Euro zone interest rate outlook
Jan 24, 2016 22:46 pm UTC| Commentary
Earlier the economic condition in the euro area and free fall of oil market led the market to anticipate further deposit rate cut by Q4 2016. But after the January ECB meet, Market has changed its outlook and now focusing...
Draghi gives direct signal for March easing
Jan 24, 2016 21:56 pm UTC| Commentary Central Banks
ECB president Mario Draghi gave clear cut hint for March easing and stands pat for the statement that ECB is ready to act any time soon. According to his dovish message, ECB will possibly reconsider the policy stance at...
Russian ruble crashes to record low
Jan 24, 2016 21:12 pm UTC| Commentary
The Ruble has fallen for three consecutive years and is now under massive pressure from crudes unstoppable decline. In October 2015 the RUB touched its local high of 61.88 against the USD and after a short period of...
Higher oil prices, strong housing bolster central banks' stimulus hopes
Jan 22, 2016 18:05 pm UTC| Commentary Central Banks
Markets around the world surged onthe speculation that central banks will increase stimulus in reaction to the recent tumultuous financial markets. Particularly European markets improved significantly off word that ECB...
Euro area inflation bounce unlikely to prevent further stimulus
Jan 22, 2016 17:37 pm UTC| Commentary Economy Central Banks
The initial reading for January euro area annual inflation is forecast to see a second successive monthly rise. While oil prices fell in January, they dropped by even more at the same point last year. That should allow the...
FOMC to stand pat and is unlikely to send a strong signal of a March rate hike
Jan 22, 2016 17:33 pm UTC| Commentary Central Banks
Against this background, the US central banks policy committee meets for the first time this year (Wed). As it is only a few weeks since the Fed hiked interest rates, a policy change at this meeting has always been very...
Existing home sales surge in December, capping a solid year
Jan 22, 2016 17:22 pm UTC| Commentary
Existing home sales increased by 14.7% m/m in December, rising to 5.46 million units (annualized). The reading was well-above the consensus forecast, which called for a 5.20 million print. The December gain...