Oil in Global Economy Series

Crude seems to shrugs off Russian talks with OPEC – target $25 back in on action

Feb 09, 2016 12:31 pm UTC| Insights & Views

Over the past couple of days, every now and then Russia has apparently raised the proposals for a 5% curtail in the production beside OPEC, this advancement has brought in a little relief in crude price over the short term...

Trade War Series

Renminbi Series

CNY devaluation fears adding pressure on EM currency pegs; will it trigger competitive devaluation?

Feb 09, 2016 11:53 am UTC| Insights & Views

China and Japan are the largest economies in Asia and currency movements in these countries are likely to have crucial implications for the whole region. Most Asian currencies are managed floats, but a few pegs remain in...

FxWirePro: WTI crude tests support at neckline of head and shoulder, trend indicators signal downtrend to prolong

Feb 09, 2016 11:48 am UTC| Insights & Views

Price curve has been moving "Head and shoulder pattern" but has tested the neckline support at 29.53 levels. HS with peak at 33.78 and right shoulder at 32.72 and left shoulder at 32.50.Although it seems like this...

FX Hedging Strategy Series

FxWirePro: Brazilian debt to GDP resembles Greece crisis but need not panic, hedge USD/BRL upside risks via bull call spreads

Feb 08, 2016 09:53 am UTC| Insights & Views

Off late retracements in USD versus emerging market currencies looks overdone, but BRL will likely underperform on any risk-off event. We foresee BRL as one of the most vulnerable currencies because of looming...

China Crisis Series

Renminbi Series

Decline in Chinese FX Reserves - No exciting celebration during Chinese New year

Feb 08, 2016 09:14 am UTC| Insights & Views Central Banks

Foreign exchange reserves in China declined $99.5bn to $3.23tn in January of 2016, slightly lower than the monthly fall of $107.9bn in December, which was the biggest on record. The China international reserve number...

Why raising the minimum wage isn't the best way to reduce inequality

Feb 07, 2016 15:58 pm UTC| Insights & Views Economy

Walmart is giving more than one million of its employees a raise later this month as part of a plan that will lift all but its newest hires to at least US$10 an hour. The move, first announced last year, follows an...

Climate Change Series

Will extreme weather events get Americans to act on climate change?

Feb 07, 2016 15:49 pm UTC| Insights & Views Nature

Scientists are drawing a link between climate change and extreme weather events with increasing confidence. An American Meteorological Society report, for example, studied 28 individual weather events occurring in...