Steady growth in Hungary's Inflation, industrial production points to strengthening economy
Dec 08, 2015 15:54 pm UTC| Commentary
Hungarys industrial production for October 2015 was up 12.7% y/y WDA. This is better than expected reading than a simple average of October outturns since 2000 and the strongest October year-on-year growth rate since that...
SNB likely to remain on hold despite ECB rate cut
Dec 08, 2015 15:35 pm UTC| Commentary
After the modest rate cut by the ECB last week, a rate cut by the Swiss National Bank (SNB) on Thursday is a risk scenario. It is believed SNB to remain on hold as the upward pressure on the CHF is limited at the moment....
Candian housing starts continue to trek higher in November
Dec 08, 2015 15:14 pm UTC| Commentary
Canadian new home construction continues to build steam. Monthly housing starts rose to 211,916 units last month, up from 197,712 in October, with the 6-month moving average reaching 208,401 units in November. CMHC focuses...
Currency snapshot (commodity pairs)
Dec 08, 2015 13:30 pm UTC| Commentary
Dollar index trading at 98.81 (+0.47%) Strength meter (today so far) - Aussie -0.75%, Kiwi -0.18%, Loonie -0.78%. Strength meter (since last week) - Aussie -1.75%, Kiwi -1.72%, Loonie -1.84%. AUD/USD - Trading at...
Dec 08, 2015 13:14 pm UTC| Commentary
Energy pack is in red today. Weekly performance at a glance in chart table. Oil (WTI) - WTI is sharply down as OPEC scrapped its ceiling in Fridays meeting. Moreover Iran is set to increase production. Price has...
Dec 08, 2015 13:08 pm UTC| Commentary Central Banks
Currency crosses in Scandis are cushioned with the impetus from their respective central banks single mindedly targeting growth in Norway and inflation in Sweden. Growth will eliminate the output gap and core inflation...
Dec 08, 2015 13:04 pm UTC| Commentary
USDNOK is at all-time highs of 8.7625 trending even higher. Technically, we see no reasons for concluding these as overbought scenes. While USDSEK failed resist three and half months highs of 8.7273 levels but making...
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