Spot USDCNY to reach 6.80 by year-end
Aug 25, 2015 04:39 am UTC| Commentary
With the PBoC keeping the USDCNY fixing rather stable after its initial three moves higher, market expectations of a weaker CNY have been sharply priced into FX forward points as well as CNH CCS. Moreover, lacklustre...
Daily Economic Outlook: 25th August, 2015
Aug 25, 2015 04:22 am UTC| Commentary
The German IFO business survey for August will be the main economic data focus in the morning session. It will provide a timely guide to economic activity in the current quarter, especially in light of recent global...
Global manufacturing confidence looks fragile again, led by China
Aug 25, 2015 04:16 am UTC| Commentary
Global new orders tentatively softened to -0.48 (from -0.44), the lowest since April this year, while inventories destocking continued for a fourth consecutive month, driven by the US and Japan. Our forward-looking new...
Stick to your plan during the market correction
Aug 24, 2015 18:19 pm UTC| Commentary
That market corrections happen is certainly not a surprise, though that statement is likely cold comfort for investors in the midst of one. As with any correction, however, now is the time to persist with the investment...
Aug 24, 2015 16:50 pm UTC| Commentary Central Banks
US financial market conditions have deteriorated in recent weeks and the pace of deterioration has accelerated in recent days. Most emerging market currencies have depreciated against the dollar, equity markets in both...
Dow posts worst two-day drop since 2008 financial crisis
Aug 24, 2015 16:30 pm UTC| Commentary
Stock markets around the globe slid early in the week and then plummeted on Thursday and Friday. The Dow entered correction territory, posting its worst two-day drop since the 2008 financial crisis. Explanations for the...
Why are we not seeing a manufacturing rebound in the northeast of US?
Aug 24, 2015 16:24 pm UTC| Commentary Economy
The U.S. manufacturing sector enjoyed a relatively swift bounce-back during the recovery. However, the rising tide did not lift all boats equally, with factory activity in the Northeast showing little improvement. This...
Canadians are feeling increasingly powerless amid economic struggles and rising inequality
Another election, another round of Nigel Farage hype, with no lessons learned