Norway's poor regional growth survey raises risk of earlier rate cut

Dec 07, 2015 05:22 am UTC| Commentary

The oil sell-off and future growth outlook highlighted in Norges Banks regional network survey weakened NOK and rose the risk of an earlier cut, notwithstanding ECBs meeting,There is a considerable fall in oil output as...

Daily Economic Outlook: 7th December, 2015

Dec 07, 2015 05:20 am UTC| Commentary

The industrial production data in German for October is scheduled to release today. The reading will give an indication of the Q4 GDP outlook. Following two months of consecutive decline, we forecast an increase of 0.8%...

Currency War Series

Swiss National Bank to stand pat this week

Dec 07, 2015 05:13 am UTC| Commentary Central Banks

SNB has its policy meeting this week and no change in the policy is expected, after last weeks ECB disappointment. Originally it was proposed that SNB would remove the exemption from negative depo rates for the domestic...

Currency War Series

ECB measures make the liquidity outlook brighter

Dec 07, 2015 05:05 am UTC| Commentary Central Banks

QE purchases programme was extended to March 2017, with the investment principal payments on securities purchased under the Asset Purchase Programme, as they mature, made the outlook for liquidity brighter with more...

Russian inflation begins deceleration

Dec 07, 2015 04:10 am UTC| Commentary Economy

Russian inflation decelerated to 15.0 % yoy in the month of November, from 15.6% yoy of the previous month. This is modestly below the consensus expectations. While there is decline in inflation, the monthly level at...

Japan's Q3 secondary GDP likely to be upgraded

Dec 07, 2015 03:54 am UTC| Commentary

This week seems relatively quite between ECB and FOMC meetings, with Japan Q3 GDP secondary release and October machinery orders will be key data to be focused on for JPY. The Q3 GDP is likely to be upgraded to show...

No surprises likely from BoE this week

Dec 07, 2015 03:19 am UTC| Commentary Central Banks

GBP/USD had seen a rebound last week after the ECBs disappointing decision. This weeks IP release should likely cap the upside movement, while last weeks fixed income sell-off saw a slight re-pricing of Fed-BoE gap, which...