ADP matches expectations, bring rate hike to focus

Aug 31, 2016 12:26 pm UTC| Commentary Economy

Today ADP employment numbers were released from theUS for the month of August. ADP number shows US economy and its labor markets are resilient and the recent momentum loss is stabilizing. There are two things to note...

South Korean exports and imports likely rebounded in August on base effects

Aug 31, 2016 12:21 pm UTC| Commentary

South Korean exports and imports on a year-on-year basis are likely to have rebounded in August, mainly due to base effects. But the value of exports in dollar terms are likely to have dropped to USD 39.5 billion in August...

French consumer spending unexpectedly falls in July

Aug 31, 2016 12:12 pm UTC| Commentary

Consumer spending in France unexpectedly fell during the month of July as households cut back on cars and home furnishing expenditure. Frances Consumer spending fell 0.2 percent month-over-month in July, slower than...

US increasingly left out as new countries join AIIB

Aug 31, 2016 12:10 pm UTC| Commentary

United States remains among the very few major economies of the world that didnt join the Asian Infrastructure Investment Bank (AIIB), a Chinese initiative to rival the role of U.S. lead International Monetary Fund and...

FX Hedging Strategy Series

FxWirePro: WTI price hedging using gamma spreads as EIA’s inventory likely to build up

Aug 31, 2016 12:07 pm UTC| Commentary

On the verge of US crude inventory level checks, WTI crude futures (CL1!) today has continued yesterdays dips from $46.24 to the current $46.03 levels, down about 0.45% ahead of todays US inventory checks, while analysts...

Brazilian Central Bank likely to begin rate cutting cycle later this year

Aug 31, 2016 11:55 am UTC| Commentary Central Banks

The Central Bank of Brazil had hiked its benchmark interest rate in late July 2015 for the last time by 50 basis points to 14.25 percent. Thus Brazil displays considerable positive real interest rates. The central bank has...

Australia’s mining capex plans for FY 2016-17 likely to have fallen 30 pct

Aug 31, 2016 11:40 am UTC| Commentary

Australias capital expenditure by the mining sector is expected to have continued with its rapid decline in the second quarter, based on the maturing of the resource investment boom. But a slower rate of contraction is...