Guide to today’s important data and events

Dec 01, 2015 08:07 am UTC| Commentary

Lots of economic dockets scheduled for today and some with high risks associated. Data released so far - Australia - Current account balance for third quarter came at -18.1 billion. Building permits rose by 3.9% in...

RBA keeps key rates at 2%

Dec 01, 2015 08:04 am UTC| Commentary

The Reserve Bank of Australia kept the bank rates unchanged at current level of 2%. The central bank governor, Glenn Stevens reveals a sharp fall in investment in the mining sector, despite the economy showing a robust...

Currency War Series

Sweden's Riksbank's rate cut likely in December

Dec 01, 2015 07:48 am UTC| Commentary Central Banks

The Sweden economy is in upward momentum in past four quarters, as the economys average quarterly growth was 0.9%. Various macroeconomic indicators have improved. The number of hours worked rose by 0.4% y/y in Q3 and...

Currency War Series

ECB to remain square for now

Dec 01, 2015 07:35 am UTC| Commentary Central Banks

After the recent remarks by Mario Draghi has fueled the markets anticipations on further action, it should become easier to get a consensus that the central bank will give at least something to the market. Currently, any...

Currency War Series

Bank of Indonesia likely to cut rates twice in H1 16

Dec 01, 2015 07:27 am UTC| Commentary Central Banks

The Bank of Indonesias December meeting is on the same day as that of US Fed. The central banks decision to cut the reserve requirement ratio indicates the clear need of easing ahead. With better inflation expectations...

China may move towards capital account liberalization

Dec 01, 2015 07:23 am UTC| Commentary

IMFs Executive Board revised the Special Drawing Rights (SDR) basket and included CNY in the basket which will be effective from October 2016 and continue for next five years. This is a huge political victory for China....

Indonesia's inflation roll-down begins

Dec 01, 2015 07:18 am UTC| Commentary

Indonesias November inflation dropped to 4.9%, almost similar to the consensus expectations of 4.85%. On a month on month basis, there is an increase in prices by 0.21%.This sharp fall in inflation was supported by last...