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China: Consumption pivot points to slower growth - Rabobank

Rabobank’s Teeuwe Mevissen highlights that China’s Gross Domestic Product (GDP) growth undershot expectations in Q2, with persistent headwinds from weak domestic demand and a deepening real estate crisis. The report arg…

Crude Oil is pricing a Hormuz deal, not a peace deal

Crude Oil is lower on Thursday even as the war that sets its price reached a country it had spared for five months. WTI trades just above the $82.00 handle, down more than 1.5%, and Brent holds just above $86.50 with a …

Euro rises as Eurozone growth outpaces forecasts

EUR/USD trades higher near the 1.1460 area on Thursday as stronger-than-expected European economic data and softer United States (US) growth figures place pressure on the US Dollar (USD).

Singapore: Fiscal and FX coordination on policy – DBS

DBS Group Research economist Chua Han Teng analyzes Singapore’s latest SGD900mn fiscal support package and the Monetary Authority of Singapore’s (MAS) calibrated tightening of the Singapore Dollar (SGD) Nominal Effectiv…

Oil: Key driver of UK inflation scenarios – Rabobank

RaboResearch highlights Oil as the dominant input for UK monetary policy. The Bank of England’s central forecast assumes Oil prices fall from $76 to around $71, with inflation peaking near 3.2%, but Brent already trades…

Malaysia: Balanced macro profile supports Ringgit – MUFG

MUFG notes Malaysia remains one of Asia’s stronger-performing economies, with above-trend growth, low inflation and robust external demand, especially in electronics. Bank Negara Malaysia is expected to keep the Overnig…

Gold trades sideways as US GDP disappoints, core PCE cools

Gold (XAU/USD) remains trapped in its month-old $4,000-$4,200 range as the Federal Reserve’s (Fed) new era of limited forward guidance fails to shake the precious metal out of its sideways grind after policymakers left …

New Zealand Dollar: Business survey supports RBNZ hikes – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad notes the New Zealand Dollar (NZD) is stronger against major currencies, with local bonds underperforming as domestic data improve. The ANZ July business outlook survey point…