China's Q2 GDP to show signs of stabilization

Jul 15, 2015 07:07 am UTC| Commentary

The breakdown of GDP by industry segments show Chinas primary industry picked up slightly to 3.5% y/y form 3.2% in Q1 while the secondary industry slowed for the 3rd consecutive quarter to 6.1% from 6.4% in Q1. Chinas Q2...

USD likely to suffer considerable losses

Jul 15, 2015 07:03 am UTC| Commentary

The semi-annual testimony of Fed chair Janet Yellen in front of Congress is due today. She is likely to use the opportunity to further prepare the market for the fact that a first rate hike before the end of the year is...

Czech National Bank’s floor under attack

Jul 15, 2015 06:59 am UTC| Commentary

Further to yesterdays steadily moving EUR-CZK, closer to its floor set up by Czech NationL Bank, the cross moved sharply closer again during trading, reaching 27.05 at one point.This is getting tricky because CNB will...

Fall in USD-CAD likely to be limited

Jul 15, 2015 06:54 am UTC| Commentary

Nobody knows what the situation would have been like without Bank of Canada (BoC) governor Polozs step taken out in January of cutting interest rates in a surprise move to protect the Canadian economy against the effects...

Tourism to lift Singapore retail sales further

Jul 15, 2015 06:35 am UTC| Commentary

The recovery in Singapore tourism, which was driven by a surge in Chinese visitors, is an encouraging sign that tourist arrivals have bottomed following 2013s ban on "zero-cost" holidays by Chinese operators."Also, the...

US Q2 GDP likely to grow at 2.4% yoy

Jul 15, 2015 06:31 am UTC| Commentary

US retail sales fell 0.3% m/m in June. Revisions to the month prior were also negative, taking the headline reading down to +1.0% m/m (originally reported as +1.2% m/m).From the Feds perspective, this mornings figures run...

Yellen’s testimony could give details on Fed lift-off timing

Jul 15, 2015 06:13 am UTC| Commentary

Todays main US event is Fed Chair Yellens testimony to the House Financial Services Committee where her text and QA session will be closely scrutinised for the timing of the first rate hike. Her views of global risks...