Currency snapshot (major pairs)

Mar 31, 2016 13:37 pm UTC| Commentary

Dollar index trading at 94.47 (-0.38%) Strength meter (today so far) Euro +0.57%, Franc +0.58%, Yen +0.13%, GBP +0.10% Strength meter (since last week) Euro +2.07%, Franc +1.78%, Yen +0.69%, GBP +1.86% EUR/USD...

Upbeat mortgage approvals data underscores strength in UK housing market

Mar 31, 2016 13:33 pm UTC| Commentary Economy

UK mortgage approvals fell less than expected in February, rising by 73.9k in February beating market expectations at 73.5k and compared to 74.1k previously (revised from 74.6k) and the 62k registered last year. Data...

Fed Hike Aftermath Series

FED Hike Aftermath Series: Larger monetary policy divergence means lower rate hikes from FED

Mar 31, 2016 12:49 pm UTC| Commentary Central Banks

After FED chair Janet Yellen warned that policymakers need to move cautiously in hiking rates, given the current levels of low ammunitions, should the economy turn for worse. It is better to wait and hike than to move fast...

South Korea’s headline inflation likely remained stable in March

Mar 31, 2016 12:48 pm UTC| Commentary

South Koreas headline inflation in March is expected to have remained stable on year-on-year basis, whereas on month-on-month basis it might be zero, according to Societe Generale. Headline inflation is likely to stay...

Brazil’s industrial production unlikely to return to growth in 2016

Mar 31, 2016 12:30 pm UTC| Commentary

Brazils industrial production in Q4 2015 had declined 11.8% q/q. Moreover, the contraction pace has accelerated in each of the last five quarters. Even though the contraction pace accelerated through January, the surge in...

US Institute for Supply Management index likely improved in March

Mar 31, 2016 12:27 pm UTC| Commentary

Major surprises on the upside have been reported by recent regional manufacturing surveys in the US. The optimist swing might indicate towards a huge jump in Marchs Institute for Supply Managements (ISM) reading. We...

Oil in Global Economy Series

Oil In Global Economy Series: Report card on Saudi market share strategy

Mar 31, 2016 12:06 pm UTC| Commentary

Yesterday under this series, we inferred that Saudi Arabias strategy to over produce in an already over-supplied market, push the prices lower, push out high cost producers from the market like shale oil and increase...