Posts From Nurudeen Amedu


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Chinese Data reveals a fall in New Yuan Loans

Chinese Data reveals a fall in New Yuan Loans

🕔August 13, 2016

  • China enters liquidity trap
  • Major slump in Chinese TSF

Data released has shown that Chinese banks raised their new yuan loans by 463.6 billion yuan ($69.78 billion) in July, the banks did not just slump significantly from the previous month but they also missed analysts forecast, with a slowdown in bank lending widely forecasted.…

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German GDP Data Comes in Better Than Forecasts

German GDP Data Comes in Better Than Forecasts

🕔August 12, 2016

  • German Economy in the clear?

Germany, the largest economy in the Eurozone showed very little signs of economic slowing stemming from the Brexit in its most recent gross domestic product data, as data from the country’s statistics office showed Germany’s economic growth rate for the second quarter of 2016 outpacing analysts estimations.…

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RBNZ Cut Rates by 2%

RBNZ Cut Rates by 2%
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🕔August 11, 2016

The Reserve Bank of New Zealand (RBNZ) slash rates yesterday by 0.25% to 2% in a bid to curb uncertainties arising from global growth. This is the sixth time the RBNZ have cut rates in the last 14 months. Showing that there will be some significant need for further easing, the RBNZ Governor, Graeme Wheeler said “Global growth is below trend despite being supported by unprecedented levels of monetary stimulus, significant surplus capacity remains across many economies and, along with low commodity prices, is suppressing global inflation. 

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RBNZ Rate Cut Ahead or Not?

RBNZ Rate Cut Ahead or Not?
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🕔August 10, 2016

  • This week holds a higher chance of a 25bp cut

As this week’s RBNZ Monetary Policy Statement draws closer. With the focus shifting to fiscal policy and global monetary policy having a long way to go, pressure will be mounted on some of the world’s major central banks to drive monetary policy further into the red.…

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UK GDP Comes in Weaker

UK GDP Comes in Weaker
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🕔August 9, 2016

  • Recession inevitable for the British economy
  • NIESR estimations remain in the red

The UK’s economic growth came in 50% lesser for the last three months when compared to the preceding 3 months, according to an analysis conducted by one of the UK’s most respectable think tank; the National Institute of Economic and Social Research (NIESR).

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Yuan on Track for More Volatility

Yuan on Track for More Volatility

🕔August 8, 2016

The Chinese yuan today weakened offshore in the wake of the People’s Bank of China’s decision to lower the currency rate’s daily reference, the yen also strengthened onshore against the US dollar today, as the morning trading hours were surrounded by choppy trades.…

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The BOE’s New Term Funding Scheme

The BOE’s New Term Funding Scheme

🕔August 6, 2016

  • Will Banks benefit from the scheme?
  • The BOE move to save banks

A former rates setter on Friday stated that, “the new term funding scheme recently unveiled by the Bank of England will not hold as a continuously weak demand for loans persists with banks remaining under-capitalized”.…

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Market Reels from BOE Stimulus

Market Reels from BOE Stimulus
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🕔August 5, 2016

The pound turned sharply lower Thursday after the Bank of England cut interest rates for the first time in seven years and announced a fresh round of stimulus measures intended to mitigate the effect of the U.K’s decision to leave the European Union.…

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Time to Go Bull on Gold

Time to Go Bull on Gold
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🕔August 4, 2016

  • Major investors see bright future for Gold
  • Gold emboldened by market climate

Victor Sperandeo, CEO of EAM Partners, clarified that the USD and Gold are negatively correlated as he stated that the economic decline will continue to bolster Gold’s performance in the market.…

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BOE Pressured to Cut Interest Rates as Manufacturing Slumps

BOE Pressured to Cut Interest Rates as Manufacturing Slumps

🕔August 3, 2016

  • NIESR have disturbing revelations for the future of the UK economy
  • Brexit strikes again

According to figures released today, activity in the UK manufacturing sector experienced a major slump in in July. The CIPS/Markit UK manufacturing PMI fell by 8% from its July value of 52.4, as it reportedly came in at 48.2, the results have currently raised the pressure currently mounted on the Bank of England to cut interest rates in their meeting on Thursday.…

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