Australia’s housing finance rises higher in December, housing market sentiment to remain high in months ahead

Feb 10, 2017 06:55 am UTC| Commentary

Australias total housing finance rose higher in December following a strong gain in November. The value of total housing finance rose 0.8 percent sequentially in December, whereas it was up 10.2 percent on a year-on-year...

JGBs trade narrowly mixed in silent trading session, investors eye Q4 GDP data next week

Feb 10, 2017 06:47 am UTC| Commentary

The Japanese government bonds traded narrowly mixed Friday as investors remain sidelined in any major trading activity and as market participants await the release of fourth-quarter gross domestic product (GDP), due on...

China’s exports surge in January, exceeding expectations

Feb 10, 2017 06:30 am UTC| Commentary

Chinas exports growth exceeded market expectations in January, expanding 7.9 percent in USD terms as compared with consensus expectations of a rise of 3.2 percent. In the previous month the exports had dropped 6.1 percent....

FxWirePro: Loonie likely to stay cheaper for longer on gloomy economy and high correlation to crude prices – Naked put for medium term and spread for long term

Feb 10, 2017 05:56 am UTC| Economy Central Banks Commentary

The Canadian dollar now appears cheap both from a PPP perspective and versus a time series of the real trade-weighted exchange rate (refer above graph). This has helped to support growth and is expected to last for longer,...

U.S. initial jobless claims fall unexpectedly, Fed likely to remain on sidelines in March

Feb 10, 2017 05:53 am UTC| Commentary

Initial jobless claims in the U.S. for the week ended 4 February dropped unexpectedly to 234,000 from 246,000 a week ago. Consensus expectations were for the claims to come in at 249,000. The initial jobless claims are...

New Zealand bonds end long winning streak on profit-booking

Feb 10, 2017 05:15 am UTC| Commentary

The New Zealand government bonds snapped a long steak of gains Friday as investors booked in profits on the last trading day amid a subdued session that witnessed data of little economic significance. The yield on the...

RBA expects inflation to accelerate to 2 pct – 3 pct by mid-2019, revises down near term GDP growth forecast

Feb 10, 2017 05:13 am UTC| Commentary

The Reserve Bank of Australias Monetary Policy Statement (SoMP) showed that the central bank expects underlying inflation to move into the middle of the target band by the end of the forecast period. This suggests that the...