Indonesia’s exports continue to decline

Jun 24, 2015 07:28 am UTC| Commentary

While the quality of Indonesias export data has varied, the data itself provides a good gauge of the trend. The Ministry of Energy and Mineral Resources early-June statement noted the 2015 production target of 425mt, of...

Indonesia’s domestic demand remains lacklustre

Jun 24, 2015 07:26 am UTC| Commentary

The DMO guarantees supply availability to domestic power and coal-dependent industries.Indonesias Ministry of Energy and Mineral Resources recently revised the DMO for 2015 to 92mt from 110mt due to delays at power-plant...

FX Market Review

Jun 24, 2015 07:05 am UTC| Commentary

EUR/USD: 1.1155 - 1.1209 overnight range. Spot pops back over 1.12 in Asia before IFO and Greece meetings. Beware of another break lower if equities extend gains (inverse correlation spot/stocks). 2wk EUR puts/USD calls...

Hungary's policy rate may lower to 1.4%

Jun 24, 2015 06:58 am UTC| Commentary

Central bank of Hungary cut its banchmark rate from 1.65% to 1.5% yeasterday. Based on the rate cut, Commerzbank lower the policy rate forecast from 1.5% to 1.4%.The state-ment pointed at the possibility of a further small...

Taiwan CBC is unlikely to react to the temporary weakness

Jun 24, 2015 06:37 am UTC| Commentary

The Taiwan DGBAS lowered its official forecast for Taiwans 2015 GDP growth to 3.28% yoy in May. That said, even after downgrading, the estimated 2015 growth rate is still stronger than actual GDP growth in 2012 and 2013,...

Mexico's inflation bottomed but likely to stay near Banxico’s target this year

Jun 24, 2015 06:16 am UTC| Commentary

Inflation slipped below 3.0% in May (actually 2.9% yoy) for the first time in a decade as core inflation remained at its lowest level ever at 2.3% and food prices fell further. Both these factors have bottomed and expectd...

Mexico's growth slipped further in April to 2.1% yoy despite monthly gain

Jun 24, 2015 06:05 am UTC| Commentary

April industrial production growth (1.1% yoy and -0.1% mom on a seasonally-adjusted basis) suggests overall growth slipped further in April to 2.1% yoy. The economy likely grew nearly 0.7% mom and, assuming some...