Category Archives: Macro Analysis

Thai Baht Gains Slightly as Bank of Thailand Holds Rates Steady

. Thai baht rises as Bank of Thailand keeps interest rates constant The Thai baht appreciated slightly versus the US dollar after the Bank of Thailand kept interest rates unchanged at 1.5% under the monetary policy released on November 4,

Eurozone Annual Inflation Remained Muted in October 2015

Eurozone annual inflation increased to 0.1% in October Most of the European nations are struggling with low inflationary pressure. According to Eurostat, the Eurozone’s annual inflation stood at 0.1% in October, compared to -0.1% in September 2015. With continuous low

Russian Ruble Fell as the GDP Reported an Economic Contraction

Russian ruble fell due to a continuing contraction The Russian ruble fell drastically by almost 2% against the US dollar on November 12, 2015. There was a contraction in the GDP (gross domestic product) growth in 3Q15. Lingering commodity prices had a

Banking Sector Got Hammered after the ECB’s Statement

The banking industry is a major player in the economy The banking sector is sensitive to monetary policy measures. On December 3, 2015, after the announcement of the ECB’s key monetary policies decisions, the banking sector fell by about 22%

A Fund Flow Analysis of SDY

SDY versus FVD The SPDR S&P Dividend ETF (SDY) seeks to mimic the investment results of the S&P High Yield Dividend Aristocrats Index. The index selects stocks that not only regularly provide high dividends to investors but also have the capability to provide

FEX Was Affected by the S&P 500’s Current Correction

FEX’s top holdings The First Trust Large Cap Core AlphaDEX ETF (FEX) seeks to track the performance results of the Defined Large Cap Core Index. The index provider selects only those stocks in its portfolio that have a high alpha.

US Dollar Index Rose: Non-Farm Payroll Beat Expectations

US Dollar Index reached a seven-month high The US Dollar Index measures the strength of the US dollar against a basket of six currencies. It reached a seven-month high on November 6, 2015. The labor data for October exceeded all of the expectations.

How Volkswagen Outperformed Banco Bilbao Vizcaya Argentaria

FEZ and its top performers In the last month, the SPDR EURO STOXX 50 ETF’s (FEZ) mean return was 0.37%. Its volatility was 5.1%, showing that it can fluctuate 5.1% above or below its mean return. FEZ’s mean return-to-volatility ratio was 7.3%.

Mortgage Applications Try to Stabilize in November

MBA mortgage applications rose 6.2% According to the MBA (Mortgage Bankers Association) survey, mortgage applications rose 6.2% for the week ending November 13. Along with the composite index, the refinance index also rose by 2.0% as compared to a 2.0% dip

Yuan: First Emerging Market Currency to Get Reserve Currency Status

What’s the SDR basket? The IMF (International Monetary Fund) created the SDR (Special Drawing Rights) fund in 1969 to address liquidity issues. Back then, according to the Bretton Woods agreement of the fixed exchange rates system, all of the countries pegged

New Orders Fail to Boost China’s Manufacturing and Service Sectors in October

China’s NBS manufacturing PMI Manufacturing accounts for about 31% of China’s GDP (gross domestic product). According to the China NBS (National Bureau of Statistics) manufacturing PMI (purchasing managers’ index ) remained unchanged at 49.8 in October 2015. While new orders

How Declining Wages and Salaries Kept Personal Income and Outlays Lower In September

Personal income in September In the US, wages and salaries represent over one-half of personal income. Despite declining wages and salaries, personal income increased by 0.1%, or $18.6 billion, in September 2015. Decreases in industrial demand have kept wages low.

Brazilian Real Rose Due to Speculation over the PTAX Rate

Brazilian real rose 1.5% The US dollar to Brazilian real currency pair is inversely related to the Brazilian real. It posted losses of 1.5% on October 29, 2015. The pair was the best performing currency for the day among the

The Japanese Yen Rises as the Bank of Japan Holds Further Easing

BoJ opts for no further increase in stimulus The Japanese yen rose versus the US dollar on October 30, 2015, as the BoJ (Bank of Japan) kept rates unchanged at 0.1% and refrained from increasing the monetary stimulus, even as the

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