Firm USD after ECB meeting pushes gold price down

Sep 04, 2015 09:21 am UTC| Commentary Central Banks

Gold fell to a good $1,120 per troy ounce as a result of the ECBs press conference and is trading only slightly above this level this morning. In euro terms, the yellow precious metal held its own at around 1,010 per...

Fed not worried for turbulence in China and EM

Sep 04, 2015 07:47 am UTC| Commentary Central Banks

In the view of the markets a weak or strong labour market report might catapult the Feds decision in one of two contrasting directions just shortly before the September meeting: no more rate hikes this year or even two at...

ECB's QE extension likely in December

Sep 04, 2015 07:27 am UTC| Commentary Central Banks

The ECB is likely to be under increased pressure to act in view of the notable downward revision of the inflation outlook as the central bank expects the inflation rate fall to 1.5% in 2016. Moreover, the bank is...

BoE to raise interest rate at a pace of around 75bp annually

Sep 04, 2015 06:40 am UTC| Commentary Central Banks

Most MPC members are unlikely to feel comfortable with the near-term inflation outlook but the pickup in January should reduce concerns. In other words, the BoE can tick off the last but one of our boxes around the turn...

CBR on alert to counter market instability

Sep 04, 2015 04:43 am UTC| Commentary Central Banks

Global risk aversion and the fall in oil prices have pushed the RUB below 70 per USD. The possibility of a rate hike by the Central Bank of Russia is not ruled out and this is caused to initiate a 1y cross-currency payer...

Fed rate hike conditional for renewed USD strength

Sep 04, 2015 03:37 am UTC| Commentary Central Banks

Comments by Fed members suggest the FOMC could still raise interest rates on 17 September. This is the base case scenario due to the optimism for rising US wage growth. It is cognizant of the greater uncertainty due to...

RBNZ's OCR outlook beyond September

Sep 04, 2015 03:11 am UTC| Commentary Central Banks

Sooner or later, the RBNZ will cross the 2.5% threshold. New Zealand is entering a significant economic slowdown at a time when core inflation is already well below the RBNZs target, meaning monetary policy has a great...