Currency War Series

Policy divergence between Fed and RBNZ likely to push NZD/USD towards 0.63

Dec 14, 2015 07:34 am UTC| Commentary Central Banks

In New Zealand, the key data releases are Q3 balance of payments and Q3 GDP. The latter is likely to rise, a payback for a soft H1. Business Confidence index and GT Dairy Auction are also due to release this week, the...

Currency War Series

RBA likely concerned by relative currency strength

Dec 14, 2015 07:06 am UTC| Commentary Central Banks

Reserve Bank of Australia board meeting minutes likely to show that the board is encouraged by stronger activity signs and more signals that the housing market is being cooled by the recent round of macro-prudential...

Currency War Series

Norges bank likely stand pat at December meeting despite oil price drop

Dec 14, 2015 06:55 am UTC| Commentary Central Banks

Norways inflation surprised the markets to the upside recently, and despite the long held hypothesis that the central bank is willing to bear a slight inflation shoot-up, it will not desire to fuel the weaker currency and...

Riksbank likely to stand pat in December meeting

Dec 14, 2015 06:46 am UTC| Commentary Central Banks

Swedens Riksbank is expected widely to keep its policy rate on hold in its upcoming policy meeting tomorrow, but retain an easing bias. Disappointing ECB meeting and higher-lower-bound prospects in EA rates, have abated...

Better Tankan survey means BOJ to stay put

Dec 14, 2015 06:41 am UTC| Commentary Central Banks

Today released, Tankan survey is likely to provide more ammunitions to Bank of Japan (BOJ) hawks (less dove actually) to argue for staying put and not increase stimulus from Current level. After European Central Banks...

Currency War Series

US Fed unlikely to signal about future path post first hike, data-dependent approach to dominate

Dec 14, 2015 05:40 am UTC| Commentary Central Banks

US Federal Reserve is likely to begin its hiking cycle this year, in its December meeting, by rising its near-zero interest rates, as widely anticipated. The likely path of the cycle(not the already priced in first hike)...

Bracing for Fed normalization

Dec 14, 2015 02:45 am UTC| Commentary Central Banks

Depending on how the market interprets Fed guidance at the upcoming FOMC on December 15/16, there could be some volatility in USD rates. A Fed hike of 25bps should come as no surprise. The market has already put the...