A less inflationary pork cycle in China
Aug 10, 2015 16:01 pm UTC| Commentary
The infamous pork cycle is heating up again, pork prices in the CPI basket have risen 17.4% since May and were up 16.7% yoy in July, which accounted for half of the headline CPI reading of 1.6% yoy. The current cycle is...
Fed’s LMCI continues to advance in July
Aug 10, 2015 15:31 pm 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....
Polish Zloty:1-3 Month Outlook
Aug 10, 2015 12:28 pm UTC| Commentary
Polands headline inflation increased to -0.8% in June from -0.9% in previous month. In its Financial Stability Report - July 2015, NBP cited that this deflationary environment is rather transitory, attributing it to lower...
USDJPY soars, nears ¥125 again
Aug 10, 2015 11:23 am UTC| Commentary
The greenback was winning on Friday and pushed the yen into defence as bulls were active after Fridays break. Fridays dip was quickly bought and the pair accelerated around 60 pips higher on Friday to 124.70, with appetite...
CFTC Speculators FX Positioning as at 04th August, 2015
Aug 10, 2015 11:18 am UTC| Commentary
EUR shorts lengthened last week to their highest levels since early June. A better tone in many EM currencies suggested that confidence in the carry trade may have picked up last week. "However, given Chinese growth...
Russian Ruble: 6-12 Month Outlook
Aug 10, 2015 09:57 am UTC| Commentary
Russias Q1 current account came in at 4.38% of GDP. Additionally, around 45% of external debt out of USD556.2bn has to be repaid or rolled in less than 2 years. With reserves at USD358.3bn, this could potentially take 70%...
European stocks turn lower as corporate offset Greece
Aug 10, 2015 09:19 am UTC| Commentary
Stock markets in Europe erased morning gains and turned lower on Monday, as traders digested Greek news on one side and corporate stories on the other.Germanys DAX 30 index fell 0.49% to trade at 11,439.12, while the UKs...