Guide to today’s important data and events

Jan 28, 2016 06:41 am UTC| Commentary

Lot of economic dockets be released today. All with low to medium risks associated. Data released so far Australia - Export price index dropped -5.4% in fourth quarter, while import price index dropped by...

Fed Hike Aftermath Series

US Fed likely to hold funds rate target in March

Jan 28, 2016 06:15 am UTC| Commentary Central Banks

The US Fed maintained the Fed funds rate target at 0.25-0.50, on par with expectations. Nevertheless, there were many changes to the central banks statement that indicate that the Fed might keep the rates on hold in March....

Daily Economic Outlook—Jan 28

Jan 28, 2016 05:47 am UTC| Commentary

An initial estimate of the UKs Q4 GDP growth data that is due to be released today is likely to show a moderate growth of 0.5%. The expected 0.5% growth will be more than the 0.4% growth registered in Q3; however, it will...

RBNZ maintains benchmark rate at 2.5%, keeps door open for additional easing

Jan 28, 2016 05:25 am UTC| Commentary Central Banks

The Reserve Bank of New Zealand has maintained its Official Cast Rate (OCR) at 2.5%, on par with expectations, after lowering the rate by 25bp in December. However, the central bank took a more dovish angle, opening the...

Philippines economy likely to grow 5.5% in 2016

Jan 28, 2016 04:56 am UTC| Commentary

Philippines recorded 6.3% y/y growth in Q4 2015, more than Barclays expectations and consensus. The full year 2015 growth was 5.8%, slightly lower than the 6% growth recorded in 2014, and above Barclays forecast of 5.5%....

EUR/USD flat after Fed decision

Jan 28, 2016 04:05 am UTC| Commentary

Pair is hovering around $1.0900 levels and currently trading at $1.0893 levels. It made intraday high at $1.0907 and low at $1.0884 levels. Yesterday Fed kept interest rates unchanged at 0.25% to 0.50% in...

Most Asian markets recover after negative start up

Jan 28, 2016 03:39 am UTC| Commentary

Most Asian markets are trading in mix note after the RBNZ and FED statements as both kept the interest rates steady. Federal Reserve kept interest rates on hold overnight and the RBNZ renewed its easing bias on the back of...