India CPI data raised the possibility of an interest rate cut outside the scheduled review cycle

Apr 13, 2015 15:05 pm UTC| Commentary

India consumer price inflation came in at 5.2% y/y in March, from 5.4% y/y in February, higher than most had expected.Consumer price inflation unexpectedly dropped in March as concerns over the impact of heavy rains on...

Dip in Indian inflation raises possibility of another unscheduled rate cut

Apr 13, 2015 12:26 pm UTC| Commentary

Indias Consumer price inflation unexpectedly dropped in March as concerns over the impact of heavy rains on food inflation proved unfounded. Core inflation remains low, and headline inflation is now comfortably below...

Recent price rises of gold and platinum speculatively driven to a large extent

Apr 13, 2015 12:00 pm UTC| Commentary

Gold is trading marginally above the psychologically important $1,200 per troy ounce mark as the new week of trading gets underway. As the CFTCs statistics on the positioning of speculative market participants on the COMEX...

Excessively high investor optimism about crude oil

Apr 13, 2015 11:56 am UTC| Commentary

Oil prices are getting off to a positive start to the new week of trading and are thus building on the gains they achieved last week. Brent is trading at a good $59 per barrel, WTI at $53 per barrel. Very high investor...

IMM Net Speculators’ Positioning as at 07 April 2015

Apr 13, 2015 11:52 am UTC| Commentary

USD longs have been consolidating in recent week below their recent highs though they remain at extremely elevated levels. EUR shorts have back-stepped from the previous weeks peak as the ECBs bond buying plan progresses...

US housing starts set for strong rebound in March

Apr 13, 2015 07:05 am UTC| Commentary

Following the weather-related collapse in US housing starts in February, homebuilders likely made up for lost time in March.The 17% m/m plunge in housing starts in February was in large part due to unseasonably severe...

ECB to be buoyed by signs of life in euro area economy

Apr 13, 2015 07:00 am UTC| Commentary

With no change in policy expected at next weeks meeting, the ECB is likely to focus on early signs thatthe bond purchase programme is working, alongside a general firming in activity evident in both hard data and...