China's growth outlook likely supports Fed 's December lift-off
Sep 29, 2015 03:28 am UTC| Commentary Central Banks
When the reliability of Chinese indicators is qustioned to Fed, a 2013 Economic Letter from the San Francisco Fed1 compared the official GDP data with several alternative indicators constructed from high-frequency data...
Aussie approaches 6-yr low on risk aversion
Sep 29, 2015 03:11 am UTC| Commentary
Currency markets continued to display signs of risk aversion on Tuesday, with safe havens including the yen rising and riskier currencies including the Australian dollar and New Zealand dollar sliding. Stock markets in...
U.S. data dependency now includes Chinese data
Sep 29, 2015 03:10 am UTC| Commentary
US FOMCs heavy emphasis on international risks has had two important market implications. First, by implicitly broadening the definition of data dependency, it hasincreased uncertainty surrounding the rate outlook in the...

Sep 29, 2015 02:54 am UTC| Commentary
A risk-off tone dominated market sentiment overnight, sending commodities and share prices lower, while boosting safe havens including the yen. Despite being a quiet day on the data calendar, there was plenty of action...
Risk aversion is back in FX market
Sep 29, 2015 02:52 am UTC| Commentary
Risk aversion is back. After two attempts to climb higher on 24-25 Sep, AUD/ JPY fell to 83.80 yesterday, its lowest close since 7 Sep. Both AUD/USD and USD/ JPY closed below their psychological levels at 0.70 and 120...
Most US housing data have looked considerably better this year compared to 2013-14
Sep 29, 2015 02:22 am UTC| Commentary
Most US housing data have looked considerably better this year compared to 2013-14. New and existing home sales have jumped by 10% or so over 2H14 levels, housing starts have done the same and building permits continue to...
Besides rate move, policy guidance in focus in India
Sep 29, 2015 02:14 am UTC| Commentary
The Reserve Bank of India is widely expected to lower benchmark Repo rate by 25bps today. This will take the policy rate to 7% and the fixed corridor to take the reverse repo to 6%. Equal importance is likely to be given...