USD-CAD expected reach 1.30 by end-Q2
Apr 15, 2015 00:44 am UTC| Commentary
FX markets rapidly priced in the economic impact of lower oil prices after the BoCs surprise January move. Since then USD-CAD has been largely range-bound, trading within 1.2350-1.2835.The failure of fundamental data to...
BoC may remain open to cutting rates further
Apr 15, 2015 00:22 am UTC| Commentary
The data has been relatively resilient lately, and the BoC will want to wait for more evidence the economy is weakening further before cutting rates again.The March jobs report was better than expected even if the details...
Bank of Canada may stay put at its April meeting
Apr 14, 2015 23:51 pm UTC| Commentary
The Bank of Canada releases its policy decision at 10:00 ET on Wednesday, alongside its quarterly monetary policy report."We think the overnight lending rate will be kept at 0.75%, as all analysts polled by Bloomberg also...
Philippines remittance growth likely rebounded
Apr 14, 2015 23:30 pm UTC| Commentary
The Philippines will release February remittance data on 15 April. The growth in overseas workers remittances is expected to have rebounded to 4.5% y/y from 0.5% in January due to fewer holidays in February than...
Australian March unemployment rate to remain unchanged
Apr 14, 2015 23:20 pm UTC| Commentary
Australia will release March labour-market data on 16 April. A moderate job creation of 15,500 jobs is expected, following 15,600 created in February.The unemployment and participation rates likely remained unchanged at...
South Korea's Sewol ferry disaster, one year on
Apr 14, 2015 22:32 pm UTC| Commentary
16 April marks one year since the Sewol ferry disaster in South Korea. In Q1-2014 - prior to the Sewol accident - the Korean economy expanded 3.9% y/y and the outlook was upbeat, with annual growth forecast above...
BoC policy rate to be left unchanged
Apr 14, 2015 22:13 pm UTC| Commentary
Tonight we get the BoC policy decision and MPR. The policy rate should be left unchanged at 0.75%, as widelyexpected (14/14 economists as per Bloomberg, and only ~2bps priced in), which should leave the focus on forecasts...
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