Currency War Series

Briferendum Series

BOE governor expresses worries over Pound

Feb 24, 2016 09:21 am UTC| Commentary Central Banks

After the initial jump over deal announcement last week, Pound has dropped sharply against all of its major trading counterparts as well as emerging market currencies. Since Friday, Pound has dropped close to 3% against...

Fed Hike Aftermath Series

Key commentaries from Stanley Fischer

Feb 24, 2016 07:48 am UTC| Commentary Central Banks

Someone is not worried of market moves! US Federal Reserve vice chair in a speech at energy conference sounded more hawkish than the FED chair Janet Yellen sounded in congress. Key commentaries According to Mr....

Emerging Market Crisis Series

Brazilian central bank unlikely to hike rates despite high mid-February inflation print

Feb 24, 2016 07:32 am UTC| Commentary Central Banks

Brazils February IPCA-15 inflation accelerated 1.42% m/m and 10.8% y/y, surprising on the upside. The unexpected gains in apparel prices and broad-based price adjustments in beauty products mainly led to the surprising...

Healthy labor market and income gains to push US consumer confidence higher

Feb 24, 2016 07:11 am UTC| Commentary

The US Conference Board confidence measure fell to an eight-month low of 92.2 in February from 97.8. This implies that the financial market volatility in February is starting to weigh more greatly on consumer...

Global stocks decline with oil, courtesy Ali Naimi

Feb 24, 2016 06:58 am UTC| Commentary

Global equity market is in back foot since last night, after oil price started faltering and WTI declined more than 5%. However, today morning its trying to claw back some of the gains. Drop in oil price and other...

Emerging Market Crisis Series

Brazil’s current account deficit narrows in January, posts trade balance surplus on nominal contraction of exports

Feb 24, 2016 06:32 am UTC| Commentary

Brazil recorded below expected current account deficit of $4.8bn in January, as compared with the deficit of $12.2bn in January 2014 and $13.2bn in January 2013. The nation posted a small surplus of $0.6bn in trade...

Australia’s wage price index rises below expectations in Q4, benign outlook for inflation

Feb 24, 2016 05:56 am UTC| Commentary

Australias Q4 total hourly wage rates ex bonuses grew 0.5%, as compared with expectation of 0.6% qtr and average rise of 0.6%qtr in the previous eight quarters. In annual terms, it grew 2.2%, as compared with the 2.5% y/y...