US durable goods orders likely to slump further
Oct 27, 2015 05:02 am UTC| Commentary
Pared by an aircraft-led drop in transportation equipment requisitions, US durable goods orders probably contracted by 2.5% last month, eclipsing the 2.3% falloff posted in August. Reflecting a projected 81.5% dive in...
Fed's rate hike unlikely before 2016
Oct 27, 2015 04:59 am UTC| Commentary
For the October FOMC meeting, markets and the Fed are reasonably well aligned. Markets do not appear to expect the Fed to hike, andthe Fed will stand pat. However, market pricing diverges sharply from Fed communications...
NZ's population growth to fall down next year
Oct 27, 2015 04:48 am UTC| Commentary
New Zealands population boom continues unabated - the population growth rate for 2015 will be higher than any year since 1974, at above 2%. Data last week showed that net migration remained extremely strong in September,...
USD likely gained from ECB, PBoC, BoJ and Riksbank's soft tone?
Oct 27, 2015 04:35 am UTC| Commentary
The first fed funds rate hike will likely come at either the January or March FOMC meeting next year, with the highest odds on a January move. The combined soft tone from the ECB on Thursday, followed by easing from the...
Impacts of Pis on polish rates
Oct 27, 2015 04:31 am UTC| Commentary
Recommendation is to short PLN/HUF as a low beta (to global developments) way to trade the unorthodox policy stance in post election Poland. Alternatively, long USD/PLN also expresses the negative developments in Poland...
75% probability of Fed's rate hike in March 2016
Oct 27, 2015 04:31 am UTC| Commentary Central Banks
The Fed is likely to deem its communication at the October meeting a success if markets stay broadly unchanged following the release. Whether it will succeed in this is up to the exact wording in the...
RBNZ likely to cut OCR further next year
Oct 27, 2015 04:27 am UTC| Commentary
The key upcoming event in New Zealand is the Reserve Banks OCR Review on Thursday. The outcome shouldnt surprise anybody - RBNZ Governor Graeme Wheelers speech two weeks ago included a dress rehearsal for the OCR Review.As...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects