Asian markets rally on the back of positive global sentiments, Gold around $1250 and Silver rises nearly 3 pct

Apr 21, 2016 04:24 am UTC| Commentary

All the Asian markets are trading on a higher note on Thursday. Japanese markets continue to trade higher while Chinas stock market opened mix and there after turns positive. On the other side, Japanese Yen gains in early...

China’s economy weakens in Q1 despite proactive PBoC policy

Apr 20, 2016 15:38 pm UTC| Commentary

Chinas economy expanded by 6.7% y/y in Q1 2016 compared to 6.8% in Q4 2015. The qoq growth rate even fell from 1.5% in Q4 to just 1.1% in Q1. The weakness was seen despite a proactive policy easing from the PBoC and the...

Russia's GDP to decline by 1.3% by end-2016, household consumption to be a major drag

Apr 20, 2016 15:05 pm UTC| Commentary

Preliminary estimates showed that Russian GDP contracted by 1.7%-2% in Q1, slightly better than expected. Industrial production increased by 0.4% m/m (seasonally adjusted). Some leading indicators such as freight turnover...

FX Hedging Strategy Series

FxWirePro: EURO rates strategy ahead ECB’s meeting

Apr 20, 2016 14:49 pm UTC| Commentary

Euros strength considerably EUR/USD has appreciated by almost 1.13% since last Thursday. In view of general USD weakness and in view of general risk-on sentiment on the FX market that is not a move that would require...

Malaysia's inflation is normalising from peaks, will still remain higher y/y in 2016

Apr 20, 2016 14:40 pm UTC| Commentary

The Statistics Department said on Wednesday the March CPI increased by 2.6% to 113.8 compared with 110.9 in the same month last year. On a monthly basis, CPI for March 2016 decreased 0.6% to 113.8 from 114.5. CPI for the...

Benign inflation outlook to prompt further RBI easing

Apr 20, 2016 13:55 pm UTC| Commentary

The Indian Meteorological Department (IMD) said on 12 April that there is a high chance of an above-normal monsoon rainfall this year. On the back of the above forecasts analysts expect Indias inflation outlook to remain...

API reports surplus, while WTI awaits EIA report – calls updated

Apr 20, 2016 13:51 pm UTC| Commentary

WTI is trading at key resistance area at $41.8/barrel. Key factors at play in Crude market Doha talks failed to secure a freeze deal over the weekend, largely due to Saudi opposition, who demanded for Iran to...