UK PMIs to drive further sterling weakness

Nov 30, 2015 07:08 am UTC| Commentary

The factors like disappointing activity data, ECB easing, following recent confirmation in Governments planned fiscal consolidation are likely to weigh on GBP/USD this week. We forecast November manufacturing and...

Russia’s inflation decelerate in Q1 16

Nov 30, 2015 07:03 am UTC| Commentary

Russia experienced a worsen inflation outlook in October as it was 15.6% y/y. The sharp decline is due to base effects while RUB has been stabilized. Central Bank Governor, Nabiullina gave a hint of initiating rate cut...

Turkey to face inflationary pressure in near future

Nov 30, 2015 06:49 am UTC| Commentary

The Turkey government has decided to hike its minimum wage rate by 30% y/y in 2016. Therefore, inflation rate in the economy is expected to surge up in near future and thereby, TRY will be under pressure. We expect...

Global factors to determine USD/JPY dynamics this week

Nov 30, 2015 06:46 am UTC| Commentary

Global factors will likely dominate USD/JPY movement this week, including ECBs rate decision, Fed chair Yellens testimony on US economic outlook in front of Congress and NFP as well. Latest developments will be provided...

ECB to deliver a 10bp rate cut?

Nov 30, 2015 06:37 am UTC| Commentary Central Banks

This weeks ECB meeting will be main driver for EUR/USD. A rate cut is broadly expected, along with an extension in the QE programme. The comments passed by ECB in its recent meeting about the Euro Area inflation, have...

FOMC to start its hiking cycle as early as in its next meeting?

Nov 30, 2015 06:21 am UTC| Commentary Central Banks

There are anticipations that US Federal Reserve starts its hiking cycle in its December meeting, the market will be waiting for confirmation on the starting and the pace of its rate hike cycle. There is a 74%...

Currency War Series

Banxico likely to remain on hold

Nov 30, 2015 06:15 am UTC| Commentary

October unemployment rate in Mexico edged up to 4.37% sa. An increase in seasonally adjusted participation rate by 63bp led to this upward surprise. On year on year basis, it has fallen 22bp, to 4.55% from 4.78% in October...