Non-Japan Asia: BI to cut, worsening trade, weaker currencies

Nov 15, 2015 22:27 pm UTC| Commentary

Asian currencies are experiencing renewed weakness despite the pause in the USDs general uptrend in recent days. Fragile Stability, the outlook for EM FX, including Asian FX, is likely to remain downbeat into 2016. A mix...

Unexciting RBA minutes; wage growth to remain moderate

Nov 15, 2015 22:08 pm UTC| Commentary Central Banks

The RBA board minutes (Tuesday) are likely to have less of an effect on the market than usual given that the RBA published its updated economic outlook in the latest Statement on Monetary Policy. That outlook saw the RBA...

ECB rhetoric and low inflation to confirm further easing

Nov 15, 2015 21:51 pm UTC| Commentary

ECB speakers this week, including President Draghi and Vice President Constancio (both Monday), along with the ECBs October meeting minutes (Thursday) should confirm the view that further ECB easing is imminent and will...

USD: Waiting for December lift-off

Nov 15, 2015 21:40 pm UTC| Commentary Central Banks

The USD is likely to remain supported next week as the FOMC minutes (Wednesday) confirm the willingness of the board to begin the monetary normalization cycle as soon as December. With fed fund futures already pricing...

Norwegian GDP growth likely to moderate further in Q3

Nov 15, 2015 21:26 pm UTC| Commentary

Further moderation in Norwegian GDP growth is expected in Q3, to 0.1% q/q. Norways near-term growth outlook remains vulnerable. Oil investment is expected to fall further, and less demand for goods and services from the...

Mixed messages may delay very near-term sterling weakness

Nov 15, 2015 21:17 pm UTC| Commentary

The GBP retraced all of its post-BoE losses last week despite weaker-than-expected September wage growth. Looking ahead, this GBP strength is unsustainable in the context of fiscal and monetary policy headwinds, as well as...

Soft inflation unlikely to derail December rate hike in U.S.

Nov 14, 2015 12:20 pm UTC| Commentary

The week was dominated by Federal Reserve communications. Remarks by several regional presidents helped cement market expectations for a December hike, with the odds remaining near 70%. Alongside slumping commodity prices,...