BoT on hold and signalling greater comfort with THB
Jun 10, 2015 10:21 am UTC| Commentary
The Bank of Thailand kept its policy rate unchanged at 1.50%, as was widely expected, in the first unanimous decision since September last year. This followed the first back-to-back easing in policy in March and April...
Jun 10, 2015 10:16 am UTC| Commentary
Norges Bank will cut rates. Core inflation in May came in at 2.4 % y/y. Consensus forecast was 2.3% while Nordea was 2.5%, notes Nordea Bank.Todays figure was much as we had expected. Year on year growth on air fares went...
Record-high rainfall in May negatively impact US winter wheat plants
Jun 10, 2015 10:00 am UTC| Commentary
May saw the most rainfall of any month in the US since records began in 1895, according to the US weather authority NOAA. Particularly in the wheat-growing areas of Texas, Oklahoma, Colorado and Kansas, rainfall was well...
Outbreak of bird flu in the US could significantly weigh on demand for poultry feed
Jun 10, 2015 09:55 am UTC| Commentary
The ongoing wave of bird flu in the US could put a minor dampener on prices for soybeans, corn and wheat. According to government authorities, poultry in Michigan has now also tested positive for the pathogen H5N2. 21...
Greek debt crisis should support gold price
Jun 10, 2015 09:51 am UTC| Commentary
After gold failed to profit from the weak US dollar the day before yesterday, it successfully bucked the again firmer US currency yesterday and this morning is trading at a good $1,185 per troy ounce. The price evidently...
US oil production likely to decline
Jun 10, 2015 09:44 am UTC| Commentary
Oil prices climbed by 3.5% yesterday and continued to rise in the early hours of this morning. At its peak, Brent was trading at $66 per barrel, while WTI reached a good $61 per barrel. There were hardly any real reasons...
India's SIGMA signal remains bearish; remain Positive on IGBs
Jun 10, 2015 07:54 am UTC| Commentary
The India Government Bond (IGB) positioning indicator (SIGMA) for May remained at -5.00, unchanged from Aprils level, providing a bearish signal for duration in June.According to Standard Chartereds scale, -5.00 indicates...