Guide to today’s important data and events

Jan 29, 2016 07:19 am UTC| Commentary

Lot of economic dockets be released today and some with high risks associated. Data released so far Australia - Private sector credit rose 6.6% in December, from a year ago. Producer price index rose 1.9% y/y in...

South Korea’s nominal trade likely contracted in January

Jan 29, 2016 07:18 am UTC| Commentary

South Koreas exports and imports are expected to further fall in January in terms of dollar-denominated flows. Exports are likely to decline to $38.0bn from $42.5bn, whereas imports are expected to fall to $32.0bn from...

US real GDP likely expanded 0.5% in Q4

Jan 29, 2016 07:17 am UTC| Commentary

The Q4 real GDP of the US is expected to have grown at an annualised rate of just 0.5%, as compared with 2% in the summer and 3.9% in the spring. The slowdown is likely due to decelerations in inflation-adjusted consumer...

FxWirePro: GBP/JPY – short term outlook – 180 in sight

Jan 29, 2016 06:33 am UTC| Commentary

Todays unexpected action from Bank of Japan (BOJ), which introduced negative rates on deposits to be effective from 16th February, has shaken up the market mood totally. We, at FxWirePro, are still in the downside...

Currency War Series

RBA likely to keep interest rate unchanged

Jan 29, 2016 06:30 am UTC| Commentary Central Banks

The Reserve Bank of Australia is expected to keep the cash rate unchanged at 2% on 2 February. Markets are also expecting the central bank to hold rates, with the likelihood of a move close to zero. In February 2015, the...

Daily Economic Outlook—Jan 29

Jan 29, 2016 05:40 am UTC| Commentary

The first estimate of US Q4 GDP that is due to be released today is likely to indicate a noticeable slowdown from Q3s annualised growth of 2%. The US economy is expected to have expanded 1.2% in Q4. Several factors are...

US January unemployment rate likely to be at 4.9%

Jan 29, 2016 05:22 am UTC| Commentary

The US is expected to have recorded a solid gain of 210,000 in non-farm payrolls in January that might cut the jobless rate to 4.9%, which will be on par with the US Feds median estimate of the long run equilibrium rate....