US real GDP likely expanded 0.5% in Q4

Jan 29, 2016 07:17 am UTC| Commentary

The Q4 real GDP of the US is expected to have grown at an annualised rate of just 0.5%, as compared with 2% in the summer and 3.9% in the spring. The slowdown is likely due to decelerations in inflation-adjusted consumer...

FxWirePro: GBP/JPY – short term outlook – 180 in sight

Jan 29, 2016 06:33 am UTC| Commentary

Todays unexpected action from Bank of Japan (BOJ), which introduced negative rates on deposits to be effective from 16th February, has shaken up the market mood totally. We, at FxWirePro, are still in the downside...

Currency War Series

RBA likely to keep interest rate unchanged

Jan 29, 2016 06:30 am UTC| Commentary Central Banks

The Reserve Bank of Australia is expected to keep the cash rate unchanged at 2% on 2 February. Markets are also expecting the central bank to hold rates, with the likelihood of a move close to zero. In February 2015, the...

Daily Economic Outlook—Jan 29

Jan 29, 2016 05:40 am UTC| Commentary

The first estimate of US Q4 GDP that is due to be released today is likely to indicate a noticeable slowdown from Q3s annualised growth of 2%. The US economy is expected to have expanded 1.2% in Q4. Several factors are...

US January unemployment rate likely to be at 4.9%

Jan 29, 2016 05:22 am UTC| Commentary

The US is expected to have recorded a solid gain of 210,000 in non-farm payrolls in January that might cut the jobless rate to 4.9%, which will be on par with the US Feds median estimate of the long run equilibrium rate....

Taiwan’s GDP likely to expand 2% in 2016, 3% in 2017

Jan 29, 2016 04:42 am UTC| Commentary

Taiwans Q4 GDP shrank 0.28% y/y, on par with Barclays forecast of -0.2% but above consensus expectations of -0.6%. On a quarterly seasonally adjusted basis, the Taiwanese economy expanded 0.79%, as compared with two...

Currency War Series

BOJ catches market off-guard with negative interest rate

Jan 29, 2016 04:16 am UTC| Commentary Central Banks

Bank of Japan (BOJ) acted against majority expectations today and add further stimulus to its already record monetary easing. For the first time in history Bank of Japan (BOJ) has introduced negative interest rates of...