% in the December quarter, in stark contrast to expectations for a small increase. Employment growth was up a solid 0.9% while there was also a sharp fall in...
Will Emerging Markets benefit from a cautious Fed?
Feb 03, 2016 15:15 pm UTC| Commentary Central Banks Economy
The Fed is likely to tighten monetary policy only by as much as markets allow without major turmoil. The FOMC statement showed that the Fed takes the financial market turmoil and the development in China and other emerging...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects