Australia's Q1 inflation likely lower at 1.3% y/y

Apr 20, 2015 22:32 pm UTC| Commentary

Australia is scheduled to release Q1-2015 CPI data on 22 April. Headline CPI inflation is expected to have fallen mildly to 1.3% y/y (0.2% q/q).Trimmed mean inflation likely dropped moderately as well, both on slowing...

RBA Minutes, the highlight today

Apr 20, 2015 22:23 pm UTC| Commentary

The RBA Minutes are the highlight today, and there is little else on the calendar. Recall that the message from the April RBA meeting contained a clear easing bias, so the focus for todays Minutes will be on any clarity...

Risk of the first US rate hike being pushed out to Q4 has increased

Apr 20, 2015 18:51 pm UTC| Commentary

Further signs that US economic activity weakened in Q1 and the increasing likelihood that the start of policy tightening will be delayed until at least September have resulted in a fall in the US dollar over the past month...

Fall in US shale output likely to deepen in May

Apr 20, 2015 18:25 pm UTC| Commentary

The EIAs monthly Drilling Productivity Report projected that m/m output in the six main shale oil areas would fall by 57 thousand barrels per day (kb/d) in May. It also revised April output to a 2kb/d m/m fall from a small...

US crude oil inventories show early signs of stabilisation

Apr 20, 2015 18:15 pm UTC| Commentary

The EIAs Weekly Petroleum Status Report provided further fuel for a market rally based on a turn in US crude output. The report showed that total output decline by 20kb/d w/w to 9.384mb/d, the second decline in the past...

Gold price treading water despite escalation in Greece crisis

Apr 20, 2015 17:37 pm UTC| Commentary

The price of gold has dipped below $1,200 per ounce again today, prompting some to ask whether a further escalation of the crisis in Greece would provide much support to the precious metal after all.The relatively...

USD review

Apr 20, 2015 16:51 pm UTC| Commentary

The US dollar is trading close to 2-week lows against a basket of currencies after largely disappointing US economic data last week encouraged more traders cut their USD long positions.However, Fridays US inflation data...