Japan's household savings rate is now recovering thanks to improved terms of trade

Jul 21, 2015 01:38 am UTC| Commentary

At present, thanks to the improvements in terms of trade stemming from the fall in oil prices, for example, households are no longer facing the challenge explained above. Terms of trade (export deflator/import deflator)...

Japan's improved household fundamentals will support domestic demand

Jul 21, 2015 01:09 am UTC| Commentary

Thanks to Abenomics, the fundamentals for households have improved. Net domestic fund demand is now expanding (i.e. spending power for both corporates and the government has been boosted) and, at the same time, the...

IMM Net Speculators’ Positioning as at 14 July 2015

Jul 21, 2015 00:57 am UTC| Commentary

Rabobank notes:Speculators increased their bearish bets against the EUR to 107,781 in the week ending 14 July after Greece reached a compromise with its creditors. With Greeces future in the Eurozone secured (assuming that...

RBNZ OCR preview: How low will it go?

Jul 21, 2015 00:07 am UTC| Commentary

Westpac Research notes: In June the RBNZ reduced the OCR by 25 basis points and signalled that a follow-up cut would come at some point later in the year. The RBNZ was concerned that underlying inflation had drifted too...

Another vote to be held in the Greek Parliament on Wednesday

Jul 20, 2015 23:25 pm UTC| Commentary

Greece received its EUR7.2bn bridge loan in time to repay the ECB (EUR3.5bn of maturing SMP bond) and arrears to the IMF. Greek banks also reopened for the first time in three weeks although strict capital controls are...

New Zealand dollar still outperforming despite PM comments

Jul 20, 2015 23:16 pm UTC| Commentary

New Zealand Dollar (NZD) is still the top performer overnight after comments from PM Key that NZD has fallen faster than expected and that the economy is still growing at a good pace. The severity of the short squeeze in...

S&P 500 closes in on a new high; Nasdaq, Best week since October

Jul 20, 2015 23:05 pm UTC| Commentary

Markets breathed a sigh of relief as progress was made toward a deal that would keep Greece in the euro zone. The Nasdaq delivered its best week since October while hitting a new all-time intraday high, and the SP 500 had...