Chinese Reminbi regime change, US fiscal standoff
Sep 29, 2015 03:42 am UTC| Commentary Central Banks
There are two specific political/policy uncertainties which could serve as another deterrent for the Fed, even if the data evolves as expected. In China, the uncertainty around the RMB is an important risk factor. PBoC is...
US domestic strength to outweigh external weakness
Sep 29, 2015 03:33 am UTC| Commentary
US Fed will want to see confirmation that the slowdown in China had no material spill-over effects, either via the dollar, commodity prices or broader financial conditions. This is likely the case before year-end. The...
China's growth outlook likely supports Fed 's December lift-off
Sep 29, 2015 03:28 am UTC| Commentary Central Banks
When the reliability of Chinese indicators is qustioned to Fed, a 2013 Economic Letter from the San Francisco Fed1 compared the official GDP data with several alternative indicators constructed from high-frequency data...
Aussie approaches 6-yr low on risk aversion
Sep 29, 2015 03:11 am UTC| Commentary
Currency markets continued to display signs of risk aversion on Tuesday, with safe havens including the yen rising and riskier currencies including the Australian dollar and New Zealand dollar sliding. Stock markets in...
U.S. data dependency now includes Chinese data
Sep 29, 2015 03:10 am UTC| Commentary
US FOMCs heavy emphasis on international risks has had two important market implications. First, by implicitly broadening the definition of data dependency, it hasincreased uncertainty surrounding the rate outlook in the...
Sep 29, 2015 02:54 am UTC| Commentary
A risk-off tone dominated market sentiment overnight, sending commodities and share prices lower, while boosting safe havens including the yen. Despite being a quiet day on the data calendar, there was plenty of action...
Risk aversion is back in FX market
Sep 29, 2015 02:52 am UTC| Commentary
Risk aversion is back. After two attempts to climb higher on 24-25 Sep, AUD/ JPY fell to 83.80 yesterday, its lowest close since 7 Sep. Both AUD/USD and USD/ JPY closed below their psychological levels at 0.70 and 120...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects