Will Emerging Markets benefit from a cautious Fed?
Feb 03, 2016 15:15 pm UTC| Commentary Central Banks Economy
The Fed is likely to tighten monetary policy only by as much as markets allow without major turmoil. The FOMC statement showed that the Fed takes the financial market turmoil and the development in China and other emerging...
China’s foreign reserve data likely catalyst for next CNY move
Feb 03, 2016 15:05 pm UTC| Commentary Central Banks
Chinas foreign reserve data to be released on Chinese New Year Eve is likely to be the catalyst for the next CNY move. If there is another big drop in the reserves, the market could speculate more depreciation in Chinese...
Wheeler's comments to support NZD in the short-term
Feb 03, 2016 14:55 pm UTC| Commentary Central Banks
NZD saw handsome gains overnight, and this despite continued risk aversion! Decent Q4 labour market data which recorded a surprise fall of the unemployment rate from 6.0% to 5.3% was one of the reasons. But the main reason...
API reports surplus, while WTI awaits EIA report – calls updated
Feb 03, 2016 13:34 pm UTC| Commentary
WTIs last week rally got halted around $34.7/barrel and price again declined below $30/barrel to trade as low as $29.4/barrel. WTI is currently trading at $30.2/barrel. Key factors at play in Crude market OPEC...
ADP report shows US labour market remains resilient despite volatility and economic slowdown
Feb 03, 2016 13:29 pm UTC| Commentary
Today ADP employment numbers were released from US for the month of January. ADP number shows US economy and its labour markets are quite robust, in spite of global economic slowdown. There are two things to note...
Feb 03, 2016 12:38 pm UTC| Commentary
ADP employment data to be released at 13:15 GMT is todays most vital dockets from US to be watched by market participants. This is report is for January, at time of heavy market turmoil. What is ADP...
UK’s economic growth to slow to 1.9% in 2016
Feb 03, 2016 12:10 pm UTC| Commentary Economy
UK composite PMI posted strong results in January. It grew by 0.8pts to 56.1, as manufacturing output increased by 4.1pts to 58.6, recording its highest level since June 2014. The services PMI output also edged up by 0.1pt...
U.S. payrolls exceeded expectations significantly, while the unemployment rate dropps to 4.1%.