China's SAFE data shows FX demand, but stability still favoured
May 19, 2015 22:06 pm UTC| Commentary
Chinas FX purchase figures released by the State Administration of Foreign Exchange (SAFE) show that onshore banks net bought USD 17.3bn of foreign currency for themselves and their clients in April.This is lower than the...
US Housing starts very firm in the April report
May 19, 2015 21:36 pm UTC| Commentary
Housing starts were very firm in the April report (1143K vs. est. 1064K), marking a strong bounce after pent up activity through a difficult winter.As the US strategists point out, whats also important is that this lift...
UK inflation came in softer than expected
May 19, 2015 21:25 pm UTC| Commentary
United Kingdom inflation came in softer than expected.Headline prices fell 0.1% y/y (cons: 0.0%y/y) - the first time CPI has fallen over the year since official records began in 1996.The core reading was similarly weak at...
May 19, 2015 20:46 pm UTC| Commentary
Westpac Research notes:US 10yr treasury yields rose from 2.18% to 2.30%, most of it following the housing data. The 2yr yield rose from 0.55% to...
May 19, 2015 20:45 pm UTC| Commentary
Westpac Research notes:Australian 3yr government bond yields followed suit and rose from 2.09% to 2.15% while the 10yr yield rose from 2.90% to...
May 19, 2015 20:43 pm UTC| Commentary
Westpac Research notes:AUD/NZD 1 day: A sharp reversal yesterday following the surprisingly resilient NZ inflation expectations surveys. A corrective pullback to at least 1.0730 is in order.AUD/NZD 1-3 month: The RBA will...
May 19, 2015 20:43 pm UTC| Commentary
Westpac Research notes:NZD/USD 1 day: Starting to resume its multi-week decline, targeting 0.7320 next.NZD/USD 1-3 month: Multi-month, we expect the US dollar uptrend to resume with stronger US data in Q2 and Q3 and...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects