Fed's signals on rate hike likely to weigh on gold

Oct 27, 2015 10:14 am UTC| Commentary Central Banks

Gold is trading largely unchanged at around $1,165 per troy ounce in the run-up to tomorrows meeting of the US Federal Reserve. According to figures from the International Monetary Fund, not only China and Russia (see...

GDP figure set to decide Pound’s mood ahead of FOMC

Oct 27, 2015 09:02 am UTC| Insights & Views Central Banks

Today flash estimate of third quarter GDP report from UK to be released at 9:30 GMT. UKs GDP is expected to grow at 0.6% on quarterly basis and 2.4% y/y. Why the GDP figure crucial? Gross domestic product (GDP)...

PBoC's rate corridor at short end

Oct 27, 2015 07:53 am UTC| Commentary Central Banks

The PBoC has several instruments for managing short-term liquidity: bank reserves, open market operations (OMOs), including short-term liquidity operations (SLOs), and standing lending facilities (SLFs). The rates on these...

ECB has zero tolerance regarding EUR appreciation

Oct 27, 2015 07:16 am UTC| Commentary Central Banks

The slowdown in the emerging markets is starting to cast an ugly shadow on the euro area. However, corporates are not yet singing the blues, at least not according to the leading indicators. The manufacturing PMI remained...

CBC likely to keep its benchmark rate unchanged

Oct 27, 2015 06:55 am UTC| Commentary Central Banks

Taiwanese industrial production fell 5.3% y/y in September, below expectations. As with the disappointing September exports release, a slow inventory adjustment continued to weigh on electronics. Indeed, TSMC Chairman...

Fed policy-expectations driven rally in USD unlikely

Oct 27, 2015 05:35 am UTC| Commentary Central Banks

Fed is unlikely to tip its hand too strongly for or against a December rate increase leaving the immediate FX impact limited. However, external risks to US growth have incrementally reduced with the ECBs strong signal of...

October FOMC meeting to be a game changer?

Oct 27, 2015 05:23 am UTC| Commentary Central Banks

Next weeks FOMC meeting will be a game changer for front-end rates. Instead, the debt ceiling showdown in DC and the global risk sentiment after a dovish ECB and PBoC will likely take center stage. While it is far from...