Research Team at TDS, suggests that today’s highlight is the Turkey’s Q3 GDP data that is likely to show a deceleration from 3.8% Y/Y recorded in Q2. Key Quotes “On a sequential basis, the consensus looks for 1...
The USD/CHF pair has retraced almost 61.8% of the spike seen from mid-October to November high ahead of the Swiss National Bank rate decision. SNB expected to keep rates unchanged The central bank is widely expected to keep the deposit rate unchanged at -0.75...
Kit Juckes, Research Analyst at Societe Generale, suggests that they don’t expect the SNB to cut rates further this week, because they don’t have to. Key Quotes “With EUR/USD above 1.10 there is no pressure to the downside in EUR/CHF...
Research Team at Goldman Sachs, suggests that downside risk for oil remains our top risk. Key Quotes “Like last year, we continue to view downside risk to oil prices as the key risk to our constructive view...
Research Team at Goldman Sachs, suggests that downside risk for oil remains our top risk. Key Quotes “Like last year, we continue to view downside risk to oil prices as the key risk to our constructive view...
Research Team at TDS, notes that the employment in November apparently jumped by a little over +71k, defying fairly widespread expectations of a small correction (TD and mkt –10k) after the outsized October print (revised down but still a solid +56.1k...
Research Team at TDS, notes that the RBNZ cut the Official Cash Rate (OCR) by -25bp to 2.5%, revisiting post GFC-lows, citing slowing growth, lower terms of trade and low inflation. Key Quotes “Was expected by TD and 15/18 analysts...
James Knightley, Senior Economist at ING, suggests that the ECB’s less aggressive actions last Thursday and sterling’s response means the BoE can move back to the centre ground again...
Research Team at Goldman Sachs, maintains the view that a normalization of policy that is primarily growth driven poses little risk to credit spreads, but history suggests fund flows do not fare well during hiking cycles...
Carsten Brzeski, Chief Economist at ING, notes that German exports dropped in October but the weak euro helps in dampening the impact from lower global demand on the German economy. Key Quotes “German exports dropped by 1.2% MoM in October, from +2.6% in September. As imports dropped by 3...
Research Team at Goldman Sachs, suggests that the most recent move by the ECB may have eroded some of their credibility...
Research Team at Investec, explains that how monetary policy divergence will be a key theme for the global economy next year with the US looks set to see rate rises, albeit gradual ones. Key Quotes “Global Monetary policy divergence will be a key theme for the global economy next year...
The ongoing rout in the Asian markets extend for the third consecutive session on Thursday, taking the negative lead from the overnight US and the European stocks. While oil prices hovering near six-year lows continued to weigh on the energy and resource stocks...
Making a note of China Central Bank’s open market operations, PBOC drains a net 50 bln Yuan for the week, versus a net 50 injection last week. As for today, PBOC injects 20 bln Yuan through 7 day reverse repos...
The latest employment figures from Australia, as released by Australian Bureau of Statistics (ABS), surprised markets to the upside in Nov, with the unemployment rate falling 0.1 pts to the lowest since May 2014 at 5.8% against 5.9% seen in Oct...
Sean Callow, analyst at Westpac noted the key events apart from the Aussie jobs data coming up, released at 11:30am Syd/8:30am Sing/HK. Westpac’s forecast of -20k change in total employment is at the bottom of the range (-20k to +15k, median -10k...
The Australian dollar extended its decline against its American rival down to 0.7188 this Wednesday, weak amid falling commodities and despite the dollar's sell-off...
Analysts at ANZ said that the RBNZ’s decision to cut the OCR today was of course against our own view. Key Quotes: "But when all is said and done, we can’t really quibble with it. In many ways the cut was of last week’s ECB-style easing; a cut was delivered, but it was of the hawkish variety...
Kit Juckes, economist at Societe Generale explained that the RBNZ, as expected by the majority of people who forecast RBNZ moves, cut the Cash Rate to 2.5%. Key Quotes: "The Kiwi took off like a grouse and so far, the FX market has not been able to shoot it down. A bit like the Euro...
10.12.2015 00:00Consumer Inflation Expectation (December) Currency: AUD, Importance: Medium...
