USD/CAD likely to test at 1.33 by end-2016

Dec 29, 2015 05:08 am UTC| Commentary

A pull back is likely in USD/CAD as the year progresses, on an expected stabilization then crude oil prices rebound and better performance in non resource sector. Weaker CAD benefits are likely to present a boost to the...

EUR/USD likely to reach parity by end-Q2 2016

Dec 29, 2015 05:01 am UTC| Commentary

EUR/USD is now at November level, it traded down to a 1.0524 low as expected built up after the ECB meeting, then went up 450 pts in a single day on what was widely percieved to be an ECB disappointment and now is trading...

US Dollar strength likely to extend into 2016

Dec 29, 2015 03:47 am UTC| Commentary

US Fed has raised its interest rates finally after almost a decade in December. Most of the market participants priced in a dovish hike, which came in as almost priced in. Fed members economic projections still imply...

CESEE MARKETS: Emerging stock markets moved broadly lower in European trade on Monday

Dec 28, 2015 21:54 pm UTC| Commentary

Emerging CESEE stock markets moved broadly lower in European trade on Monday, trimming part of their recent losses amid mounting concerns over Chinas growth prospects. A renewed drop in commodity prices earlier today also...

US household consumption likely to drive growth in 2016

Dec 28, 2015 06:21 am UTC| Commentary

University of Michigan index of consumer sentiment December final estimate was up to 92.6, slightly over expectations of 92.0. Current conditions were up to 108.1, the highest since June. The consumer expectations were...

Singapore growth likely to remain subdued into 2016

Dec 28, 2015 04:32 am UTC| Commentary Economy

Singapore November industrial production release confirms that the headwinds of continuing weak external demand and a slow inventory adjustment are likely to keep the growth momentum subdued in 2016. The external growth...

Biomedical reversal triggers weakness in Singapore November industrial production

Dec 28, 2015 04:26 am UTC| Commentary

Singapore November IP dropped 5.5% yoy which was much lower than expected fall of 3% by the market consensus. The output declined 3.6% mom on a seasonally adjusted basis, which reversed the profits earned in September and...