Currency War Series

Norges Bank unlikely to cut rate at next meeting

Dec 17, 2015 11:43 am UTC| Commentary Central Banks

The Norges Bank hold the bank rate unchanged at 0.75% as expected. However, some experts argued that the Bank may cut rate as fall in oil prices affected the economy. The oil price fell more than what the central bank...

Fed Hike Aftermath Series

FED hike aftermath series – Banks pass hike to consumers

Dec 17, 2015 11:37 am UTC| Commentary

JPMorgan has joined Wells Fargo in passing the additional cost, arising from US Federal Reserves rate hike yesterday to consumers by increasing the prime rate by similar amount, 25 basis points to 3.5%. However, both...

Fed Hike Aftermath Series

FED hike aftermath series – Probability check on next FED hike

Dec 17, 2015 11:17 am UTC| Commentary

With first rate indicating beginning of policy normalization, as FED hiked 25 basis points in yesterdays meeting, market focus will be on subsequent hikes. Overall market is predicting two more hikes next year. Lets...

Currency War Series

Norway's Krone rules against strong Dollar as Norges Bank hold rates

Dec 17, 2015 10:49 am UTC| Commentary

After drop against Dollar yesterday, as US Federal Reserve raise rates by 25 basis points, Krone is just in forward march today after Norges bank kept rates steady at 0.75%, despite weakness in oil price, Norways biggest...

Metal Supply & Demand Series

Precious metal prices lose their gains due to stronger USD

Dec 17, 2015 10:41 am UTC| Commentary

US Federal Reserve hiked its near zero interest rates as expected widely by 25 bps on December 16. Adding to that, Fed Chair Yellen prepared markets saying that there would be further gradual hikes in 2016, which would of...

Oil in Global Economy Series

Strong inventory build in the US weighs on oil prices

Dec 17, 2015 10:32 am UTC| Commentary

There is a decline of 5% in oil prices yesterday and hence they lost most of the gains they made in last 2 days. Brent is trading at $37 per barrel after the contract roll over and WTI costs more than $35 per...

Hungary AKK plans limited moderate Eurobond issue in 2016

Dec 17, 2015 10:23 am UTC| Commentary

Hungarys AKK, debt management agency, stated its 2016 borrowing plan on December 16, most of which were consistent with expectations, but it is worth to note that AKK announced issuing Eur 1 bn of Eurobonds.This would be a...