Australian bonds plunge after RBA August meeting minutes maintain economic growth optimism
Aug 15, 2017 04:03 am UTC| Commentary Economy
The Australian bonds plunged Tuesday after the Reserve Bank of Australia (RBA) maintained optimism in its August monetary policy meeting minutes, released today. Also, investors will now be looking forward to the July...
Chinese activity data surprises on downside in July, trade sector appears to have lost momentum
Aug 14, 2017 22:31 pm UTC| Commentary Economy
The Chinese activity data for July surprised on the downside by a broad margin. The weakening momentum, along with the moderation in trade growth, implies that the market might have to be ready for some downside bias in...
Euro area industrial production falls in June
Aug 14, 2017 22:13 pm UTC| Commentary Economy
Euro areas industrial production as a whole dropped at the end of the second quarter, given the softness witnessed in the biggest two member states. The aggregate output dropped 0.6 percent sequentially in June. In the...
U.S. Treasuries slump ahead of July retail sales, FOMC meeting minutes
Aug 14, 2017 12:03 pm UTC| Commentary Economy
The U.S. Treasuries traded lower as investors wait to watch the countrys core retail sales, for the month of July, scheduled to be released on August 15 by 12:30GMT. The yield on the benchmark 10-year Treasury, jumped...
USD/CNY is likely to trade above the 6.60 support at current stage, says Scotiabank
Aug 14, 2017 11:43 am UTC| Economy Commentary
USD/CNY and USD/CNH rebounded last Friday as the PBoC set its daily reference at 6.6642 that was higher than market expectations and our forecast of 6.6559. The wave of yuan appreciation started from July, days after the...
UK gilts plunge as investors await July core CPI, June unemployment data
Aug 14, 2017 11:04 am UTC| Commentary Economy
The UK gilts plunged Monday on expectations of a slight rise in the regions consumer price-led inflation index (CPI) for the month of July, scheduled to be released on August 15 by 8:30GMT. The yield on the benchmark...
IMF and OECB revise economic growth outlook for advance economies
Aug 14, 2017 10:38 am UTC| Commentary Economy
The IMF and OECD, in their recently published mid-year Economic Updates, both note that global economic activity has firmed, helped by an improvement in investment, manufacturing and trade. Activity started to gain...