Switzerland may experience deflation

Jun 09, 2015 07:02 am UTC| Commentary

Levels below 1.0350 turned out to be too low in EUR-CHF recently. However, a glance at the slightly longer term charts suggests that the pair is unlikely to notably exceed 1.05 either (this morning the market is trading...

Euro zone GDP a non event today

Jun 09, 2015 06:52 am UTC| Commentary

The second publication of the GDP data for Q1 is due in the euro zone today. However, the second publication in the euro zone cannot be compared with that in the US.While GDP data on the other side of the Atlantic is often...

SGD rates to outperform USD on Fed rate normalisation

Jun 09, 2015 06:41 am UTC| Commentary

SGD rates is expected to outperform USD rates on the back of the expectation of an improvement in US economic data in H2."While USD-SGD is likely to head higher in Q3, the FX impact is likely to be marginal because of a...

Neutral outlook on IDR bonds

Jun 09, 2015 06:31 am UTC| Commentary

Analysts have a Neutral outlook on IDR bonds. With the benchmark 9Y IDR bond yield trading c.8.65%, valuations are attractive. However, the Indonesian rupiah (IDR) remains vulnerable in an environment of broad USD...

Positive outlook on Indian Government Bonds

Jun 09, 2015 06:08 am UTC| Commentary

Analysts have a Positive outlook on Indian Government Bonds (IGBs), and hold the long 5Y IGB trade recommendation (entry: 8.04%; current: 8.00%; target: 7.65%; stoploss: 8.25%). The Positive outlook is underpinned by...

Japan’s Q1 GDP revised up more than expected

Jun 09, 2015 05:43 am UTC| Commentary

Japans Q1 GDP (second preliminary release) was revised up sharply to 1.0% qoq, or 3.9% qoq annualised (was 0.6% qoq or 2.4% qoq annualised in the first preliminary).The upward revision was mainly due to much stronger...

UK trade deficit roughly stable

Jun 09, 2015 05:14 am UTC| Commentary

The broad trends in the UKs balance of trade continue. The surplus on trade in services continues to rise whereas the deficit on trade in goods continues to widen, more than outweighing the surplus on services. There has...