Global coffee exports in 2014/15 down to five year low
Nov 04, 2015 12:16 pm UTC| Commentary
Arabica coffee is currently unable to make any significant price gains. Minor upward movements are quickly corrected again, and Arabica is now priced at around 120 US cents per pound again.The dominant subject on the...
Gold price down to 4.5-week low
Nov 04, 2015 12:04 pm UTC| Commentary
Under pressure from a firm US dollar and rising equity markets around the world, gold price dropped to a 4½-week low of $1,115 per troy ounce for a time yesterday. Furthermore, outflows from ETFs were seen for the...
U.K. October services PMI shows upside surprise
Nov 04, 2015 11:57 am UTC| Commentary
U.K. services headline PMI for October posted more than expectation, coming in at 54.9, up by 1.6 points from 53.3 in September. The headline index for the country rose for the first time since June, recovering after a...
Oil price surge justified by production outages?
Nov 04, 2015 10:59 am UTC| Commentary
Oil prices rose yesterday despite the strong USD, Brent climbing above $50 per barrel again for the first time since mid-October. In the current rather negative environment, every small news is likely to justify the surge...
Switzerland's headline CPI still lagging core CPI
Nov 04, 2015 10:10 am UTC| Commentary
SNB is weighed on by the rate cut expectations from ECB in December. The bank is pressurized to intervene in CHFs appreciation. USD/CHF is currently at 0.9916, while EUR/CHF is at 1.0849.As per Swiss Federal Statistical...
BoJ more concerned about direction than speed of inflation
Nov 04, 2015 09:49 am UTC| Commentary
The BoJ holds monetary policy unchanged on Friday, once again voting 8-1 to continue expanding the monetary base at an annual pace of JPY80trn (16% of GDP; details in this report). Rather than ease further in a bid to...
Bank of Thailand likely to keep rates unchanged through 2016
Nov 04, 2015 09:42 am UTC| Commentary
Bank of Thailands MPC members decided to hold the one-day repo rate at 1.5%. The central bank has cut two times in this year before June which came as surprises to the market in March and April, and now it is on...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects