Turkey GDP growth likely to accelerate in Q4 2015

Dec 11, 2015 07:37 am UTC| Commentary

Turkey posted a robust economic growth of 1.3% q/q and 5.4% y/y in Q3 after adjusting the number of working days. With this figure, the economy recorded highest year on year growth since 2011. Private consumption...

NZD/USD likely to retest the summer’s low below 0.65 over coming months

Dec 11, 2015 07:24 am UTC| Commentary

There are some signs of stability in latest weeks, but the near-term fundamentals points to the downside risks. An anticipated rise in US interest rates, rising signs of weakness in economy, further domestic policy...

AUD likely stable in 2016 on turn in commodity cycle and economy improvement

Dec 11, 2015 07:15 am UTC| Commentary

A broad stability in AUD is expected in 2016 with the turn in commodity cycle and improvement in Australian economy. It has declined sharply this year, with falling iron ore prices. AUS/USD seems to have found good support...

Currency War Series

Norges Bank likely to remain on hold in December

Dec 11, 2015 07:06 am UTC| Commentary Central Banks

Core inflation of Norway surprised the market on upside in November as it is increased by 3.1%. The Norges Bank was expecting the figure at 2.96%. The higher than expected inflation is the result of increase in year on...

Generalised firming of USD likely to push USD/JPY higher over coming months

Dec 11, 2015 07:03 am UTC| Commentary

As widely anticipated now, if there would a beginning in the Feds hiking cycle in its upcoming meeting in December, there would be a generalized firming in the dollar, which might simultaneously push USD/JPY higher in the...

UK construction output data continues to puzzle?

Dec 11, 2015 06:48 am UTC| Commentary Economy

UKs construction output is expected to rise to 1.0% in the month of October on mom basis seasonally adjusted, as per the consensus, while the year on year value is likely to come in at -1.1%. There is high support from...

Italy's industrial production likely weakened in October

Dec 11, 2015 06:40 am UTC| Commentary

Itlays industrial production is expected to record at 0.3% for the month of November month on month basis, by market consensus, while it is expected at 2.0% yoy basis. Consistent with the marked slowdown in merchandise...