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ONS Reveals Drop in Government Borrowing

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The Office for National Statistics (ONS) today revealed that the UK Public sector net borrowing requirement for the month of which does not include public sector banks dropped to £10.5 billion from £11.4 billion recorded in August 2015, it was also slightly more than the forecasted deficit for the month.…

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Fundamental and Technical Outlook: AUD/JPY

👤Xinyang 🕔September 21, 2016

Fundamental Outlook: AUD/JPY

During the Asia-Pacific session the main event was the latest Policy Rate and Monetary Policy Statement by the BoJ. The BoJ kept interest on excess reserves and its QQE programme unchanged at -0.10% and 80 trillion JPY respectively.…

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Bank of Japan Left Interest Rate Unchanged

👤Xinyang 🕔September 21, 2016

News Event

From Trading Economics: The Bank of Japan left the interest rate unchanged at -0.1 percent at its September 2016 meeting but said it would introduce yield curve control to hasten its fight against deflation. Interest Rate in Japan averaged 2.96 percent from 1972 until 2016, reaching an all time high of 9 percent in December of 1973 and a record low of -0.10 percent in January of 2016.…

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BOC’s Poloz Hints Delay in a Rates Hike

👤Arthur Greene 🕔September 20, 2016

Stephen Poloz, Bank of Canada Governor has urged the country’s policy makers to forge ahead with measures to ease trade restrictions and spend more on infrastructure as a means to raise the currently weak long term growth rates. In a statement delivered in the city of Quebec, he said an aging population and other factors have dragged down the country’s “potential” growth rate to about 1.5%, further raising the downward pressure mounted on interest rates that goes well beyond efforts by the central bank to stimulate the economy.…

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Swiss Growth Outlook Brightened by Exports

👤Lisa Harris 🕔September 20, 2016

The Swiss Secretariat for Economic Affairs (SECO) in their latest report, stated that the Swiss economy has successfully restored its momentum in the recent quarters. There was however no significant difference between the previous set of quarters and the month of June.…

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RBA Minutes: Rates Remain Unchanged

👤Nurudeen Amedu 🕔September 20, 2016

Officials of the Reserve Bank of Australia (RBA) have decided against employing further easing bias at their meeting this month, a strong hint that interest rates will maintain their current value further into the future.

“Taking into account the recent data, and having eased monetary policy at its May and August meetings, the Board judged that the current stance of monetary policy was consistent with sustainable growth in the Australian economy and achieving the inflation target over time,” the minutes of the September 6 policy meeting showed Tuesday.…

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Fundamental and Technical Outlook: AUD/JPY

👤Xinyang 🕔September 20, 2016

Fundamental Outlook: AUD/JPY

During the Asia-Pacific session the main event was RBA meeting minutes from their September 6 meeting. The minutes stated that “data shows growth is close to potential and low AUD continues to support trade”, furthermore “policy stance is consistent with meeting CPI target over time but demand uncertainty is still weighing on non-mining investment”.…

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United States Homebuilder Sentiment Reaches 11-Month High

👤Xinyang 🕔September 20, 2016

News Event

From Trading Economics: The NAHB Housing Market Index in the United States increased to 65 in September 2016 from a downwardly revised 59 in August. Figures came well above market expectations of 60, reaching the highest in eleven months.…

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New Zealand Consumer Confidence on the Rise
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👤Lisa Harris 🕔September 19, 2016

According to Westpac’s most recent report, the New Zealand Consumer confidence gained in the third quarter. The Westpac-McDermott Miller consumer confidence index after dropping by 3.9 points to 106.0 in the previous quarter climbed to 108.0 in the third quarter. The index which is released every quarter has been on an apparent downward spiral in the last two years, this showed an underlying weakness in the New Zealand economy.…

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NAHB Index Posts 11 Month High
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👤Nurudeen Amedu 🕔September 19, 2016

Growing household income raises home sales
Positive NAHB numbers could raise clamor for a near term rate hike

The National Association of Homebuilders’ monthly housing market index, a measure of builder sentiment soared to 65 this month, evenly matched against the 11 month high that was the highest for the index since the year 2005.…

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New Zealand Consumer Confidence on the Rise Warning: A non-numeric value encountered in /home2/sharonox/public_html/wp-content/themes/allegro-theme-child/functions/other.php on line 93

NAHB Index Posts 11 Month High Warning: A non-numeric value encountered in /home2/sharonox/public_html/wp-content/themes/allegro-theme-child/functions/other.php on line 93

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New Zealand Consumer Confidence on the Rise
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NAHB Index Posts 11 Month High
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