Currency War Series

More depo rate cuts still an option for the ECB, however, bold action unlikely

Feb 08, 2016 11:16 am UTC| Commentary Central Banks

After lowering its repo rate by 10bp and extending its quantitative easing in December 2015, the ECB left its key interest rates unchanged in Jan, even as low energy prices and concerns about Chinas impact on the global...

Japanese wage data fails to impress the central bankers

Feb 08, 2016 11:08 am UTC| Commentary Economy Central Banks

According to recent data from Japans Ministry of Health, Labour and Welfare, Decembers bonus payments declined 0.4% below that of 2014, shattering the Japanese central bankers hopes of re-inflation. Further the summer...

Fed Hike Aftermath Series

Fed likely to hike rates in June and December

Feb 08, 2016 10:00 am UTC| Commentary Central Banks

United States January establishment survey came in weak as nonfarm payrolls grew by 151k, not in line with markets expectations of 190k, which resulted from slow growth in the services sector employment. Services sector...

China Crisis Series

Renminbi Series

Decline in Chinese FX Reserves - No exciting celebration during Chinese New year

Feb 08, 2016 09:14 am UTC| Insights & Views Central Banks

Foreign exchange reserves in China declined $99.5bn to $3.23tn in January of 2016, slightly lower than the monthly fall of $107.9bn in December, which was the biggest on record. The China international reserve number...

Wait for Yellen’s testifying, for next leg in Dollar

Feb 08, 2016 08:49 am UTC| Commentary Central Banks

Non-farm payroll report on Friday, provided some support to Dollar, with stronger than expected wage growth. However, it could take much longer for wage growth to lead to higher purchase, thus to higher inflation. FED...

Currency War Series

Demand driven inflation out of reach of BOJ as wage growth subdued

Feb 08, 2016 08:43 am UTC| Commentary Economy Central Banks

Bank of Japan (BOJ) ambitious easing has so far failed to achieve targeted inflation path as consumers have scaled back their purchase after sales tax hike of 2% and now latest earnings data released today, show that...

China Crisis Series

Another $100 billion disappears from PBoC coffer

Feb 08, 2016 06:27 am UTC| Commentary Central Banks

Happy Lunar New Year. Happy year of the monkey. All hopeful of a great year for China. However, latest data, FX reserve released on the eve of New Year shows, another tough year lies ahead of Chinese economy. From...