Solid labour markets conditions to keep RBA on the sidelines even if inflation prints ‘low’
Apr 14, 2016 13:34 pm UTC| Commentary
Australia employment change seasonally adjusted came in at +26.1K in March, above forecasts of +17k, with the unemployment rate s.a. at 5.7% vs forecasts of 5.9% and 5.8% last. Fulltime employment stood at -8.8k vs...
FxWirePro: Striking balance between GBP/CAD hedging drivers, IVs and weights in 3:2 ratio PRBS
Apr 14, 2016 13:20 pm UTC| Commentary
In just last five months, GBPCAD has declined from the highs of 2.0949 to the current 1.8162 levels, (i.e. almost 13.3%). In UK, the central bank maintained an unchanged interest rate at 0.50%, all MPC members...
SEK likely to strengthen slowly in coming year, EUR/SEK to trade around 9.0 by end-2016
Apr 14, 2016 12:51 pm UTC| Commentary
In spite of increased likelihood of additional policy easing by late 2016, EUR/SEK has traded in a narrow range between 9.20 and 9.30 in the past month. The Swedish central bank continues to be susceptible to the negative...
US industrial production likely declined again in March
Apr 14, 2016 12:47 pm UTC| Commentary
In February, industrial production had declined. It is likely to fall again by 0.6% m/m and 1.8% y/y in March, according to Societe Generale. Persistent drops in gas and electric utilities due to warmer-than-usual winter...
Canadian bonds fall as Bank of Canada leaves policy rate unchanged
Apr 14, 2016 12:43 pm UTC| Commentary
The Canadian bonds prices edged down, sending yields higher on Thursday as investors cooled on safe-haven assets after Bank of Canada announced no change in its policy rate on Wednesday. The yield on the benchmark 10-year...
Upward pressure on CHF likely to be limited, EUR/CHF to trade at 1.11 by end-2016
Apr 14, 2016 12:30 pm UTC| Commentary
Given the CHFs safe-haven status, the Swiss franc continues to face upside risks from the increasing political risk throughout the EU, in spite of the ECBs recent easing of policy, according to Lloyds Bank. Several...
Bank of England MPC unanimously vote to keep policy unchanged
Apr 14, 2016 12:13 pm UTC| Commentary
The BoE kept its policy on hold today. The MPC voted unanimously to keep the rate on hold, on par with expectations. The minutes tone was a bit dovish, partially because of the uncertainty regarding the forthcoming Brexit...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects