Poland's unemployment rate likely to decline slightly in September

Oct 23, 2015 00:29 am UTC| Commentary

The unemployment rate is expected to have decreased from 10.0% in August to 9.9% in September. The seasonally adjusted (SA) unemployment rate should be close to 10.2%. The forecast is in line with market consensus and...

Mexico's unemployment falling at a mild pace

Oct 22, 2015 23:47 pm UTC| Commentary

The average unemployment rate this year is down from 4.8% to 4.4%. However, the seasonally-adjusted number shows that, averages apart, the unemployment rate has hardly moved since the end of 2014 as the economy continues...

Brazil's current account set for sharp improvement in H2 15

Oct 22, 2015 23:30 pm UTC| Commentary

The deeper contraction in dollar import numbers (-23% yoy until September), compared with exports (-16.8% yoy), have helped the trade balance improve to USD10.2bn from a deficit of -USD0.7bn YTD. On the forecast of...

Euro declined substantially today on the surprisingly soft stance by the ECB

Oct 22, 2015 22:42 pm UTC| Commentary Central Banks

The euro declined substantially today on the surprisingly soft stance by the ECB. Given that a 10bp deposit rate cut is expected in December. The experience from H1, when EUR/USD bottomed out just a few months after the...

FOMC Preview: Building a game plan for December

Oct 22, 2015 22:27 pm UTC| Commentary Central Banks

It is extremely unlikely that the FOMC will contemplate a rate hike at the upcoming gathering. More critically, officials will have to decide whether they still consider a December rate hike as likely and, if so, come up...

Dovish ECB to keep Danish central bank on hold

Oct 22, 2015 21:56 pm UTC| Commentary Central Banks

The European Central Bank (ECB) today signalled a clear willingness to ease monetary policy at its next meeting in December. Therefore, now it is expected to cut its deposit rate by 10bp to minus 0.30% and keep the door...

Fed’s hands are tied by softer data and dovish market expectations

Oct 22, 2015 21:29 pm UTC| Commentary Central Banks

Which scenario is more likely? Sending a strong message in favour of a December liftoff could unwind the recent easing in financial conditions and the Fed is expected to take that risk. On the other hand, the FOMC may want...