Fed dependent on data

Oct 28, 2015 17:15 pm UTC| Commentary Central Banks

The Fed will round up their second day of meetings today as markets heavily anticipate the 2 p.m. press release. Analysts across the spectrum do not expect a rate increase at this meeting, approximating the chances of a...

BoJ slightly more likely to hold but a very close call

Oct 28, 2015 15:20 pm UTC| Commentary Central Banks

The BoJs next Monetary Policy Meeting is on 30 October. The meeting will be a one-day affair, at which the central bank is scheduled to update its semiannual Outlook Report and revise its outlook on the economy and prices....

US Q3 GDP tracking 1.4% after advance September trade data

Oct 28, 2015 14:59 pm UTC| Commentary

The Census Bureaus advance estimate of goods trade for September showed that the nominal trade deficit narrowed sharply to $58.6bn on the month, considerably more than forecast ($63.0bn) and consensus ($64.3bn)...

CBR likely on hold as RUB weakens

Oct 28, 2015 14:50 pm UTC| Commentary Central Banks

Economists expect the Bank of Russia (CBR) to keep its key rate on hold at 11% for a second consecutive meeting on Friday (30 October). The Bloomberg consensus is split evenly between those calling for a cut and those that...

US good trade deficit narrows to 7-month low

Oct 28, 2015 14:36 pm UTC| Commentary

The sharp reversal in the goods trade deficit to a seven-month low of $58.6bn in September, from $66.6bn, means that third-quarter GDP growth will be around 1.8%, higher than previous 1.5% estimate. Nominal exports...

Prospect for rainfall in U.S. Midwest weighs on wheat price

Oct 28, 2015 12:23 pm UTC| Commentary

The wheat price on the CBOT initially continued to climb to 518 US cents per bushel yesterday, though it shed its gains again in the later course of trading and closed unchanged at 509 US cents. The correction is...

Disappointing U.S. economic data put oil prices under pressure

Oct 28, 2015 12:20 pm UTC| Commentary

Weak U.S. economic data such as a sharp fall in consumer confidence were the final straw, as this makes for a much gloomier outlook as regards oil demand in the most important oil consumer country. The expectation of...