Taiwan – May trade surplus likely rose as imports fell faster than exports
Jun 04, 2015 21:59 pm UTC| Commentary
Taiwan is scheduled to release the latest trade data on 8 June. The exports are likely dropped 5.25% y/y in May, less than half the 11.7% y/y decline in April.Tech exports were likely supported by steady overseas demand...
Japan – Q1 GDP likely revised higher; C/A balance remained strong
Jun 04, 2015 21:50 pm UTC| Commentary
Japan will release final Q1 GDP data on 8 June. Q1 GDP is expected to be revised slightly higher to 0.7% q/q on a seasonally adjusted basis (2.6% annualised) versus the preliminary reading of 0.6% q/q (2.4% annualised).Q1...
Jun 04, 2015 20:17 pm UTC| Commentary
Westpac Research notes:US 10yr treasury yields fell from 2.42% (eight-month high) to 2.30%. US productivity data for Q1 disappointed, and Fed permanent voter Tarullo was unusually dovish, suggesting some of the Q1 weakness...
Jun 04, 2015 20:16 pm UTC| Commentary
Westpac Research notes:Australian 3yr government bond (futures) yields fell from 2.16% to 2.04% while the 10yr yield fell from 3.10% to...
Jun 04, 2015 20:15 pm UTC| Commentary
Westpac Research notes:AUD/NZD 1 day: Yesterdays sharp fall possibly marks the start of a correction of the rally which started in early April.AUD/NZD 1-3 month: The RBA will probably remain on hold (albeit with easing...
Jun 04, 2015 20:14 pm UTC| Commentary
Westpac Research notes:NZD/USD 1 day: Heading towards the 0.7072 low seen on Monday.NZD/USD 1-3 month: Multi-month, we expect the US dollar uptrend to resume with stronger US data in Q2 and Q3 and therefore expect NZD/USD...
Jun 04, 2015 20:13 pm UTC| Commentary
Westpac Research notes:AUD/USD 1 day: Heading towards the 0.7600 low seen on Monday.AUD/USD 1-3 month: Eventual resumption of the strong US dollar trend should weigh on the AUD during the next few months. The next major...