Oil in Global Economy Series

Higher oil prices, strong housing bolster central banks' stimulus hopes

Jan 22, 2016 18:05 pm UTC| Commentary Central Banks

Markets around the world surged onthe speculation that central banks will increase stimulus in reaction to the recent tumultuous financial markets. Particularly European markets improved significantly off word that ECB...

Currency War Series

Euro area inflation bounce unlikely to prevent further stimulus

Jan 22, 2016 17:37 pm UTC| Commentary Economy Central Banks

The initial reading for January euro area annual inflation is forecast to see a second successive monthly rise. While oil prices fell in January, they dropped by even more at the same point last year. That should allow the...

Fed Hike Aftermath Series

FOMC to stand pat and is unlikely to send a strong signal of a March rate hike

Jan 22, 2016 17:33 pm UTC| Commentary Central Banks

Against this background, the US central banks policy committee meets for the first time this year (Wed). As it is only a few weeks since the Fed hiked interest rates, a policy change at this meeting has always been very...

Taiwan's CBC likely to cut rates at March meeting

Jan 22, 2016 15:05 pm UTC| Commentary Central Banks

Data released earlier today showed that Taiwans industrial production fell 6.17% y/y in December (Nov: -4.9%; Oct: -6.3%), worse than consensus. On a m/m basis, Taiwans IP posted the first negative contraction following...

Currency War Series

ECB’s SPF warns on lower inflation

Jan 22, 2016 14:31 pm UTC| Commentary Central Banks

European Central Bank (ECB) president Mario Draghi warned on lower inflation in Euro Zone and reiterated not only ECBs ability and determination to act, gave a clear indication when that might happen. Governing council...

Risks skewed to the downside for Eurozone

Jan 22, 2016 12:39 pm UTC| Insights & Views Central Banks

The ECB held rates at 0.05 pct in yesterdays meeting and Draghi at the post meeting press conference noted that thedownside risks were increasing once again. He expressed concerns over the poor inflation outlook and...

Trade War Series

Possible ECB monetary policy easing in March to benefit gold in euros

Jan 22, 2016 12:02 pm UTC| Commentary Central Banks

Appreciation in US dollar and stock markets, along with rebound in oil prices led the gold prices to drop below the $1,100 per troy ounce at the end of this trading week. However, gold in euro terms touched a 2-week high...