RBA monetary policy: Assessing the bias

Feb 02, 2016 07:21 am UTC| Commentary Central Banks

Reserve Bank of Australia (RBA), decided to keep policy unchanged and keep interest rate at 2%. RBAs decision has failed to give support to Aussie, which is down -0.5% for the day due to relative dovish communications....

Germany’s jobless likely dropped in January, labor market likely to moderate

Feb 02, 2016 07:09 am UTC| Commentary

Germanys number of unemployed people is likely to have declined 12,000 in January after a drop of 14,000 in December. Even if the PMI employment survey dropped slightly in January, it continues to be a high level of nearly...

Guide to today’s important data and events

Feb 02, 2016 06:51 am UTC| Commentary

Lot of economic dockets be released today and some with high risks associated. Data released so far Australia - RBA kept policy steady with interest rate at 2%. New Zealand - ANZ commodity prices dropped...

Currency War Series

RBI keeps repo rate on hold, unlikely to change in 2016

Feb 02, 2016 06:47 am UTC| Commentary Central Banks

The Reserve Bank of India today kept its interest rate unchanged at 6.75%. The consensus forecasts the central bank to lose modestly later in 2016; however, according to Capital Economics, the RBI is likely to keep its...

UK’s manufacturing PMI rises to 52.9 in January

Feb 02, 2016 06:22 am UTC| Commentary

UKs headline manufacturing PMI for January rose 0.8 points to 52.9, on par with Barclays forecast, from an upwardly revised 52.1 in December. Manufacturing output recorded the sharpest acceleration since 2014. Moreover,...

US January ISM manufacturing index rises slightly, tentative signs of rebound in index

Feb 02, 2016 05:54 am UTC| Commentary

The US January ISM manufacturing index rose a bit to 48.2 from 48 in December. The index continued to remain in contractionary territory for the third consecutive month. The manufacturing sector is expected to continue to...

Currency War Series

RBA keeps cash rate on hold, future rate decision to depend on market volatility and labor market

Feb 02, 2016 05:14 am UTC| Commentary Central Banks

The Reserve Bank of Australia kept the cash rate unchanged at 2%, on par with expectations. The central bank Governor stated that the future decisions on the interest rate will depend on two main factors; if the recent...