EUR/SEK likely to end 2016 around 9.7, to gradually decline towards 9.20 by end-2017

Nov 21, 2016 11:18 am UTC| Commentary

In the past month, the Swedish krona has continued to depreciate against the euro, compounding the total fall in the currency to about 7 percent year-to-date. The depreciation occurred in spite of positive signs of...

Improvement in global debt market, stabilizing dollar likely to ease Polish zloty in near-term

Nov 21, 2016 10:55 am UTC| Commentary Economy

Improvement in theglobal debt market, coupled with signs of stabilization in the greenback is expected to bring about some relief to the Polish zloty. Poland stands by its plans to transfer 25 percent of pension fund...

AUD/USD likely to trade around 0.77 by end-2016 and 0.78 by end-2017

Nov 21, 2016 10:49 am UTC| Commentary

The AUD/USD currency pair is trading in a well-defined range, moving between 0.74 and 0.78, noted Lloyds Bank in a research report. Australias economic outlook continues to be comparatively positive. The nation continues...

Italian assets likely to underperform till referendum

Nov 21, 2016 10:43 am UTC| Commentary

The Italian assets such as the FTMIB stock market are likely to underperform the European peers until the key constitutional referendum on December 4th. Voters are to be asked whether they approve of amending the Italian...

UK gilts flat in subdued trade, 10-Year gilt auction in focus

Nov 21, 2016 10:42 am UTC| Commentary

The UK gilts traded nearly flat Monday as markets receive no more important data of great significance today. The yield on the benchmark 10-year gilts, which moves inversely to its price, hovered around 1.45 percent...

Brazilian Central Bank likely to adopt waiting stance for time being

Nov 21, 2016 10:31 am UTC| Commentary

The favorable environment in Brazil, such as the BRL rally, decelerating inflation, relief on the political front has been beneficial for the Brazilian central bank, which took advantage of this environment and cut its key...

Goldman Sachs sees S&P 500 at 2500, calls as next bullish target

Nov 21, 2016 10:05 am UTC| Commentary

Goldman Sachs has called for 2500 in the US benchmark stock index as the next bullish target in the wake of Trump Presidency before the financial markets take any bearish turn. Goldman Sachs is forecasting a price target...