Oct 07, 2016 08:01 am UTC| Commentary
We are medium-term bearish ZAR, but following the sharp sell-off in recent weeks we do not hold active short positions at the moment. We keep reiterating ZAR experienced a sharp sell off following the latest flare-up in...
China’s foreign reserves fall more than expected in September
Oct 07, 2016 07:28 am UTC| Commentary
China released its foreign reserves data for September today. It showed that the nations foreign reserves dropped more than expected by USD 18 billion to USD 2.17 trillion. This is the lowest level seen since May 2011. The...
Eurozone economy likely to decelerate slightly in Q3, may improve gradually next year
Oct 07, 2016 06:52 am UTC| Commentary
The second quarter economic growth data for the euro area went hand in hand with a significant upward revision of historical data, said Erste Group Research. The revised data showed that the euro area economy grew 1.9...
Oct 07, 2016 06:40 am UTC| Commentary
The German bunds traded nearly flat Friday as investors await the United States non-farm payroll data in lieu of the upcoming Federal Reserve monetary policy meeting. The yield on the benchmark 10-year bond, which moves...
Mexico’s inflation seems to have accelerated in September on higher food prices
Oct 07, 2016 06:21 am UTC| Commentary
Mexicos inflation is expected to have accelerated in September on higher food prices. In the past few months, bi-weekly inflation figures have been varying between 2.53 percent year-on-year and 2.88 percent year-on-year...
Swedish CPI inflation likely accelerated 0.4 pct sequentially in September
Oct 07, 2016 06:19 am UTC| Commentary
Swedens CPI inflation reading for August was low. It had dropped by 0.1 percentage point on the month; however, the composition was unfavorable and different from the central banks perspective, noted Nordea Bank. Goods and...
Indian bonds plunge ahead of government debt auction, U.S. employment report
Oct 07, 2016 05:45 am UTC| Commentary
The Indian government bonds continued to trade lower Friday ahead of 150 billion government debt auction and the U.S. employment report. The yield on the benchmark 10-year bonds, which moves inversely to its price, rose...