Jun 03, 2016 12:01 pm UTC| Insights & Views
We remain bearish on a trend basis. We forecast the gold spot price to average $1,150/oz during Q4 2016 and $1,050/oz during 2017. The strong gold rally during the first four months of this year was driven largely by...
FxWirePro: How do you tone down divergence between MXN and crude oil?
Jun 03, 2016 11:41 am UTC| Insights & Views
The connection between crude oil prices and EM currencies has been elevated over the past few years, but the relationship is starting to significantly weaken. It is quite likely that the oil-FX correlation continues to...
Overall Chinese business activity growth weakens for the second month in a row in May
Jun 03, 2016 11:39 am UTC| Insights & Views
May survey data indicated that overall Chinese business activity growth weakened for the second month in a row. Official purchasing managers indices tracking activity in Chinas manufacturing and non-manufacturing sectors...
Jun 03, 2016 10:43 am UTC| Insights & Views
We do not believe TRY will trade back below 2.85 going forward in long run despite some momentary dips. Inflation differentials alone would take fair value to well above 3.00. Moreover the ongoing support from the EU on...
Jun 03, 2016 10:03 am UTC| Insights & Views
The Q1 GDP and April fiscal releases this week managed to surprise us to the upside. As such, we see some upside risk to growth and fiscal forecasts. The Brazilian economy shrank 0.3% in Q1 of 2016, following a...
How G7 can boost the global economy
Jun 03, 2016 08:30 am UTC| Insights & Views
The big economic issue on the agenda at the G7 is the continued sluggish growth of the global economy. While the group of seven major advanced countries does not include rising powers such as India and China, it still...
Does government spending on education promote economic growth?
Jun 03, 2016 08:24 am UTC| Insights & Views Economy
Economic growth is driven by new ideas, by discoveries that result in better products and more efficient production technologies. Human capital is the engine of this process: a better educated labour force increases the...
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