Worrisome Signs Series

Worrisome signs series – US business cycle coming to end?

Jan 14, 2016 09:11 am UTC| Commentary Economy Central Banks

Last time US faced business cycle contraction dates back to 2007, at a time of great recession, which finally ended in June 2009 and it has been expanding since then. Though it is very difficult to gauge how the world...

What will BoE's Ian McCafferty do today?

Jan 14, 2016 08:34 am UTC| Commentary Central Banks

This guy, Ian Alexander McCafferty might decide pounds movement today. He might have the biggest potential to move pound today. For those, who are not so familiar with him, he is a British economist, currently serving...

Should the BOJ fret about the yen’s recent move?

Jan 14, 2016 03:04 am UTC| Commentary Central Banks

Since the start of this year USD/JPY breached the level of 120 and fell to 117-118 in the recent one week. Compared to the end of 2015, the yen has appreciated 1.7% versus the dollar, 1.9% versus the euro, 3.0% versus the...

Currency War Series

ECB to maintain dovish bias in 2016

Jan 13, 2016 21:33 pm UTC| Commentary Central Banks

Recently US crude futures slipped below the key $30 level for the first time since December 2003. Due to the free fall of oil prices, markets anticipate further rate cuts by ECB in March. Indeed, Brent oil prices are now...

Plenty of reasons to support BoE’s wait and see approach

Jan 13, 2016 14:42 pm UTC| Commentary Central Banks

Despite continued strong jobs gains seen in UK, wage data have softened. And along with downward growth revisions and Brexit uncertainties, we now see plenty of reasons to support BoEs wait and see for longer...

Currency War Series

Hungarian base rate likely to cut from 1.35% to 1% in H1 2016

Jan 13, 2016 12:03 pm UTC| Commentary Central Banks

MNB economist and director Barnabas Virag recently stated that there is still space for further monetary easing in Hungary. With the preparation of estimates for the Q4 Inflation Report, the inflation developments have...

Currency War Series

Further quantitative easing measures unlikely from BoJ

Jan 13, 2016 10:40 am UTC| Commentary Central Banks

Bank of Japans monetary authorities are seen confident to achieve the price stability target of 2% Y/Y facilitated by current asset purchase program that seeks to increase the monetary base by 80 trillion annually....