BOJ easing rate side effects – retail traders deprive of JGBs
Feb 03, 2016 12:04 pm UTC| Commentary Central Banks
Bank of Japans (BOJ) newly introduced negative rate has sparked some consequences in Japanese government bond (JGB) issuance. Ministry of Finance, Japan, announced today that due to falling yields, from February 5th, it...
ADP Reports Second Quarter Fiscal 2016 Results
Feb 03, 2016 12:00 pm UTC| Commentary
Worldwide new business bookings grew 15% for the quarter Revenues increased 6% to $2.8 billion, 8% on a constant dollar basis Diluted earnings per share from continuing operations increased 7% to $0.74, adjusted...
Spanish economic activity likely to expand by 0.6% q/q in Q1 16
Feb 03, 2016 11:45 am UTC| Commentary
Italian composite PMIs dropped by 2.2 points at 53.8, with manufacturing output declining to 54.5. The service headline also dropped due to lower new orders. However, improvements were seen in business expectations and...
Robust employment may push Kiwi higher to test 0.69 resistance area
Feb 03, 2016 11:36 am UTC| Commentary
Robust employment was hardly expected from New Zealand, given the economy was facing strong adverse headwinds arising from lower commodity prices such as milk and ill effects of El Nino. After dropping to as low as 5.4% in...
French GDP likely to strengthen in Q1 2016
Feb 03, 2016 11:14 am UTC| Commentary
Germanys manufacturing output declined by 0.9 point to 53.5, with headline services dropping by 1 point to 55.0, slightly higher than the consensus. New business declined from high levels, while outstanding business and...
NZD/USD jumps on upbeat labour market release, sees downtrend in medium term
Feb 03, 2016 10:31 am UTC| Commentary
The New Zealand Dollar was able to appreciate overnight amid continuous risk aversion in the market. The recovery was partly due to upbeat labour market release for the fourth quarter of 2015, and largely due to the speech...
Market now price in no hike from FED in 2016
Feb 03, 2016 10:13 am UTC| Commentary Central Banks
Market participants are now seeing no chance of a hike in 2016, especially as volatility returned in the market. Bank of Japans (BOJ) introduction of negative rates seem to have only paused the selloffs for a day and...
U.S. payrolls exceeded expectations significantly, while the unemployment rate dropps to 4.1%.