Currency War Series

South Korean central bank likely to keep rates on hold until end of 2016

Feb 15, 2016 06:37 am UTC| Commentary Central Banks

The Bank of Korea, at its upcoming meeting, is likely to keep its policy rate unchanged at 1.50%. The committee is expected to discuss the current global financial market volatility during the meeting, while several...

Renminbi Series

Chinese Yuan strengthened most in more than a decade

Feb 15, 2016 06:12 am UTC| Commentary

After a weeklong Lunar New Year holiday, Chinese Renminbi woke up today much stronger, majorly due to broad based weakness in Dollar. Chinas central bank, Peoples bank of China (PBoC) responded to weaker Dollar today and...

US industrial production likely grew in January on non-automotive manufacturing

Feb 15, 2016 06:04 am UTC| Commentary

US industrial production likely grew 0.4% in January with the help of a projected increase in non-automotive manufacturing, along with weather-related snapback in utilities generation. The industrial production had dropped...

Japan’s economy contracts in Q4 2015 on falling private consumption

Feb 15, 2016 05:57 am UTC| Commentary Economy

Japans economy shrank more than expected in Q4 2015, mainly due to declining private consumption. Before important reforms in the labor market are pushed through, significant convincing turnaround is unlikely. GDP deflator...

Negative Rates Series

Japanese economy back in contraction zone

Feb 15, 2016 05:46 am UTC| Commentary Economy

2015 didnt end well for Japan and BOJ too. According to latest estimate released Japans economy shrank in final quarter of 2015 and more than it was expected. AQs per latest data, Japans GDP shrank by 0.4% in fourth...

Aussie gains against major peers on positive China trade data

Feb 15, 2016 05:24 am UTC| Commentary

Aussie gains against major peers like US dollar as well as New Zealand dollar. The AUD/USD cross was trading 0.63% higher at $0.7162 on Monday, up from $0.7100 where the pair closed at the end of last week. The...

ECB likely to lower 2016 growth forecast on slow economic recovery

Feb 15, 2016 05:03 am UTC| Commentary

The economic rebound of the euro area is very slow. The blocs GDP grew just 0.3% q/q in Q4 2015. This limited growth rate will continue in the following quarters. Euro areas businesses, given the uncertainty in earnings...