Dovish Outlook Seen For Major Commodity Currencies
Nov 18, 2015 12:07 pm UTC| Commentary
With prices of the major export commodities of Australia, New Zealand and Canada going downhill, their currencies have taken a hit. While prices may recover next year, a rally in these currencies against the US dollar may...
EUR/HUF targeted at 325.00 by end-2016
Nov 18, 2015 09:53 am UTC| Commentary
The MNB holds its benchmark interest rate unchanged at 1.35% as excepted. The central bank did not give any indication of fresh rate cuts next year. The central bank will be set to implement fresh QE measures before a...

Japan’s October trade balance likely improved
Nov 18, 2015 09:19 am UTC| Commentary
Japans trade balance is expected to have reached a balance level in yen terms in October. This will be a significant improvement in the trade as it recorded deficit of JPY742bn in October 2014. On a seasonally adjusted...

Polish October employment growth likely to remain stable
Nov 18, 2015 07:54 am UTC| Commentary
The employment growth in the Polish corporate sector is expected rise by 1.0% yoy in October, while in monthly basis, it is expected to increase by 0.1%, according to estimates of Societe Generale. The number of...

Chile likely to post below trend growth in medium term
Nov 18, 2015 07:40 am UTC| Commentary
Given the Chiles weak trade data in October (exports dropped 17.9% yoy while imports fell 9.9% yoy) and no significant momentum in other monthly indicators towards the end of Q3, the economy is expected to grow at 2.1 pct...
Polish nominal wage growth to see deceleration in October
Nov 18, 2015 07:21 am UTC| Commentary
The fall in nominal wage growth of Poland in October indicates the average gross wage growth is likely to decline 3.6% yoy in October against 4.1% yoy in September, according to estimates of Societe Generale. On a month on...

U.S. housing starts likely increased by 1.2%m/m in October
Nov 18, 2015 06:01 am UTC| Commentary
The number of single-family homes as well as of multifamily units in US is likely to post a solid growth rate for the month of October. Single-family homes started is likely to increase by 15K units and to 755K, which...