Currency War Series

CBRT likely to begin policy simplification after April

Feb 03, 2016 07:14 am UTC| Commentary Central Banks

CBRT Governor Bascis speech indicated that the central bank does not plan to begin its simplification process in the near term. According to Basci, under the present scenario of volatility, the flexibility given by the...

Moderate U.S. vehicle sales growth suggests stronger consumption growth in early Q1

Feb 03, 2016 06:39 am UTC| Commentary

US light weight vehicle sales for January reached 17.46mn units, according to WardsAuto data and BEA seasonal adjustment factors. The print was moderately more than Barclays forecast of 17.1mn and consensus expectations of...

Guide to today’s important data and events

Feb 03, 2016 06:21 am UTC| Commentary

Lot of economic dockets be released today and some with high risks associated. Data released so far Australia - Australia building permits rose 9.2% in December, but down -2.5% from a year ago. Trade balance for...

US December real personal spending rises but inflationary pressures remain weak

Feb 03, 2016 06:06 am UTC| Commentary

US December real personal spending rose 0.1% m/m after an upwardly revised 0.4% m/m rise in November. The December personal income and spending implies that US Q1 2016 real GDP growth outlook is positive; however, lack of...

Australia’s trade deficit widens to $3.5bn in December

Feb 03, 2016 05:23 am UTC| Commentary Economy

Australias imports declined 1.5% in December. Imports of intermediate goods fell 4.3%, capital goods by 3.2%, consumption goods 0.7%, whereas services imports were up 1.5% and gold was up 0.1bn. The AUD appreciated 1.5% on...

New Zealand jobless rate drops in Q4, but labor participation declines sharply

Feb 03, 2016 04:59 am UTC| Commentary

New Zealands jobless rate declined in Q4 to 5.3% from 6%, in contrary to market expectations of a slight rise in the unemployment rate. In Q4, employment in New Zealand rose 0.9%; however, there was a sharp decline in...

Asian stocks fall, Japanese yen higher on safe haven appeal

Feb 03, 2016 03:43 am UTC| Commentary

All the Asian markets trading in red as lack of confidence prevails in global markets. Market sentiment was damaged after oil prices fell more than 3% overnight. Japans benchmark Nikkei 225 index fell 3.35% to 17,155.53...