Repo and the Reverse Rates likely to lower by 50bp
Mar 10, 2015 04:15 am UTC| Commentary
The recent revisions to historic GDP data have been the source of much confusion, not least within theReserve Bank of India (RBI). The current industrial production series is arguably not much use as a "sense check" of the...
G10 FX consolidates overnight: Standard Chartered
Mar 09, 2015 21:51 pm UTC| Commentary
Consolidation has been the name of the game in G10 FX overnight, despite some bigger moves in EM FX (BRL was down nearly 2% again vs. USD, while KWR was down >1% yesterday). GBP is the marginal top performer and has...
China's export growth likely to fall back sharply this month
Mar 09, 2015 18:55 pm UTC| Commentary
Chinas export growth surged last month, from -3.2% y/y to +48.3%. (Data released on Monday.) Imports remained weak, with the pace of contraction accelerating slightly from 19.7% y/y in January to 20.5%.Capital Economics...
Mar 09, 2015 18:38 pm UTC| Commentary
The jump in Japan Februarys Economy Watchers Survey suggests that economic conditions are improving strongly. (Data released on Monday.)The current conditions component surged from 45.6 in January to 50.1 in February, the...
BoJ will likely announce more easing at its late-April meeting
Mar 09, 2015 18:30 pm UTC| Commentary
According to revised data, Japan GDP expanded by 0.4% q/q (1.5% annualised) last quarter, less than the preliminary estimate of a 0.6% q/q increase. (Data released on Monday.)Admittedly, this was entirely due to a 0.2pp...
Australia getting used to sub-trend growth
Mar 09, 2015 18:17 pm UTC| Commentary
Real GDP growth in Australia was sub-trend in the fourth quarter of 2014, despite household spending, inventories and net exports all contributing.The national accounts release for the December quarter showed that gross...
Asian export growth to see modest export recovery in 2015
Mar 09, 2015 18:11 pm UTC| Commentary
The inventory cycle is one of the best lead indicators for Asian exports, and it is correlated with foreign exchange and equity markets.Latest development in inventory position calls for more patience, in the speed of...
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