Fed Hike Aftermath Series

FED hike aftermath series - Why Banxico followed FED to hike rates?

Dec 18, 2015 12:01 pm UTC| Commentary Central Banks

Bank of Mexico, which is widely known as Banxico followed footsteps of US Federal Reserve and hiked interest rate by 25 basis points. The move was widely expected but remains somehow controversial. Inflation rate in...

Norway wage rate likely to grow at 2.8pct in 2016

Dec 18, 2015 11:49 am UTC| Commentary

The Norges Bank hold the bank rate unchanged at 0.75% yesterday, was in line with markets expectation. However, few experts argued that the Bank may cut rate as fall in oil prices hit the economy, and monetary majors are...

China house prices growth pick up pace

Dec 18, 2015 11:12 am UTC| Commentary Economy

Life may be returning to Chinas ailed housing sector as prices moved up steadily for seventh consecutive month. Prices in 70 cities surveyed up by 0.3% in November, after rising 0.2% in October. On yearly basis prices have...

US bond funds hit by record withdrawal

Dec 18, 2015 10:24 am UTC| Commentary

Rattles in US high yield bond market is just making investors jittery, which led to record wave of withdrawals from bond mutual funds and exchange traded funds. According to Lipper data, latest weekly withdrawals from the...

Currency War Series

Taiwan's CBC intends to further weaken TWD and to boost export competitiveness

Dec 18, 2015 09:46 am UTC| Commentary Central Banks

Taiwans central bank, Central Bank of Republic of China, CBC has delivered a cut in its policy rate in its monetary policy by cutting 12.5 bps, the current interest rate is 1.625% In the second half of this year, the...

Currency War Series

Bank Indonesia likely to cut 25 bps early next year

Dec 18, 2015 09:41 am UTC| Commentary Central Banks

Indonesias central bank, Bank Indonesia kept its interest rates on hold in its monetary policy meeting at the rate of 7.5% in order to anchor IDR stability. Like in latest MPC statements, the central bank sees a window...

FxWirePro: Euro might test recent low against yen

Dec 18, 2015 09:38 am UTC| Commentary

Euro is sharply down against Yen, covering most of the gains post-ECB disappointment. Yen is playing largest part to the decline today. Bank of Japan (BOJ) unveiled new sets of stimulus (tweak actually), which includes,...