UK CPI inflation likely turned negative in April
May 18, 2015 17:28 pm UTC| Commentary
Aprils consumer prices figures (09.30 BST) look set to show that, after holding steady at zero in March, CPI inflation turned negative in April. Admittedly, petrol prices rose by nearly 2% in April.But changes to alcohol,...
Euro-zone trade surplus may have shrunk slightly in March
May 18, 2015 16:43 pm UTC| Commentary
The euro-zone trade surplus (10.00 BST) probably edged lower in March. The seasonally-adjusted trade surplus rose from 21.2bn in January to 22.0bn in February - the second highest level on record.But the country data...
May 18, 2015 16:17 pm UTC| Commentary
The Euro rallied to a 3-month high against the US dollar on Friday after poor US economic data releases. The Euro also continues to benefit from a recent sharp rise in Euro Zone government bond yields.The move in bonds...
May 18, 2015 16:12 pm UTC| Commentary
The US released another batch of weaker-than-expected economic data on Friday, leading more traders to question the outlook for the US dollar over the next 1-3 months. The data showed industrial output shrank 0.3 percent...
May 18, 2015 16:11 pm UTC| Commentary
GBP/USD is down by over 1 percent since reaching 5-month highs last week as some analysts say Sterlings strong post-election rally has run its course. Following the unexpected election result on the night of May 7th,...
May 18, 2015 15:29 pm UTC| Commentary
German Bunds are turning bullish. Evidence points to a top in Bund yields. A break of the 200d and the May-08 low (60bps 51.9bps, respectively) confirm the turn.The corrective narrowing in the US-GER 10yr spread is...
China's CD rates likely to fall further
May 18, 2015 12:31 pm UTC| Commentary
CD offered rates - the de facto benchmark interest rates in the CNH market - have declined sharply. The 1Y CD offered rate is now around 3.3-3.4%, versus a peak of 4.5-4.7% in March."CD rates are expected to fall further,...
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