USD/CAD sustainably higher in long term
Aug 11, 2015 03:52 am UTC| Commentary
As we enter 2016, a gradual and modest pullback is expected in USD/CAD from a peak in Q3/Q4.By then, the trends that have driven the pair higherare expected that they should unwind somewhat."Oil prices are anticipated to...
Strong trends versus weak trends
Aug 11, 2015 03:48 am UTC| Commentary
G20 Financial markets lately are divided between those that are trending strongly and those that are not. The Average Directional Index (ADX), a good measure of trend strength, brings out this dichotomy clearly. On one...
China less inflationary, but still a small constraint for the PBoC
Aug 11, 2015 03:38 am UTC| Commentary
Given the supply shortage and the upcoming seasonal increases in pork demand, pork prices will probably keep moving higher in the short term. Consequently, Chinas CPI could be pushed higher. However, this pork cycle might...
Further downside in store for gold?
Aug 11, 2015 03:31 am UTC| Commentary
Gold has been making headlines in recent weeks, with prices falling below US$1100 /oz. to a 5-year low. Increased expectations that the Federal Reserve will beginhiking interest rates later this year and a strengthening...
Oil prices to remain under pressure in near term
Aug 11, 2015 03:28 am UTC| Commentary
The renewed pessimism in the crude oil market, which recorded the biggest monthly drop in seven years, was triggered largely by the P5+1 nuclear deal with Iran in early July, as well as ongoing over-quota production from...
Singapore's stronger services offsets weaker manufacturing
Aug 11, 2015 03:22 am UTC| Commentary
Q2 GDP was revised up slightly to -4.0% q/q saar from -4.6% in the advance estimate - better than our (-4.7%) and consensus (-4.6%) forecasts, while on a y/y basis, GDP was revised up to 1.8% from 1.7% (Barclays and...
Aug 11, 2015 03:19 am UTC| Commentary
Philippines exports came in much stronger than expected in June, falling only 3.3% y/y, improving drastically from the 17.4% drop in May. The June improvement came largely from two sources of exports, electronics (9.5%...