Indonesia trade surplus likely to rise in December on positive exports growth

Jan 13, 2017 07:14 am UTC| Economy Commentary

Indonesian trade balance data for December is expected to be released on Monday, January 16 at 04:00 GMT. We foresee that the trade surplus will increase to USD8 billion, higher than the precious reading of USD7.7 billion,...

FxWirePro: Euro likely to slide back to test 120 area against yen

Jan 13, 2017 07:14 am UTC| Commentary

The euro has been consolidating against the yen in the range of 300 pips since early December. While the key immediate support area lies around 121, at the base of the range, the single currency might actually slide...

U.S. initial jobless claims continue to stay low, low layoffs level to underpin household sentiment, spending

Jan 13, 2017 07:01 am UTC| Commentary

U.S. initial jobless claims continued to stay low in the beginning of 2017. For the week ending 7 January, initial jobless claims rose from the prior weeks very low level to 247,000, consistent with consensus expectations...

U.S. import prices rise in December on rebound in energy, likely to strengthen further in months ahead

Jan 13, 2017 06:49 am UTC| Commentary

The U.S. import prices rose in December, owing to rebound in energy. On a sequential basis, U.S. import prices grew 0.4 percent, below consensus projection of 0.7 percent rise. The data for November was upwardly revised a...

JGBs trade modestly lower on profit-booking, month-end BoJ policy meet in focus

Jan 13, 2017 06:48 am UTC| Commentary

The Japanese government bonds traded modestly lower Friday as investors cashed in profits on the last trading day of the week after relishing previous gains, observing a relatively subdued trading session amid mild selling...

China’s trade surplus contracts in December, trade surplus unlikely to counter fall in FX reserves this year

Jan 13, 2017 06:06 am UTC| Commentary

Chinas exports in USD terms declined 6.1 percent year-on-year in December, as compared with the fall of 1.6 percent in November and market expectation of a fall of 4 percent. Meanwhile, imports in USD terms rose 3.1...

New Zealand bonds end week slightly lower following mild selling in U.S. Treasuries

Jan 13, 2017 05:59 am UTC| Commentary

The New Zealand government bonds remained modestly weak on the last trading day of the week, observing a relatively subdued trading session amid mild selling in the U.S. Treasures across the curve, following the 30-year...