Currency War Series

Rate hike expectations from BOE move up

Mar 11, 2016 11:52 am UTC| Commentary

Even though inflation expectations moved down, latest survey by Bank of England (BOE) shows that people are more confident that rates are likely to move up over next 12 months. According to 4000 Britons surveyed, 38% of...

Currency War Series

South African Reserve Bank likely to proceed with rate hike cycle in 2016

Mar 11, 2016 11:25 am UTC| Commentary Central Banks

The South African Reserve Bank is expected to hike its key rate to 7% as the high CPI inflation outlook continues to pressurize the central bank to go ahead with its rate hike cycle. According to the MPC, the South African...

Japan’s wage growth to slow further in 2016

Mar 11, 2016 10:44 am UTC| Commentary

Japans wage negotiations results are expected to be disappointing based on preliminary information. With the weak global economic environment, it is understandable that the manufacturing companies want to be wary. Export...

Sweden’s CPIF inflation likely accelerated in February

Mar 11, 2016 10:22 am UTC| Commentary

Swedens CPIF inflation is expected to be in line with the central banks forecast of 1% y/y in February, whereas CPIF excluding energy is likely to be 0.1% higher at 1.4% y/y. Inflation is still likely to have been impacted...

Oil in Global Economy Series

Oil may have bottomed according to IEA

Mar 11, 2016 09:53 am UTC| Commentary

The agency, which was predicting a glut to persist till the end of decade, suggested that oil price may have bottomed in todays released report. Oil price has gained close to 50% from their made in early February, however...

Danish central bank to follow normal reaction function, narrowing EUR-DKK monetary policy rate spread

Mar 11, 2016 09:42 am UTC| Commentary Central Banks

The Danmarks Nationalbank yesterday stated that it kept the interest rates on hold. Hence, the interest rate on certificates of deposit is kept unchanged at -0.65% and the EUR-DKK monetary policy rate spread is narrowed to...

Metal Supply & Demand Series

Iron ore performs strongly so far in 2016 but likely to recoil as underlying fundamentals remain weak

Mar 11, 2016 09:33 am UTC| Commentary

Iron ore has had a very good start in 2016 with prices rising 50%, making year-to-date best performing industrial commodity traded globally. The solid performance is due to the restocking cycle, before the spring...