Reserve Bank of India (RBI) monetary policy meeting decision to maintain its key rate at 6% last Thursday rather than reduce it by 25 basis points shows that it got it right. Indian inflation was contained during first quarter 2018 period, with March consumer price index given at +4...
Bitcoin has surged more than US$1,000 from below $7,000 to around $8,050 in a bizarre surge that follows months of bearish consolidation. Its rise is pulling the rest of crypto sector higher. Technicians say the technical break of $7,450 triggered a surge in Bitcoin buying...
Reserve Bank of India (RBI) monetary policy meeting decision to maintain its key rate at 6% last Thursday rather than reduce it by 25 basis points shows that it got it right. Indian inflation was contained during first quarter 2018 period, with March consumer price index given at +4...
When will the European Central Bank tighten money? Austrian Ewald Nowotny, one of its governors, said yesterday to Reuters that the ECB should get on with it now: hike interest rates and stop buying bonds. The ECB then disowned the remarks...
Under Brexit pressure to split by December 2020 and uncertainty about the Irish border, the UK economy is in turmoil in Q1 2018. February month-to-month industrial and manufacturing production output was weak at +0.10% and -0.20% (prior: +1.30% and 0...
After March elections and the slow process of forming a government, the Italian economy is showing signs of weakness. A slowdown in February’s producer price index and industrial production month-to-month of 0.30% and -0.50% (prior: 0.80% and -1...
Amidst all the noise, subdued inflation and solid global growth are good for selected emerging-market currencies: MXN, THB, INR, IDR and ZAR should be bought on the dips. Trade-war fears eased on Chinese President Xi Jinping's conciliatory, optimistic remarks at the Boao Forum for Asia...
Though an inflation below its 2% target (1.50% as of February 2018) adding up with the challenging task of changing its population’s “deflationary” state of mind, Japan economy remains solid...
Over the last few days, both Brazilian stocks and the real suffered major losses amid rising heightened uncertainties about the upcoming presidential elections. On Monday, the Bovespa index fell 1.78% to 83,307 points. The 1-month implied volatility also edged above the 20% level to 21.85...
World markets are set to tumble, after a glimmer of hope revived optimism that the US–China trade conflict would calm. US markets rose yesterday, and European marketplaces also climbed. The Euro Stoxx 50 closed at 3’430 (+2.68%), the DAX surged by 2...
The global trade war is moving from myth to reality. Not only is there a lot of talk, tit-for-tat action from the USA, China and EU are on the rise...
Yesterday’s February retail sales disappointed, coming in negative at -0.70% instead of an expected slight gain. Private consumption has declined for three months in a row, and this is the key contributor to economic growth...
During the Asian session, the US dollar lost some ground against the Swissie with USD/CHF easing to 0.9576, down from yesterday high of 0.9597...
Ready to bounce. By Peter Rosenstreich • Bitcoin bearish trend stops after breaking hourly support at 6797 (06/02/2018), currently trading at the 7350 range and expected to...
Manufacturing in Japan is starting to slow down. The Bank of Japan’s Tankan indicator slipped to 24 from 25, its first decline since Q1 2016. The decline is felt in all major sectors, from textile, paper, chemicals, food and metals...
Brexit pain and a cyclical downturn are weighing on the British pound. Markets will react to the latest proposals for a border between the Republic and Northern Ireland. Watch for sterling to lurch negatively, with the GBP/USD failing to break its 50-day moving average and falling to a 0...
South Africa’s central bank confirmed its dovish policy on Wednesday, lowering its interest rate on repos by 25 basis points to 6.50%, its lowest since January 2016. February’s consumer price index shows that inflation is under control at 4% annualised (January: 4...
The USD is in a bear market. Japan’s yen has defied fates by not caving into interest rate differentials, which would have sent USD/JPY significantly higher than its current 106...
The European Central Bank says the Eurozone economy is healthy. Lending to non-financial corporations and households increased by 3% in February, a slight decrease from 3.30% in January and slightly higher than December’s 2.90...
