Canadian manufacturing shipments surprise on the upside in November
Jan 20, 2016 18:33 pm UTC| Commentary
Canadian manufacturing shipments beat expectations in November, rising 1.0% in both nominal and real terms. However, the monthly gain comes on the back of three consecutive declines with shipments (real and nominal) still...
US inflation held back by slumping energy prices
Jan 20, 2016 18:07 pm UTC| Commentary
Consumer prices fell by 0.1% m/m in December, principally thanks to a 4.0% m/m decline in gasoline prices and, with crude oil prices now below $30 a barrel, one can expect an even bigger decline in retail gasoline and...
US Inflation continues to drift higher in December
Jan 20, 2016 17:47 pm UTC| Commentary
Consumer prices were down slightly in December (-0.1% m/m), as falling energy prices continued to weigh on the headline. As expected, core CPI (excluding food and energy) was stronger, but still only up a tame 0.1% on the...
US housing starts ease slightly in December, but the outlook remains favorable
Jan 20, 2016 17:40 pm UTC| Commentary Real Estate
The pace of homebuilding moderated slightly in December, with housing starts declining by 30k units (annualized) to 1,149k. The headline number came in considerably weaker than market expectations, which called for a...
A second rate cut from Bank Indonesia likely in March
Jan 20, 2016 17:09 pm UTC| Commentary Central Banks
Bank Indonesia (BI) cut its policy rate by 25bp to 7.25% on 14 January, as widely expected. Earlier markets expected BI to cut in February, given the governors recent concern over financial volatility. But renewed downward...
Solid US labor markets data suggests slowdown to a short-lived
Jan 20, 2016 16:37 pm UTC| Commentary Economy
Labor market activity is a coincident indicator with GDP growth. Historical evidence shows that declining employment growth and a stable or rising unemployment rate has pre-dated every US recession since 1960. For now,...
CFTC data shows JPY longs in positive ground for the first time since October 2012
Jan 20, 2016 16:01 pm UTC| Commentary
CFTC Speculators FX Positioning as at 12 January 2016 shows JPY longs in positive ground for the first time since October 2012 possibly on rising safe haven demand. A sharp drop was seen in the level of EUR shorts,...
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