USD/CAD trades in narrow range, market awaits BOC policy decision for further direction

Oct 21, 2015 06:46 am UTC| Technicals Central Banks

Loonie has made a low of 1.2935 and recovered from that level. It has broken minor trend line resistance 1.2985 and is currently trading at 1.2994. Market awaits BOC monetary policy which will be announced on Oct...

No sufficient consensus among ECB members on QE2

Oct 21, 2015 06:35 am UTC| Commentary Central Banks

The ECB is expected to roll out QE2 - in the form of an extension beyond September 2016 - by the end of this year. The Feds non-decision and the data flow, at a global level and now increasingly at the Euro area...

US Treasury yeilds to move higher?

Oct 21, 2015 06:18 am UTC| Commentary Central Banks

More important than the timing of Feds first rate increase is obviously the trajectory of future hikes. For this reason, some rightly argue that the timing of the second hike is actually more important than the first,...

BoJ likely to add further stimulus

Oct 21, 2015 06:01 am UTC| Commentary Central Banks

Japanese trade data disappointed and fuel concerns about weakness in the global manufacturing sector. Export growth was the weakest in more than a year increasing 0.6% y/y in September down from 3.1% in August and...

What is the Fed waiting for?

Oct 21, 2015 05:42 am UTC| Commentary Central Banks

Overall, the Fed will conclude that the US economy remains over track once it is confirmed that the recent growth slowdown was largely due to an inventory correction and that the labour market continues to...

ECB's QE2 announcement more likely in December

Oct 21, 2015 05:41 am UTC| Commentary Central Banks

ECB President Mario Draghi manages to force a decision next week, but the bar on an immediate response seems to be high. An expectation of announcement of QE2 is extended from October to December. It is believed that...

Fed tightening may mount pressure on BRL

Oct 21, 2015 05:08 am UTC| Commentary Central Banks

The sharp deterioration in financial conditions in Brazil - given domestic and external sector developments - forced the BCB to come out in support of the BRL with some direct actions and indirect assurances (including the...