Aug 11, 2015 04:40 am UTC| Commentary
The RBNZ cut the policy rate again in July (now 50bps this year).The case for easing developed in NZ through the first half of the year, and continues to justify more cuts in the coming months. The concerns primarily...
More RBA cuts in store in long term
Aug 11, 2015 04:35 am UTC| Commentary
In the longer run, we look for AUD/USD to reach new cycle lows over the 6-12 month horizon. Structural issues should continue to drag on the economy, including persistently weak commodity prices and the impact on the...
Daily Economic Outlook: 11th August, 2015
Aug 11, 2015 04:19 am UTC| Commentary
The August German ZEW survey is set to dominate the news flow this morning. After a sharp pickup between 2014Q4 and 2015Q1, the forward-looking expectations measure, which tends to lead euro-area GDP by around three...
Fed’s LMCI continues to advance in July
Aug 11, 2015 04:16 am UTC| Commentary
The Federal Reserves Labor Market Conditions Index (LMCI) rose 1.1 points in July, the third consecutive monthly increase for the index and a reflection of sustained and broad based labor market improvement early in Q3....
Aug 11, 2015 03:58 am UTC| Commentary
Australias monetary policy outlook has been pivotal to the direction of AUD in 2015 and will remain so for the rest of the year. The RBA left its policy rate steady at 2.00% at its early August meeting (after cutting 25...
USD/CAD sustainably higher in long term
Aug 11, 2015 03:52 am UTC| Commentary
As we enter 2016, a gradual and modest pullback is expected in USD/CAD from a peak in Q3/Q4.By then, the trends that have driven the pair higherare expected that they should unwind somewhat."Oil prices are anticipated to...
Strong trends versus weak trends
Aug 11, 2015 03:48 am UTC| Commentary
G20 Financial markets lately are divided between those that are trending strongly and those that are not. The Average Directional Index (ADX), a good measure of trend strength, brings out this dichotomy clearly. On one...