Turkey's Upgrade: What's Next?
Turkey this week caught the market's attention on two occasions. The first came when Moody’s upgraded Turkey’s sovereign bond ratings to investment grade (Baa3) -- in line with Fitch at ...
Turkey this week caught the market's attention on two occasions. The first came when Moody’s upgraded Turkey’s sovereign bond ratings to investment grade (Baa3) -- in line with Fitch at ...
Economic updates in recent weeks suggest that the economy is facing new headwinds. Notably, Industrial production and housing starts slumped in April. The latest data points may imply trouble down the...
The University of Michigan Consumer Sentiment preliminary number for May came in at 83.7, a major advance over the April final reading of 76.4. This is the highest level since July of 2007, prior to ...
If you want to get a sense of what’s happening in the world, your best bet is to ignore government data and focus on corporate revenues.Why Revenues?Because earnings can be massaged any number ...
Slightly positive sentiment this morning as strong Japanese machinery orders partly offset yesterday's soft US data.Fed dove Williams says asset purchases could be scaled down as soon as this ...
PLN: Weak Economy To Weigh On Zloty We believe the weak Polish economy will trigger further rate cuts near term and this is likely to put some depreciation pressure on the zloty. Thus, we expect some...
Q1 GDP and Prospera's inflation expectations survey may play a decisive role at the Riksbank's next meeting.Is the Riksbank correct in assuming that the impact from unit labour cost (ULC) has ...
Japan's GDP in Q1 13 expanded 3.5% q/q AR so the country appears to have embarked upon a relatively strong recovery. The major impact from Abenomics has yet to work its way through the economy, so the...
The euro traded steadily at $1.28 on Friday morning after data on Thursday showed that the region's March trade surplus was at its highest level since 1999, when the eurozone was created. The Wall ...
In early May the ECB cut the refi rate by 25bp to 0.50% and opened the door for negative deposit rates. The central bank is still mulling over an SME lending program but failed to deliver any ...
In Q1 2013, GDP grew by 0.9% q/q, driven by household consumption and exports, which contributed both 0.5 percentage point to growth. This is largely based on regained confidence and improved ...
The macro week ends with a quiet Friday. After the European GDP numbers and continuing confusion over the possibility and timing of altering the US quantitative easing programmes, eyes are already ...
Thursday’s another busy day for economic releases, including the inflation updates on both sides of the Atlantic. The news on consumer prices for the Eurozone and the US will be closely watched ...
John Williams the President of the Federal Reserve Bank of San Francisco caused concern among investors after his comments that the Fed may start to cut back on its monetary easing program over the ...
CurrenciesEUR/USD- the pair is trading in a downward channel on a 30 minute time frame. The RSI is showing that the bias could be to the downside.USD/JPY- the price has broken its upward channel to ...
The May 2012 Consumer Price Index for Urban Consumers (CPI-U) released today puts the April year-over-year inflation rate at 1.06%, dramatically below the 3.92% average since the end of the Second ...
Here is a table showing the annualized change in Headline and Core CPI, not seasonally adjusted, for each of the past five months. I've also included each of the eight components of Headline CPI and a...
| SPX 500 Futures | 1663.95 | +15.95 | +0.97% | |||
| NQ 100 Futures | 3024.60 | +26.35 | +0.88% | |||
| US 30 | 15354.79 | +121.57 | +0.80% | |||
| DAX | 8398.00 | +28.13 | +0.34% | |||
| FTSE 100 | 6723.06 | +35.26 | +0.53% | |||
| Japan 225 | 15138.12 | +100.88 | +0.67% | |||
| US Dollar Index | 84.34 | +0.44 | +0.52% |
| Gold | 1357.75 | -29.15 | -2.10% | |||
| Silver | 22.190 | -0.469 | -2.07% | |||
| Copper | 3.316 | +0.021 | +0.64% | |||
| Crude Oil | 95.91 | +0.74 | +0.78% | |||
| Natural Gas | 4.059 | +0.127 | +3.23% | |||
| US Cotton No.2 | 86.34 | +0.32 | +0.37% | |||
| US Coffee C | 137.00 | -3.25 | -2.32% |
| Euro Bund | 145.16 | -0.04 | -0.03% | |||
| Euro BTP | 116.57 | +0.68 | +0.59% | |||
| Euro BOBL | 126.675 | +0.060 | +0.05% | |||
| UK Gilt | 117.69 | -0.35 | -0.30% | |||
| US 2 YR T-Note | 110.25 | -0.02 | -0.02% | |||
| US 10 YR T-Note | 131.84 | -0.50 | -0.38% | |||
| US 30 YR T-Bond | 143.89 | -1.29 | -0.89% |
| Central Banks | Interest Rates | Next Meeting | |||
|---|---|---|---|---|---|
| FED | 0.00%-0.25% | Jun 19, 2013 | |||
| ECB | 0.50% | Jun 06, 2013 | |||
| BOE | 0.50% | Jun 06, 2013 | |||
| SNB | 0.00% | Jun 20, 2013 | |||
| RBA | 2.75% | Jun 04, 2013 | |||
| BOC | 1.00% | May 29, 2013 | |||
| RBNZ | 2.50% | Jun 12, 2013 | |||
| BOJ | 0.10% | May 22, 2013 | |||