Oct 14, 2015 08:08 am UTC| Commentary
On to Europe and the main mover may still be sterling. Yesterdays CPI data werent that weak, but while the market may have over-reacted, there was nothing hawkish coming from MPC testimony at the Treasury committee, and...
Japan's numbers increases pressure for further BoJ easing
Oct 14, 2015 08:03 am UTC| Commentary
As for the Japanese numbers, they just increase pressure for further BoJ easing. Its just Japans luck that having taken so long to be really aggressive in easing monetary policy, they should have done so heading into...
Asian news flow dominates markets
Oct 14, 2015 07:59 am UTC| Commentary
Its still all about Asia. Yesterday saw a nervous tone with commodity currencies not really getting a lift all day, while G3 remained locked in their ranges and sterling came under some pressure.Asian news-flow still...
No capital controls on Russia's agenda
Oct 14, 2015 07:34 am UTC| Commentary
For what must be the umpteenth time, yesterday Russian authorities, this time Presi-dent Putin himself, declared that capital controls are not on the agenda. The statement at first seems strange given that conditions have...
Gains in kiwi unlikely to be sustainable
Oct 14, 2015 07:31 am UTC| Commentary
It will be of little help of course that Graeme Wheeler, governor of the Reserve Bank of New Zealand (RBNZ) has just stressed once again that he considers a further rate cut to be likely in New Zealand."From the markets...
Pressure on RBA to ease weighs on Aussie too
Oct 14, 2015 07:30 am UTC| Commentary
An Australian bank announces that as a result of stricter requirements it will raise interest rates for home loans and the FX market considers this to be the death knell of the property boom.Speculation that pressure is...
EUR/GBP likely to be in its comfort zone for time being
Oct 14, 2015 07:25 am UTC| Commentary
Sterling came under pressure yesterday following the disappointing inflation data. Understandably, as the end of the year approaching is approaching. Bank of England (BoE) governor Mark Carney had always referred to the...