BoC likely to cut rate today, USD/CAD to continue moving north
Jan 20, 2016 05:31 am UTC| Commentary
Business investment in Canada might be even more of a drag on the countrys growth in 2016 than previously assessed due to recent weakness in price, and oil and gas companies reaction function. The Bank of Canada Business...
IMF cuts global growth forecast again, warns financial turmoil may derail growth
Jan 20, 2016 05:08 am UTC| Commentary
In its latest World Economic Outlook, the International Monetary Fund has cut its global growth projection again, stating that the financial disturbance might derail growth. However, this message was eclipsed in OCED...
Aussie falls on lower Westpac consumer sentiment
Jan 20, 2016 05:01 am UTC| Commentary
Australian consumers were noticeably less optimistic about the economy as China fears prompts the Westpac consumer confidence to drop a massive 3.5%. The Westpac-Melbourne Institute Consumer Sentiment Index for...
RBNZ likely to lower OCR further to 2% in 2016 on weaker CPI data
Jan 20, 2016 04:32 am UTC| Commentary Central Banks
New Zealands Consumer Price Index (CPI) dropped by 0.5% in Q4 2015, lower than Westpacs below-market projection of a drop of 0.4%. Meanwhile, the countrys annual inflation rate declined to just 0.1% from 0.4%. The drop in...
Kiwi drops as annual NZ CPI rate at lowest level since 1999
Jan 20, 2016 03:57 am UTC| Commentary
The New Zealand dollar slipped to $0.6366 in the early Asian session, from $0.6470 levels. Pair slipped below the 3 month low of $0.6382 levels and currently trading around $0.6386 levels. Initial support is seen at...
Most Asian markets Open Lower, Nikkei down around 2%
Jan 20, 2016 03:26 am UTC| Commentary
Shares in Japan continued to fall on Wednesday as the perpetual slide in oil prices and uncertainty over Chinas economic growth weighed on markets. It is suspected downward pressure is being placed on markets as Sovereign...
Inflation will remain high in Malaysia
Jan 20, 2016 02:59 am UTC| Commentary
Malaysias headline CPI figure for December15 due today is expected to register 3.0% YoY, up from 2.6% in the previous month. While the slump in oil prices is having significant disinflationary impact on many regional...
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