Bank of Japan likely to main highly accommodative monetary conditions through 2020 - Scotiabank

Jul 19, 2019 16:56 pm UTC| Commentary

The Bank of Japan is expected to maintain highly accommodative monetary conditions through 2020 and beyond, continuing the policy outline of Quantitative and Qualitative Monetary Easing with Yield Curve Control, according...

U.S. consumer confidence remains stable in July, University of Michigan’s sentiment index rises to 98.4

Jul 19, 2019 16:27 pm UTC| Commentary

The University of Michigans preliminary estimate of consumer confidence remained stable in July. The consumer sentiment index came in at 98.4, little changed from the Junes figure of 98.2. The current conditions index...

Canadian retail sales fall in May, likely to trend higher in 2019 albeit modestly

Jul 19, 2019 13:50 pm UTC| Commentary

Canadas retail sales growth eased in the month of May. Sequentially, the retail sales dropped 0.1 percent after it grew 0.2 percent in the prior month. This is below consensus expectations of a rise of 0.3 percent....

Polish retail sales grow strongly in June, GDP likely to have grown 4.7 pct in Q2

Jul 19, 2019 12:57 pm UTC| Commentary

Polish economy continues to see strong performance in spite of subdued PMI readings and considerable deceleration in Germany, noted KBC Market Research in a report. The Polish statistical office released the recent data...

German overall producer price index for industrial products eases in June

Jul 19, 2019 11:54 am UTC| Commentary

German producer price index eases in the month of June. The German Federal Statistical Office showed that the producer price index for industrial products rose 1.2 percent on a year-on-year basis, a deceleration from 1.9...

Fundamental Evaluation Series: USD/CHF vs. 2-year yield divergence

Jul 19, 2019 11:37 am UTC| Commentary

During our evaluation period beginning 2012, the yield spread between the US 2-year bond and a Swiss equivalent has widened by more than 200 basis points but the exchange rate hasnt followed through as much as it should...

Fundamental Evaluation Series: USD/JPY vs. 2-year yield spread

Jul 19, 2019 11:35 am UTC| Commentary

The above chart shows the relation between the 2-year bond spread (U.S. - Japan) and USD/JPY exchange rate. Brief background (2012-2016): This one pair has been at odds with yield divergence throughout early 2016 as...