Currency War Series

Riksbank seems relaxed even if SEK appreciates moderately after ECB's rate decision

Dec 03, 2015 09:05 am UTC| Commentary Central Banks

Riksbanks Executive Board sound much more relaxed about a moderate appreciation of the krona, believing that ECB would take further accomodative action, thus signalling to the market that EUR-SEK might well move notably...

Emerging Market Crisis Series

South Korean economy better despite slowing China and MERS

Dec 03, 2015 09:03 am UTC| Commentary Economy Central Banks

GDP figure for third quarter, released by Bank of Korea (BOK) showed that economy didmuch better in the third quarter than originally anticipated. Korean economy faced heavy headwinds from slowdown in exports to China and...

Australia's real sales in line with long-term trend, low inflation weighs on retail turnover

Dec 03, 2015 08:49 am UTC| Commentary Economy

Australias retail sales are expected by market consensus to be 0.4% month on month on a seasonally adjusted basis, being unchanged from that of its previous month. Retail sales in October stood at 3.7 yoy. If there...

Emerging Market Crisis Series

Brazil's Indstrial Production continues its sharp deceleration

Dec 03, 2015 08:39 am UTC| Commentary Economy

Brazils IP dropped by 9.5% in third quarter. The industrial production for October month on month basis is expected by the market consensus to decline by -0.1%, while year on year basis is expected at -10.4%. Recent...

Currency War Series

ECB likely to expand asset purchases beyond September 2016

Dec 03, 2015 08:34 am UTC| Commentary Central Banks

Headline inflation gave a downward surprise and stayed at 0.1% y/y in November. The inflation rate for services in euro area fell to 1.1% inNovember in compare to 1.3% in previous month. Similarly, core inflation declined...

Production cut in OPEC’s Vienna meeting unlikely

Dec 03, 2015 08:26 am UTC| Commentary

OPEC members will hold their winter summit in Vienna tomorrow. Some expectations are there in the market that there could be some consensus over production cut. Venezuelan representative at OPEC said that he will be...

Currency War Series

Brazil Copom minutes to throw light on divided rate decision

Dec 03, 2015 07:36 am UTC| Commentary Central Banks

Brazil Central Banks decision to leave the SELIC rate stable at 14.25% in recent Copom meeting was as predicted. This decision was not unanimous however, with six members voted for it and two voted against it and were in...