Saudi Arabia to continue to produce Brent at current level until end 2015

Sep 08, 2015 09:28 am UTC| Commentary

Brent fell by 4% yesterday but has risen to a good $48 per barrel again this morning. WTI initially suffered similar losses today because yesterday was a public holiday in the US, so no trading took place on the NYMEX.The...

Significant drop of Chinese soybean imports in August

Sep 08, 2015 09:13 am UTC| Commentary

China imported 7.8 million tons of soybeans in August, 29% more than in the same month last year. Imports in the first eight months of the year were nearly 10% up on the same period last year. As compared to their record...

Impact of CNY devaluation on Taiwan’s trade likely to mute

Sep 08, 2015 09:02 am UTC| Commentary

Regarding trade, mainland China accounts for 40% of Taiwans merchandise exports. However, more than half of the exports are electronic and electrical products, which are a part of the global value chain. This share of...

TWD under deflationary pressure

Sep 08, 2015 07:41 am UTC| Commentary

The TWD depreciated 2.8% against the USD in three weeks and weakened against the CNY by about 0.5%. A c.2.2% appreciation in the TWD against the CNY in the coming 12 months is expected. Holding other currency pairs...

China’s trade data remained soft in August

Sep 08, 2015 07:25 am UTC| Commentary

Chinas trade figures remained soft in August. The exports dropped by 5.5% yoy in August, compared with -8.3% in the prior month and market expectation of -6.6%. Imports surprised the market on the downside by a large...

CNB to publish FX intervention data today

Sep 08, 2015 07:21 am UTC| Commentary

The CZK is one currency which has remained remarkably stable through the past months EM carnage - how long will this last? The CZKs stability is surprising especially because the Czech Central Banks (CNB) EUR-CZK floor of...

China CPI accelerating amid less inflationary pork cycle

Sep 08, 2015 07:18 am UTC| Commentary

Pork price growth increased further in August, which is expected to boost food CPI inflation. Housing CPI inflation is also expected to have risen slightly on improved demand. In contrast, administrated fuel prices were...