CNB likely to remain committed to its EUR/CZK floor of 27.00 well into H2 2016

Dec 30, 2015 06:48 am UTC| Commentary Central Banks

Czech Republics headline inflation came in as a downside surprise over last six months. Inflation came in at 0.1% yoy in November while CNB forecasted it at 0.5%yoy. The central bank cited that lower than expected food...

Fundamental Evaluation Series

EUR/HUF likely to trend lower in long term as Hungary’s fundamentals remain robust

Dec 30, 2015 06:41 am UTC| Commentary

In Hungary, the gross government debt (% GDP) is seen declining. NBH estimates it to reach 75.6% and 73.9% by YE 2015 and 2016, respectively from 76.9% in 2014. As per AKK, the share of FX in public debt stands at 32%,...

EUR/PLN likely to trade at 4.20 by end of Q1 2016

Dec 30, 2015 06:25 am UTC| Commentary

EUR/PLN overshot largely due to ECBs last meeting. In its December meeting, ECB came accross less dovish than the market expected, driving EUR/USD to 1.09. As a result EUR/PLN rose. US Fed is expected to continue rising...

US consumer confidence rebounds in December

Dec 30, 2015 04:55 am UTC| Commentary

November Conference boards consumer confidence index posted a sharp drop, and in December it rose to 96.5., above what market consensus has expected. November reading for headline index revised upwards to 92.6. Present...

Currency War Series

Softness in Korean trade and production likely to keep BoK’s monetary stance accommodative in 2016

Dec 30, 2015 03:32 am UTC| Commentary Central Banks Economy

Korean industrial output dropped unexpectedly 0.3% year on year in November, much weaker than what market consensus has expected. On a seasonally adjusted mom basis, the industrial production declined 2.1%. This...

US November trade report leaves Q4 GDP tracking at 1.6%

Dec 30, 2015 03:25 am UTC| Commentary

In November, US nominal monthly trade deficit in goods narrowed to 60.5 bn, from that of the previous months value of 61.3bn dollars, as per the advance report on international trade in goods by Census bureau. This...

South Korea's industrial output unexpectedly fell in November

Dec 30, 2015 01:08 am UTC| Commentary

Industrial output unexpectedly fell 0.3% y/y in November, much weaker than expected (Consensus: 1.6%). On a seasonally adjusted m/m basis, IP fell 2.1%, the second consecutive m/m contraction (Oct: -1.3%; Sep: +2.3%). The...