Higher oil prices likely to weigh on long term EUR/NOK
Oct 15, 2015 06:54 am UTC| Commentary
The NOK is at historically weak levels, and long term there should be downside potential for EUR/NOK, which is seen coming with higher oil prices in a year or two. Short term, however, the weakness is needed as part of...
Turkey's current-account balance improves
Oct 15, 2015 06:54 am UTC| Commentary
Turkey recorded impressive current-account numbers yesterday, although the general trend had been anticipated by the markets and hence, the lira did not benefit much. We forecast USD-TRY in the 2.85 region by year-end:...
Oct 15, 2015 06:51 am UTC| Commentary Central Banks
It still seemed clear in the RBAs last statement that it would not cut rates again todays labour market report for September questions this impression. The only reason why the loss of almost 14k full time positions did not...
Oct 15, 2015 06:49 am UTC| Commentary Central Banks
Over the past few weeks the majority of the 17 FOMC members finally seemed to have agreed that a rate hike would be necessary before year-end. That was also the general tenor of the last minutes. As a result of the...
Brazil's retail sales continue descent
Oct 15, 2015 06:48 am UTC| Commentary
Brazils retail sales for August released yesterday indicate that consumers continue to tighten their belts. The data printed at -0.9% mom, -6.9% yoy. The previous months data has been revised lower. The nascent BRL...

Oct 15, 2015 06:44 am UTC| Commentary
With strong momentum having waned, assessment on the prospects for GBP for the rest of the year starts with positioning. The latest IMM positioning shows a modest short GBP position held by the speculative community, but...

Sweden's residential fundamentals provide continued support
Oct 15, 2015 06:42 am UTC| Commentary
Previous forecasts pointed to a marked deceleration in the pace of increase in Swedens population in the age group 30-70 years, an age group that typically drives housing demand. Statistics Swedens population projection...