A technical recession seems imminent in Singapore
Oct 06, 2015 01:44 am UTC| Commentary
A technical recession seems imminent in Singapore. GDP growth is expected to fally by a 0.6% QoQ saar (+1.1% YoY) in 3Q15. Given the decline of 4% QoQ saar in the second quarter, this puts the economy squarely in a...
Mexican inflation continues to fall at a moderate pace as core prices remain weak
Oct 06, 2015 00:41 am UTC| Commentary
Inflation slipped below 3.0% (Banxicos target) in May for the first time in a decade and continued to fall over the following three months, as core inflation remained at its lowest level ever at 2.3% and food inflation...
US service sector activity continued to moderate in September
Oct 06, 2015 00:26 am UTC| Commentary
The Institute of Supply Management (ISM) non-manufacturing index eased by 2.1 points to 56.9 in September, posting a second consecutive monthly decline. The print was below the consensus forecast, which called for the...
Italian factory activity probably took a breather in August
Oct 06, 2015 00:04 am UTC| Commentary
Information gathered over the summer months indicates that Italian industrial production grew modestly in August (+0.2% mom), following the jump recorded in July (+1.1% mom). This ongoing improvement would be fully...
Oct 05, 2015 23:54 pm UTC| Commentary
1-3 Month OutlookOnly the commodity currencies underperformed GBP in Q3, and EUR/GBP is 500pts (7%) higher than the July low. Various explanations have been put forward for GBPs underperformance, including growing concern...
Oct 05, 2015 23:37 pm UTC| Commentary
1 - 3 Month Outlook USD/JPY reversal As markets turned risk-averse and currencies reverted to their traditional status as safe-haven or risky asset, JPY was the star performer through Q3, rising against all G10...
Oct 05, 2015 23:16 pm UTC| Commentary
1-3 Month Outlook Higher, but not much USD fell steadily into the September 17 FOMC meeting, making a low after the unchanged rate decision, then spent the rest of the month recovering to end unchanged - both in...