Mar 08, 2016 03:51 am UTC| Commentary
All the Asian markets are trading lower on Tuesday. Today China released trade balance data with negative numbers. The trade surplus shrank from 406 billion to 210 billion. Exports tumbled 17.8% year-on-year in February,...
Gold near 13-month high as investors expect non action from Fed
Mar 08, 2016 01:13 am UTC| Commentary
Spot gold was up 0.2 percent at $1,269.40 an ounce by 0036 GMT, not far from Fridays peak of $1,279.60, its highest since Feb. 3, 2015. The dollar has been struggling to find traction despite a robust U.S. February...
Asian currencies face resistances after strong recovery
Mar 08, 2016 01:07 am UTC| Commentary
AUD continued to rally with higher oil prices. AUD/USD ended yesterday at 0.7466, its highest close since Jul 2015. According to IMM data, speculators have started to turn net long AUD from the week ending 19 Feb. This...
Taiwan faces the longest slump in exports since 2008
Mar 08, 2016 01:01 am UTC| Commentary Central Banks
Trade data out yesterday showed that exports continued to contract sharply in Feb16, by -11.9% (YoY). Combining Jan-Feb16, exports fell -12.4% on average, a slightly smaller rate compared to -13.9% in 4Q15. But this was...
German industrial production likely to stagnate medium-term as EM crisis takes full effect
Mar 07, 2016 16:26 pm UTC| Commentary
Data released on Monday showed that in January, German industry received somewhat fewer orders than in December. Domestic demand fell 1.6 per cent while foreign orders rose 1.0 per cent, with bookings from the euro zone...
EUR shorts increased last week as expectations rise for more ECB action
Mar 07, 2016 15:37 pm UTC| Commentary
Draghi will deliver this time, and may not want to repeat the disappointment that took place after the December meeting. Since the December meeting, eurozone economic outlook and inflation have weakened, leading indicators...
BRL gains amidst political chaos in Brazil!
Mar 07, 2016 15:03 pm UTC| Commentary
Political chaos is the last thing Brazil needs during economic hard times, but political chaos is what Brazil has. On Friday, former President Lula was arrested as part of an on-going Petrobras corruption investigation....
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
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects