Prospect for mild temperatures in the US leads to plunging US natural gas price
Oct 27, 2015 10:08 am UTC| Commentary
The prospect of a mild start to the winter coupled with plentiful stocks is putting further pressure on the US gas price, the front-month contract for US natural gas (Henry Hub) fell by an additional 10% yesterday to hit a...
PBoC's supplementary tools for longer-end
Oct 27, 2015 08:59 am UTC| Commentary
The PBoC also has a few instruments to guide longer-dated rates: the medium-term lending facility (MLF), pledged supplementary lending (PSL) and other relending programmes with various collateral requirements.The MLF and...
PBoC's rate corridor at short end
Oct 27, 2015 07:53 am UTC| Commentary Central Banks
The PBoC has several instruments for managing short-term liquidity: bank reserves, open market operations (OMOs), including short-term liquidity operations (SLOs), and standing lending facilities (SLFs). The rates on these...
China may adopt flexible exchange rate to attract investors
Oct 27, 2015 07:36 am UTC| Commentary
Chinese top leadership is holding a plenum session this week, and the focus will be the eye-catching 13th Five-Year Plan. What market focuses in the first glance is the growth target. China should have at least 6.5%...
Poland's zloty likely to remain volatile
Oct 27, 2015 07:27 am UTC| Commentary
The electoral commission released first official results last evening confirming PiS dominant showing in the weaken elections. The final seat count will be released later today afternoon, but based on the official vote...
Israel Shekel strengthens as BoI holds rate
Oct 27, 2015 07:20 am UTC| Commentary
Bank of Israel held its benchmark rate unchanged yesterday at 0.1% as expected by most analysts, but the shekel appreciated following the decision. This suggests that at least some market participants had expected either...
GBP has potential to outperform EUR due to BoE’s optimism
Oct 27, 2015 07:18 am UTC| Commentary
The Bank of England (BoE) is in a similar situation. The British economy is doing well, as the GDP figures for Q3 are likely to show once again today. Only inflation is stubbornly low. However, the BoE is currently much...
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