US shutdown and debt ceiling issues could derail the Fed

Sep 27, 2015 22:17 pm UTC| Commentary Central Banks

The current US budget expires on 30 September and three possible scenarios loom. In the best case, a new budget is agreed running until 30 September 2015. More likely, however, is that a continuing resolution will be...

New Zealanders’ confidence in the labour market has continued to slide

Sep 27, 2015 21:45 pm UTC| Commentary

New Zealanders confidence in the labour market has continued to slide, with the Westpac McDermott Miller Employment Confidence Index dropping to 99.3 in the September quarter. Thats the lowest level since main concern for...

Canadian economy is headed for a slower end of the quarter

Sep 27, 2015 21:35 pm UTC| Commentary Economy

The Canadian economy is headed for a slower end of the quarter, as indicated by disappointing July wholesale trade and retail sales. The mixed signals regarding the resilience of the Canadian consumer put into doubt how...

NJA: USDAsia uptrend resumes after temporary pullback

Sep 27, 2015 21:20 pm UTC| Commentary

China growth concerns, weak risk sentiment, approaching Fed policy normalization and increasingly dovish regional central banks are likely to keep the USDAsia uptrend intact. Korea and Taiwan are particularly vulnerable...

MXN: Oil reform implementation and FX commission in focus

Sep 27, 2015 21:04 pm UTC| Commentary

September 30 will be a very important day for MXN. First, the results of the first tender for extraction in shallow water should be announced. Although this is the second tender (the first was in exploration), this one...

China PMI likely to reinforce downward pressure on AUD

Sep 27, 2015 20:53 pm UTC| Commentary

Australia building approvals have run ahead of private-sector measures of housing activity over recent months, and a 3% correction is expected in July. Although leading indicators are pointing to a broad peak in housing...

Euro area data this week to highlight the problem faced by the ECB

Sep 27, 2015 20:43 pm UTC| Commentary Central Banks

Euro area data this week are likely to highlight the problem faced by the ECB. The economic activity is not high enough to generate sufficient inflation pressure for it to achieve its price stability objective. Consensus...