Malaysia fuel prices bring down inflation in August

Sep 23, 2015 08:09 am UTC| Commentary

Malaysias inflation receded marginally in August, falling to 3.1% y/y (July: 3.3%), but slightly above our projection and the consensus forecast of 3.0%. The movements in inflation recently have largely been driven by fuel...

ECB's QE unlikely to end before September 2016

Sep 23, 2015 07:50 am UTC| Commentary

ECB policy makers indicate that the ECB could expand the asset purchases."The central banks QE will go on beyond September 2016 because inflation is unlikely to be close enough to the ECBs target by then. Inflation will...

Retail sales support CAD short-term

Sep 23, 2015 07:18 am UTC| Commentary

Canada in recovery mode! The recession seen in the first half is likely to be over. Finally strong domestic demand and demand from the important neighbour the US seems to be over compensating for the dampening effect of...

USD comeback as ultimate safe haven

Sep 23, 2015 07:13 am UTC| Commentary

According to the G10 factor model the past few days were dominated by risk off and the US dollar increasingly benefits from that sentiment. That had not yet been the case in mid-August when first the depreciation of the...

Weak BRL and monetary policy easing to help Brazil economy to stabilise in 2016

Sep 23, 2015 07:13 am UTC| Commentary

Brazils economic and political situation has deteriorated since June. The economy has entered into recession with a sharp contraction in GDP of 1.9% q/q in Q2 and a downward revision of the Q1 GDP figure.The unexpected...

USD-CNH spikes up on weak PMI figures

Sep 23, 2015 07:07 am UTC| Commentary

Chinas Caixin manufacturing PMI, an indicator based on a sample of private companies, dropped to 47.0 in September, much lower than market expectation of 47.5.Notably, this market-sensitive index has remained below the...

Speculation about €QE expansion put EUR under pressure

Sep 23, 2015 07:05 am UTC| Commentary

A number of central bankers speeches and the euro zone PMI are likely to provide some insight today on whether ECB is going to ease its monetary policy again. In the end it all centres on the question to what extent the...