Currency War Series

RBA comfort with current policy settings

Jan 07, 2016 23:19 pm UTC| Commentary Central Banks

In Australia, the domestic case for easier policy remains weak in the near-term despite signs of slower housing sector activity and weak commodity prices. Surveyed business conditions remain well above average and the...

Falling Oil prices drag Canadian dollar lower

Jan 07, 2016 21:21 pm UTC| Commentary Central Banks

Oil prices play vital role for the commodity currencies. One of them is Canadian dollar, which has reached the lowest level against the USD in over 12 years. One of the reasons for such depreciation is Bank of Canadas rate...

Renminbi Series

More volatility expected for CNY in 2016

Jan 07, 2016 21:13 pm UTC| Commentary

In the beginning of New Year, Chinas stock market is experiencing the highest volatility. The Peoples Bank of China (PBoC) set the Yuan reference rate at 6.5646 on Thursday, marking the third sizeable devaluation by the...

Currency War Series

Danish rate hike unlikely to be the first of many

Jan 07, 2016 17:55 pm UTC| Commentary Central Banks

Todays rate hike by the Danish central bank is not wholly surprising after the National Banks repeated intervention in 2015 to strengthen the krone. The National bank announced that it would raise the deposit rate from a...

Commodities snapshot (precious & industrial)

Jan 07, 2016 17:05 pm UTC| Commentary

Metal pack is mixed today, silver and copper is down, while gold is up. Performance this week at a glance in chart table - Gold - Gold has broken above $1100 resistance area, further rise likely. Todays range...

Norway’s Inflation set to remain at about 3%

Jan 07, 2016 16:53 pm UTC| Commentary

Norways core inflation is set to remain at 3.1% somewhat higher than Norges Banks forecast. Still the difference ( 0.1% point) is too small to have any effect on monetary policy. But a strong upside surprise could have...

Commodities snapshot (energy)

Jan 07, 2016 16:50 pm UTC| Commentary

Energy pack is up today. Weekly performance at a glance in chart table. Oil (WTI) - WTI recovered sharply after falling to lowest since 2003. Saudi-Iran tension means supply glut to stay in 2016, at least from Middle...