EUR/USD likely to trade side-ways into year-end

Dec 21, 2015 03:42 am UTC| Commentary

Euro Area inflation expectations in the long term declined once again after the disappointing ECB meeting and muted inflationary pressure is likely in the time horizon. We expect EUR/USD to trade side-ways into year-end...

UK growth likely to fall further to 1.9% y/y in 2016

Dec 21, 2015 03:22 am UTC| Commentary

There is final read of UK Q3 GDP this week, which is important for GBP and is expected to be dropped modestly from the previous reading of 2.4% yoy in Q2 and 2.7% in Q1, widely by consensus. Despite this weeks November...

US inflation outlook to set the pace of Fed's monetary tightening

Dec 21, 2015 03:10 am UTC| Commentary

US Fed hiked its interest rates as widely priced in last week. With the uncertainty about the Feds hike, the risk premia should decrease somewhat and help the risky action in coming two weeks, could be erratic as liquidity...

NJA Asia: More pain ahead

Dec 21, 2015 02:54 am UTC| Commentary

What will be more important for Asian FX is the pace of Fed hikes. Countries with large external borrowings and high levels of foreign ownership will likely suffer most as USD liquidity tightens. In Asia, this implies that...

Forming a government will not be easy in Spain

Dec 21, 2015 02:00 am UTC| Commentary Politics

With over 99% of the vote counted, the results of the general election delivered neither an absolute majority for a single party (as was widely expected) nor any clear government coalition. Therefore, a minority government...

Emerging Market Crisis Series

EMEA: Monetary policy decisions in Turkey and Israel

Dec 21, 2015 00:55 am UTC| Commentary Central Banks

In Turkey, the CBT recently communicated its intention to implement the simplification of interest rate policy following the Fed rate hike in December. In line with this strategy the CBT raised remuneration on FX required...

US personal income to advance a further in November

Dec 21, 2015 00:42 am UTC| Commentary

The buoyancy in labor market activity and strong gains in rental and other proprietary income should continue to bolster personal income. Personal income is expected to advance a further 0.2% m/m in November, following the...