US federal deficit likely to remain at current levels in Q4

Nov 13, 2015 05:29 am UTC| Commentary Economy

US Treasury released its monthly federal budget balance statement for October, in which a deficit of $137bn was reported. This is modestly above the consensus expectations of $132bn. When compared to same period last...

U.S. JOLTS data hints improvement in labor market

Nov 13, 2015 05:18 am UTC| Commentary

In the United State, Job Openings and Labor Turnover Survey (JOLTS) released the total job openings figures for September. The figure increased to 5.26mn from previous months 5.377. The service sector industry leads...

Malaysia's current account firmly in surplus

Nov 13, 2015 05:10 am UTC| Commentary

Malaysias current account remains in a firm surplus, despite the trade shocks negative terms. In 2015, the current account surplus is manageable, at MYR5.1bn in the third quarter, and MYR 22.6bn YTD, which is 2.7% of...

Malaysia's BNM likely to be on hold through 2016

Nov 13, 2015 05:01 am UTC| Commentary Central Banks

Bank Negara Malaysia (BNM) Governor Zeti in her press conference clearly indicated that monetary policy conditions remain accommodative, and that MYR weakness owed largely to slower growth in China, imminent rate hikes in...

Malaysia's consumption continues to slowdown modestly

Nov 13, 2015 04:57 am UTC| Commentary

Malaysias Q3 GDP rose 4.7% year on year, as per the consensus expectations, with domestic growth remaining robust despite weaker business and consumer confidence. With YTD GDP growth coming in at 5.1%, 2015 growth is...

Banxico’s rate hike unlikely before June 2016

Nov 13, 2015 04:52 am UTC| Commentary Central Banks

Central Bank of Mexico released the minutes of the October 29 meeting. The Bank hold the reference rate unchanged at 3.00%. Banxico is expected to wait till domestic conditions improved to adjust the monetary policy rather...

Expectations from ECB likely heightened

Nov 13, 2015 04:41 am UTC| Commentary Central Banks

EUR/USD recorded its largest drop since QE was announced, following ECBs October meeting, when President Mario Draghi hiked market anticipations for an action in December meeting. FX markets were looking at Feds...