Euro area debt and deficit review
Apr 21, 2015 11:41 am UTC| Insights & Views
Today Eurostat released government debt and deficit estimate for Euro zone and European Union, which saw reduction in deficit and rise in government debt. Euro area deficit now stands at 2.4% of GDP and 2.9% for European...
Kiwi trades on sideways amid turbulent global economic environment
Apr 21, 2015 10:45 am UTC| Insights & Views
The international factors of US influenced the recent trade rallies and in particularly changing expectations of when and by how much interest rate could be hiked by the US Fed. Domestically economic data have been mixed...
Chinese slow down creates ripples across global market
Apr 21, 2015 10:23 am UTC| Insights & Views
Latest data point that GDP growth in China slowed to 7% in the first quarter, down from 7.4% in the previous. Other macro-economic indicators such as Industrial production, producer prices, urban investments all pointing...
Apr 21, 2015 10:21 am UTC| Insights & Views
European Central Bank (ECB) has the potential to turn into Europes bad bank, should Greece choose to default and move to the exit. ECB has taken up large exposure to Greek bonds via Emergency Lending Facility (ELA),...
Apr 21, 2015 10:19 am UTC| Insights & Views
Market participants remain worried about potential fallout in talks between Greece and Euro zone creditors. Euro zone finance ministers are scheduled to meet in Riga, Latvia on 24th of April in a bid to resolve ongoing...
Trade USD/CAD at reversal swings, shorting not advisable
Apr 21, 2015 08:39 am UTC| Insights & Views
We believe some of the economic optimism in US may be premature, particularly given the risk of a renewed slide in oil prices over the summer. This, shared with the prospect of a renewed firming in the US economy over the...
Be very patient, Greek payment drama to continue beyond 2050
Apr 21, 2015 08:01 am UTC| Insights & Views
European creditors and Greek government remains at logger heads over the reforms that Greece needs to progress with in order to keep it afloat and within Euro zone. Some market participants and official institutions...