Currency War Series

ECB measures make the liquidity outlook brighter

Dec 07, 2015 05:05 am UTC| Commentary Central Banks

QE purchases programme was extended to March 2017, with the investment principal payments on securities purchased under the Asset Purchase Programme, as they mature, made the outlook for liquidity brighter with more...

No surprises likely from BoE this week

Dec 07, 2015 03:19 am UTC| Commentary Central Banks

GBP/USD had seen a rebound last week after the ECBs disappointing decision. This weeks IP release should likely cap the upside movement, while last weeks fixed income sell-off saw a slight re-pricing of Fed-BoE gap, which...

Looking past the ECB and unto the Fed

Dec 07, 2015 02:55 am UTC| Commentary Central Banks

Market sentiment flip-flopped over the past two trading days. Disappointment on European Central Banks (ECB) policy actions triggered a sharp selloff in UST and Eurozone sovereign bonds. Equity markets followed suit. By...

Currency War Series

Russia's central bank to remain on hold, although a close call

Dec 07, 2015 00:40 am UTC| Commentary Central Banks

Russia rate decision will be the main event in EMEA. Although a close call, CBR is expected to keep policy rates unchanged. The market is split on the rate decision with only 12 out of 23 economists expecting the CBR to...

Renminbi Series

USDCNY on the verge of a break higher

Dec 07, 2015 00:18 am UTC| Commentary Central Banks

USDAsia crosses have failed to gain upward momentum in the past week after the ECB disappointed markets. Although the FX market is likely to consolidate ahead of the FOMC statement on 16 December, the risk to regional...

November jobs report gives Yellen green light

Dec 04, 2015 18:03 pm UTC| Commentary Central Banks

Todays jobs report was the last key release ahead of the FOMC meeting on 15-16 December and should make the Fed feel comfortable about raising the Federal funds rate target for the first time since 2006. The November...

November US employment report checks all the boxes and looks to be more than "good enough" for Fed

Dec 04, 2015 15:14 pm UTC| Commentary Central Banks

Non-farm payrolls increased by 211k in November, above expectations for a 200k gain. Revisions to the previous two months added 35k to the tally, with Octobers print nearing a cool 300k as a result. Private payrolls...