Still-low core PCE inflation supports the Fed’s patient stance
Jun 24, 2015 21:53 pm UTC| Commentary
Core PCE inflation (Thursday, 08:30 ET) is expected to be up 0.1% m/m, (in line with the consensus view) from 0.1% in April, which would translate in a 1.2% y/y print, unchanged from April.San Francisco Fed President...
Singapore's industrial production is expected to have stabilised in May
Jun 24, 2015 21:33 pm UTC| Commentary
Singapore will release May industrial production data on 26 June. Industrial production is expected to have stabilised, contracting just 2.1% y/y, versus the 8.7% y/y fall in April.Singapores PMI returned to a mild...
Taiwan central bank to maintain a pro-growth monetary policy stance in June
Jun 24, 2015 21:24 pm UTC| Commentary
The Taiwan central bank (CBC) is scheduled to hold its next quarterly Monetary Policy Committee (MPC) meeting on 25 June. Policy makers are expected to keep the policy re-discount rate unchanged at 1.875% for a 17th...
Jun 24, 2015 20:14 pm UTC| Commentary
Westpac Research notes:Australian 3yr government bond (futures) yields followed the US, slipping from 2.12% to 2.07%, while the 10yr fell from 3.14% to...
Jun 24, 2015 20:13 pm UTC| Commentary
Westpac Research notes:US 10yr treasury yields initially rose to2.41% after Q1 GDP was revised higher (as expected) but then fell to 2.36%. A 5yr auction disappointed, awarded at 1bp above pre-auction market...
Jun 24, 2015 20:12 pm UTC| Commentary
Westpac Research notes:AUD/NZD 1 day: The abrupt reversal overnight confirmed 1.1300 as a major obstacle.AUD/NZD 1-3 month: The RBA will probably remain on hold (albeit with easing risk), while the RBNZ is currently in...
Jun 24, 2015 20:11 pm UTC| Commentary
Westpac Research notes:NZD/USD 1 day: Profit-taking appeared to set in overnight, suggesting 0.6815 is a base for now.NZD/USD 1-3 month: Our immediate target is 0.6795, being the major low formed in July 2010. Below that...