1-3 Month Outlook of US Dollar – Renewed upside momentum
Jun 04, 2015 07:33 am UTC| Commentary
As the focus has shifted from the weakness of the US economy in Q1, to the strength of the rebound in Q2, so the bullish-USD trend started to reassert itself in late-May and DXY has retraced more than half of the losses...
BCB hikes 50 bps to 13.75% as expected
Jun 04, 2015 07:12 am UTC| Commentary
The Brazilian real ended the day virtually unchanged vs. the USD in the run-off from the COPOM meeting rate decision at USD-BRL 3.13. Late last night, the COPOM (Brazilian central bank) hiked the Selic rate by 50 bps to...
Record trade deficit in Australia
Jun 04, 2015 07:00 am UTC| Commentary
The Australian trade balance data for April provided a considerable surprise. The deficit reached the highest level ever reached in Australia (3.89bn. A$). The effect came from both directions: exports collapsed by 6%...
Jun 04, 2015 06:55 am UTC| Commentary
The reason for the strong reaction in EUR-USD is more likely to be the bond market. It was sufficient that Draghi did not find any reasons to use concerned words. Clearly euro zone bonds were already under so much pressure...
Taiwan's core CPI inflation to weaken further in May
Jun 04, 2015 06:41 am UTC| Commentary
Taiwans headline CPI inflation probably remained negative at -0.8% yoy in May, unchanged from April. A strong negative base effect was mainly to blame. In mom terms, food price inflation is likely to soften on lower...
Jun 04, 2015 05:59 am UTC| Commentary
The euro (EUR) rallied more than 1bps against the US dollar (USD) on a virtually unchanged policy statement and a QA session in which Draghi noted that the ECB could add to the set of current of policies if there was an...
Evidence of the effects of ECB action
Jun 04, 2015 05:42 am UTC| Commentary
Across the euro area access to finance is no longer a pressing problem for SMEs. A bi-annual survey of euro-area enterprises access to finance conducted by the ECB from October 2014 to March 2015 found that Finding...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects