May 14, 2015 15:04 pm UTC| Commentary
The USD Dollar Index traded a low of 93.133 which is the lowest since 22nd of Jan this year. It is down 7.8% from the 12 year high of 100.39 traded on March 13 earlier this year. The main driver of this US Dollar move has...
May 14, 2015 15:03 pm UTC| Commentary
The Canadian Dollar was another beneficiary of the strong US Dollar trading levels which were last traded in Mid-Jan this year.Strong Crude Oil prices made it a double whammy for the Canadian Dollar. With WTI trading over...
May 14, 2015 15:02 pm UTC| Commentary
The Euro also benefited from the weakness in the US Dollar and surged to highs not traded since middle of Feb. German Bund yields continued to trade in a volatile range and tested intraday lows yesterday before resuming...
May 14, 2015 15:00 pm UTC| Commentary
The weakness in US Dollar sent the Pound to highs not traded since November last year. The Sterling Pound is now up 8.6% from the low it traded April 13, just a month back. The move was a combination of better than...
US PPI undershoots, strong dollar appears to have played only a minor role
May 14, 2015 14:46 pm UTC| Commentary
The 0.4% m/m decline in final demand producer prices in April, which pushed the annual PPI inflation rate down to -1.3%, from -0.8%, does not mean that the risk of a deflationary spiral is rising. The weakness was due to...
China's debt restructuring not a panacea
May 14, 2015 13:31 pm UTC| Commentary
Chinese policymakers will soon announce the guidance for the local government debt-to-bond swap programme. According to the Bloomberg, the plan will suggest that alarge portion of Chinas debt-to-bond swap programme will be...
China must easy its fiscal policy
May 14, 2015 13:26 pm UTC| Commentary
Chinas IP growth recovered from 5.6% yoy in March to 5.9% yoy in April (consensus: 6%; SG: 5.8%). The seasonally adjusted mom rate bounced back by a reasonable degree from 0.3% to 0.6%. Export growth showed a similar...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects