Mexico inflation and minutes in focus

Oct 18, 2015 21:47 pm UTC| Commentary

This weeks data will allow us to assess how Mexican economic activity is faring in a global environment of low growth and subdued inflation that is unsupportive for EM. On Wednesday, August retail sales is expected to have...

Likely renewed pressure on AUD as rate cut discussion intensifies and Chinese data shows disappoints

Oct 18, 2015 21:35 pm UTC| Commentary Central Banks

The RBA board minutes (Tuesday) are more important than usual should they contain any discussion of bank funding costs. The risk of a cut has increased because one large domestic bank recently announced that it is...

Get ready for a busy week in Canada

Oct 18, 2015 21:17 pm UTC| Commentary

This is an eventful week in Canada, with Federal elections on Monday and the meeting of BoC on Wednesday capturing markets attention. Last week, the Liberal party consolidated its lead in the polls, with Conservatives...

USD to remain flat, quiet week ahead in terms of economic releases

Oct 18, 2015 20:49 pm UTC| Commentary

The USD is expected to remain flat, with a bias to regain upside momentum as the ECB meets and Chinese data are published. After weak prints in NFP and retail sales, market pricing for a December lift-off has decreased...

Another quiet week before the BoJ

Oct 18, 2015 20:36 pm UTC| Commentary Central Banks

This week will likely be another quiet one before the much-awaited 30 October BoJ meeting next week. Hence, USDJPY will likely be driven by overseas development, including the ECB and China data, as well as fluctuations in...

UK retail sales in focus

Oct 18, 2015 20:32 pm UTC| Commentary Economy

After a volatile week for GBP crosses, this week will be relatively quiet on the data front and, as such, the catalyst for a continuation of last weeks EURGBP downtrend would likely be the ECB. A dovish ECB press...

ECB to prepare the way for additional stimulus by year-end

Oct 18, 2015 20:24 pm UTC| Commentary Central Banks

An increasingly cautious Fed, coupled with an uncertain EM outlook, has benefited the EUR recently, contributing to tighter euro area financial conditions. Coupled with the recent drop in inflation expectations, such...