Chinese economic data for the first two months of the year were mixed. On the one hand, industrial production and fixed asset investment growth came in above consensus estimates, accelerating to 7.0% y/y (vs. expectations of 5.2…

  Indicators continue to point to resilient US housing market dynamics. The NAHB Housing Market Index increased for the fourth consecutive month to an 8-month high of 51 in March, beating expectations it would remain unchanged at…

  Singapore non-oil exports (NODX) largely disappointed in February, contracting by 4.8% m/m following a 2.3% m/m expansion in January, and falling below expectations of a milder 0.5% m/m decline. In a similar vein, the 0.1% y/y…

  In a recent Insight we highlighted that the selloff in the price of iron ore – which is down 25.4% year-to-date – is sending a pessimistic signal on China’s economy, suggesting that the current rally in Chinese…

  According to BCA Research’s Global Asset Allocation service, the impact of the global savings glut is among the four structural trends that will drive EM debt going forward. As an asset traditionally further out on the…

  Chinese private sector credit demand remained weak in February, sending a negative signal about domestic economic conditions. Total social financing growth slowed from a record CNY6.5 trillion in January to CNY1.56 trillion,…

  Our US Beige Book monitor – which we use to gauge changes in the language of the Fed’s report – continues to signal lackluster US economic conditions. Historically, the monitor has closely tracked real GDP…

  According to BCA Research’s Foreign Exchange Strategy service, Australia’s macroeconomic environment validates a long AUD position, especially at the crosses. The market expects that the RBA will cut interest rates…

  The US retail sales report for February delivered a disappointing signal on Thursday. Although retail sales returned to expansion, the 0.6% m/m increase fell below anticipations of a 0.8% m/m rise. In addition, the prior month…