Hong Kong February export data likely distorted by Lunar New Year holidays
Mar 20, 2015 08:28 am UTC| Commentary
Hong Kong will announce February trade data on 26 March.Standard Chartered notes its forecasts as follows: We forecast export growth at 9.9% y/y, up from 2.8% in January, mainly on last years low base due to the Lunar...
Mar 20, 2015 07:10 am UTC| Commentary
USD/CAD has traded higher in recent weeks despite the pare back of CAD rate cut expectations.The weakness in oil prices and the firmer USD has supported the USD/CAD gains.Today, Canadian CPI and retail sales data will be...
Mar 20, 2015 07:08 am UTC| Commentary
The USD made full recovery pretty much across the board in G10 yesterday, post-FOMC volatility.Illiquid markets coupled with a recovery in short dated US yields helped support the continuation of USD strength.It is...
Sunday elections in Andalusia to fuel fears of political instability in Spain
Mar 20, 2015 06:53 am UTC| Commentary
The 2015 Spanish electoral marathon will start on Sunday in Andalusia: the snap elections in the second-largest region (14% of Spanish GDP) will be followed by elections in 13 out of 15 regions on 24 May (together with...
BCCh likely on hold as downside risk to growth balanced by upside risks to inflation
Mar 20, 2015 06:51 am UTC| Commentary
The BCCh paused in November 2014 after having reduced the overnight rate by a total of 200bp to 3.0% since October 2013.The central banks recent statements have been neutral, reflecting the environment of low growth and...
Chiles' Q4 GDP release leaves near-term outlook looking mixed
Mar 20, 2015 06:47 am UTC| Commentary
Chiles Q4 growth detail was arguably slightly better than the headline number which showed that the economy actually bottomed in Q3 (1.0% yoy) and recovered to growth of 1.8% yoy.The key reason for this is positive - even...

Taiwan's industrial production to slow over the spring festival month
Mar 20, 2015 06:44 am UTC| Commentary
Taiwans industrial production (IP) is likely to have softened to 2.9% yoy in February from 8.1% yoy in January due to the shifting schedule of Lunar New Year.Combining the two month together, growth of industrial output on...