US Nonfarm Payrolls to set the pace of the normalization cycle
Jan 03, 2016 21:23 pm UTC| Commentary
The USD will likely find support in Fridays NFP report. Average job creation of 150k or more during the next few employment reports should be consistent with a gradual increase in the fed funds rate. Therefore, taking into...
Chicago PMI plunges in December
Dec 31, 2015 16:53 pm UTC| Commentary
The Chicago PMI plunged to 42.9 in December from 48.7 in November, lower than forecast and consensus expectations (50.0). The December number is the third in the past four months that has indicated outright contraction of...
US jobless claims remain at historically low levels as 2015 ends
Dec 31, 2015 16:46 pm UTC| Commentary
Initial jobless claims rose to 287k in the week ending December 26, in line with the forecast (290k) and marginally above consensus expectations (270k). The four-week moving average rose to 277k (previous: 273k). While...
Chile's central bank likely to hike at least additional 50bp before peso stabilizes
Dec 31, 2015 11:10 am UTC| Commentary Central Banks
Chiles central bank appears to be in a tightening cycle. Despite high headline inflation and waning credibility. The local swap market moved to pricing 2y headline inflation from last years 1.9% to 3.1% now. The...
Bank of Thailand likely to keep rates unchanged through 2016
Dec 31, 2015 06:27 am UTC| Commentary Central Banks
There is a very slight improvement in Thailands growth and low inflation, but against this backdrop, Bank of Thailand is likely to keep the monetary conditions accomodative. The central bank clearly stated that the...
Thailand economic activities continue to show modest improvement
Dec 31, 2015 06:22 am UTC| Commentary Economy
November economic report of Bank of Thailand is the domestic demand showing indications of a revival, even as tourism and rural sectors see slowdown. Domestic demand improvement comes along with manufacturing activity...

Recent drop in US pending home sales likely to be temporary
Dec 31, 2015 05:04 am UTC| Commentary Real Estate Economy
US pending home sales declined 0.9% mom in November, way lower than the market consensus anticipations of firm monthly rise. The upward revisions to last months data boosted the yoy rise to 5.1% over consensus...