Collapse in scrap imports is a clear positive for China’s primary copper
Apr 08, 2015 01:52 am UTC| Commentary
The most telling component of the recent monthly China copper data was the collapse in scrap imports in February to a five-year low and the second lowest level in the past 10 years .This data point is significant because...
Impact of RBI policy rate decision on the market
Apr 08, 2015 00:32 am UTC| Commentary
Although the RBI maintained status quo on policy rates in line with market expectations, the absence of liquidity easing measures and uncertainty over the timing of the next rate cut disappointed the market. In response to...
RBI policy announcement ;FX market implications
Apr 07, 2015 23:39 pm UTC| Commentary
Standard Chartered notes : We expect a limited impact on USD-INR, as the RBI policy announcement was largely in line with market expectations. Interestingly, the policy highlighted the negative impact of INR real...
RBI maintains status quo on policy rates, further rate cuts are still likely
Apr 07, 2015 23:25 pm UTC| Commentary
It did not come as a surprise that the Reserve Bank of India (RBI) maintained status quo on rates in its policy meeting today. The repo rate was kept on hold at 7.50%. This does not indicate an end to monetary policy...
USD/CAD remains 50pips below the level
Apr 07, 2015 22:48 pm UTC| Commentary
USD/CAD remains 50pips below the level ahead of the payrolls release and CAD is the only G10 currency that has not fully reversed gains on the back of that release.WTI extending yesterdays gains to the highest level in a...
BoJ to keep target for annual growth unchanged
Apr 07, 2015 22:13 pm UTC| Commentary
Economists universally expect the BoJ to keep its target for annual growth in the monetary base unchanged at JPY80trn at todays policy announcement.There is some discussion in the local media, however, that last weeks...
US Trilogy of Yellen-Fischer-Dudley speeches make minutes look old
Apr 07, 2015 21:53 pm UTC| Commentary
The minutes of the 17-18 March FOMC meeting will be released at 14:00 ET on Wednesday. The March statement no longer referred to a "prudent" stance, but the growth forecast downgrades, the lower dot plot trajectory, and...
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