Australia’s employment to reasonably grow in near term

Mar 17, 2016 08:58 am UTC| Commentary

The Australian labor force tone continued to be relatively positive. The February jobless rate fell 0.2ppts to 5.8%, implying that underlying labor market conditions continue to be healthy and enough to keep the central...

Rise in S&P 500, not enough to weaken Yen

Mar 17, 2016 08:17 am UTC| Commentary

Yen is sharply higher, since FED released its monetary policy last night, which showed FED policymakers have scaled back their expectations of future growth and inflation as well as rate forecast. It is understandable that...

US Fed likely to revise economic projections upwards and hike rates in June

Mar 17, 2016 07:55 am UTC| Commentary

The Federal Open Market Committee kept the federal funds target range unchanged at 0.25% to 0.50%, as expected. The Committee also kept its policy of reinvesting assets unchanged until normalization of the level of federal...

Bank Indonesia likely to accumulate reserves if persistent pressure remains on rupiah to appreciate further

Mar 17, 2016 07:54 am UTC| Commentary Central Banks

Bank Indonesia is expected to discuss the rupiah during its policy meeting today. The rupiah has boosted with the help of a turn in market sentiment since the start of 2016. Furthermore, the central bank had used the...

Fed Hike Aftermath Series

FED hike aftermath series: FOMC projections show recent inflation stirrings not enough

Mar 17, 2016 06:54 am UTC| Commentary Central Banks

When FED vice chair commented weeks back that early stirrings of inflation visible and he is now more confident that inflation will be approaching FEDs 2% medium term goal, market participants might have thought FED to be...

Manufacturing gains in Canada likely to be sustained in coming months

Mar 17, 2016 06:50 am UTC| Commentary

Canadas value of manufacturing shipments increased in January by 2.3% m/m to a record $53.1 billion, as compared with consensus expectation of 0.5% m/m increase. Constant dollar sales grew 2.4% m/m to the highest value...

SNB policy action today: fireworks unlikely

Mar 17, 2016 06:26 am UTC| Commentary Central Banks

Swiss National Bank will announce its monetary policy decisions at 8:30 GMT today. Economic conditions Switzerland GDP is around $ 701 billion however growth rate has sharply slowed down. As of latest quarterly...