Fitch: Indonesia Bank Support Unchanged by New Financial System Law The recent approval of the Financial System Crisis Prevention and Mitigation Law by the Indonesian House of Representatives does not materially change the likelihood of government support for domestic systemically important banks...
Japan Household Spending Climbs 1.2% In February The average of household spending in Japan advanced 1.2 percent on year in February, the Ministry of Internal Affairs and Communications said on Tuesday - standing at 269,774 yen. That topped expectations for a decline of 1...
If another recession hits, does the Federal Reserve have any tools left to bring the economy back to growth and stability? Or has it run out of ammunition...
Dollar Attempting A Comeback From Early Weakness The dollar dropped against its major European competitors Monday morning, but has begun to pare those losses this afternoon. Markets in Europe are closed today for the Easter holiday and U.S. economic data was largely positive this morning...
Efficiency Stands in Way of Natural Gas Price Recovery This year natural gas price has dropped well below $2/mmbtu, observed during 2012 trough and still sliding further. Today price is down another -2.2%, trading at $1.77/mmbtu. Price has dropped to lowest levels since 1999...
Worrisome Signs Series: World Trade Suffers Further Setback in 2016 According to data from CPB Netherlands Bureau of Economic Policy Analysis, global trade suffered further setback in January, to start the year, posing doubts, whether global economy can actually recover, without key component, tr...
USD/CAD Trims Losses as Oil Drops Oil benchmarks surrendered gains, helping the USD/CAD recover from the session low of 1.3229 to trade around 1.3250 levels. Eyes US data The immediate focus now is on the US data, which is expected to show personal spending and income growth slowed in February...
Brent Oil Rejected at 5-DMA, Surrenders Gains Brent oil is now trading largely unchanged on the day after prices failed to sustain above 5-DMA level of $40.88...
Oil in Global Economy Series: Why Rigs Deactivation Doesn't Matter Much? According to latest numbers from Baker Hughes, number of active oil rigs operating in United States has dropped to lowest levels since 2008/09 financial crisis...
Canadian Dollar Rises As Oil Prices Advance The Canadian dollar strengthened against most major currencies in the early European session on Monday, as oil prices rebounded from last week's decline. Investors focus on the OPEC's meeting next month to discuss proposal to freeze output...
Indian Bond Yields Fall on Expectation of Lower Lending Rate The 10-year Indian bond yields declined -0.05% on Monday as the government’s move to cut the small savings rate by 0.6% to 1.3%. Moreover, the Reserve Bank of India is also expected to cut interest rates by at least 0...
Australian Bonds to Weaken Further on fED Rate Hike Expectation The Australian bond market is weaker and it is expected to weaken further as investors continue to absorb the U.S. Fed's interest rate outlook. Meanwhile, the benchmark 10-year bond yield closed lower -0.39% on Thursday...
No Plans to Refinance Older JGBs – Japan’s Aso Japanese Finance Minister Mr. Taro Aso crossed the wires via Reuters on Monday, commenting on the JGBs refinance plans. However, he provided no hints on further BOJ easing any time soon...
Fed’s Williams – Rate Hikes Likely This Year San Francisco Federal Reserve President John Williams reiterated his view that rate hike are likely this year if data trends continue to show sold US economic growth...
USD Seen Picking Up Pace – BBH In the opinion of analysts at BBH, the greenback is expected to gather further traction in the next periods. Key Quotes “One of technical factor that emerged last week was the beginning of the correction of the dollar's losses”...
US: September Quarter to Be the Likely Timing of the Next Fed Funds Rate Hike - BNZ Research Team at BNZ, have recently changed their view on the likely timing of the next fed funds rate, moving it to the September quarter 2016...
US Pending Home Sales Likely to Rebound in February - Nomura Research Team at Nomura, notes that the US housing market activity has been choppy in recent months after steady gains for the better part of 2015...
FXWIREPRO: US Oil Faces Strong Resistance Around $40, Good to Buy at Dips Major resistance - $40 (trend line joining $41.85 and $41.22) Major support - $38 The commodity has made a slight jump till $40.01 at the time of writing and slightly declined from that level...
U.S Treasury Falls on Stronger Than expected 4Q GDP Data The 10-year U.S. Treasury yield was down 3 bps to 1...
