National Bank of Hungary likely to lower rates in Q2 2016
Feb 25, 2016 05:14 am UTC| Commentary
In 2015, the Hungarian economy performed very well. The economy is likely to have expanded above trend in 2015 after many years of stagnation. This led to stronger price pressures with core CPI inflation accelerating from...
Asian markets trading on a mix note on the back of global uncertainties
Feb 25, 2016 03:29 am UTC| Commentary
The current uncertainty over production cut talk of crude is highly responsible for the directionless movement of the Global stock markets. Major Asian markets are trading on a mix note on Thursday morning. In addition,...
Foreign portfolio outflows to keep KRW downside vulnerable
Feb 24, 2016 16:05 pm UTC| Commentary
The KRW has been the weakest performing currency in Asia since the start of 2016, depreciating 5% against the USD and 11% against the JPY, its biggest export competitor. The weakness has mainly been driven by portfolio...
Banxico unlikely to tolerate excessive MXN weakness
Feb 24, 2016 15:43 pm UTC| Commentary Central Banks
Mexicos GDP data for Q4 2015 came in line with expectations at 2.5% y/y. Remarkably, the Q3 data were revised higher to 2.8% y/y and 0.8% m/m, confirming robust Mexican fundamentals . Decent growth and modest inflation...
Bias for USDSGD is still tilted to the upside
Feb 24, 2016 15:04 pm UTC| Commentary Central Banks
Earlier this week, MAS lowered its headline inflation forecast for Singapore for 2016 to -1 to 0% but kept the core CPI outlook unchanged at -0.5 to 0.5%. At its policy meeting scheduled in mid-April the Monetary Authority...
Commodities snapshot (precious & industrial)
Feb 24, 2016 15:01 pm UTC| Commentary
Metal pack is mixed today. Performance this week at a glance in chart table - Gold - Gold is up over rising risk aversion. Todays range $1250-1221 Gold is currently trading at $1249/troy ounce. Immediate support lies...
Hungary's Central Bank likely to cut rates from 1.35% to 1% by mid-2016
Feb 24, 2016 14:51 pm UTC| Commentary Central Banks
Hungarys MPC communication was more dovish than expected. Minutes hinted that inflation forecasts will likely be cut in the March Inflation Report, and that policy could be eased further. The central bank noted lower...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects