Jul 01, 2015 07:58 am UTC| Commentary
The front-end rallied following the dovish June FOMC meeting. The primary trigger was the downward shift in the 2015 funds rate projections with 5 members now expecting only one hike this year, and now is only pricing in...
Sustained increase in gold price unlikely
Jul 01, 2015 07:40 am UTC| Commentary
Gold continues to trade in a comparatively tight range around $1,200/oz.The supply and demand models suggest that price support around this level can be justified as jewellery demand manages to absorb mine and scrap...
Oil prices kept close link to EUR
Jul 01, 2015 07:21 am UTC| Commentary
Global crude oil prices and the DXY have tracked each other during the last 12 months, as the strong dollar exacerbated the downward move in oil prices. Brent oil prices measured in a DXY basket have only declined 30%...
Taiwan CBC unlikely to hike rates
Jul 01, 2015 07:15 am UTC| Commentary
Taiwans rate normalization will probably lag the Federal Reserves move if the domestic inflation outlook remains modest. As the CBC sees 2015 inflation at 0.1% yoy, lower than average inflation in the past five years, the...
Fed's FOMC indicates rate hike
Jul 01, 2015 07:13 am UTC| Commentary
FOMC Vice Chair Stanley Fisher states economic line of thought an economic recovery will automatically be followed by a rise in inflation. Based on the Fishers statement the implication of rate hike in US is clear, says...
Singapore maintaining weak appreciation policy
Jul 01, 2015 07:06 am UTC| Commentary
The Monetary Authority of Singapore is likely to maintain its current weak S$NEER appreciation policy at its next scheduled meeting in October.Inflationary pressures are largely absent, but the MAS remains concerned about...
Philippines' REER close to its all-time highs
Jul 01, 2015 06:58 am UTC| Commentary
According to the medium-term FX Compass valuation model, PHP appears to be one of Asias most undervalued currencies at -27% against the USD, in order to be consistent with its sustainable current account position. However,...
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