CFTC Speculators FX Positioning as at 31 March, 2015

Apr 07, 2015 11:50 am UTC| Commentary

Following the sharp fall to 71,227 from 79,726, USD longs increased modestly to 73,143 in the week ending March 31. This is still well below the year-to-date high at 81,270 set in the first week of March before positive...

RBA's clear easing bias remains in place

Apr 07, 2015 11:45 am UTC| Commentary

The RBAs statement explaining the rate decision retained the language that points to the likelihood of further monetary easing. For one, "...the Board judged that it was appropriate to hold interest rates steady for the...

EUR losing its reserve status; ECB likely to extend easing

Apr 07, 2015 08:49 am UTC| Commentary

IMF COFER data released last week shows a further drop in official foreign reserves allocated in euro in Q4 2014. Since the euro crisis, the currency has been losing some of its reserve status and reserve managers have...

Reserve Bank of India's rate cutting cycle not over yet

Apr 07, 2015 06:32 am UTC| Commentary

RBI opted not to follow up on Marchs unscheduled rate cut in todays policy review, with the repo and the reverse repo rates being kept on hold at 7.50% and 6.50% respectively. But this is likely a temporary pause, and that...

RBA likely to cut rate by 25bps in May meeting

Apr 07, 2015 06:25 am UTC| Commentary

The Reserve Bank Board decided to hold rates steady at 2.25% at their April meeting. There were no significant changes in the wording of the Governors statement from the statement released following the March meeting. The...

Daily Economic Outlook- 07 April, 2015

Apr 07, 2015 05:28 am UTC| Commentary

Following the Easter break the services PMI data for the euro area (0800 GMT) and the UK for March (0830 GMT) will provide further updates on economic activity. The already released flash indicator for the euro area rose...

BSP's next policy move likely a hike in Q4 15

Apr 07, 2015 05:21 am UTC| Commentary

Philippines March inflation came in slightly weaker than expected, but core inflation came in stronger than the forecast at 2.7% (Consensus: 2.5%; February: 2.5%). Headline inflation fell amid a further easing in rice and...