External factors likely driving USDCAD

Aug 02, 2015 21:13 pm UTC| Commentary

Canada most likely entered a technical recession after the poor print of Mays monthly GDP (-0.2% m/m), with the decline mainly due to contractions in manufacturing, mining, and oil. This week, data releases will provide a...

'Super Thursday' to drive the path of sterling in the week ahead

Aug 02, 2015 21:01 pm UTC| Commentary

In what many analysts have referred to as Super Thursday, the BoE will overhaul its communications and release simultaneously the MPC decision, the minutes of that same meeting, and its August Inflation Report. Markets...

EUR: Relatively light data calendar but overall still bearish on fundamentals

Aug 02, 2015 20:41 pm UTC| Commentary

After a few weeks of no market-moving headlines on Greece, media reports last week highlighted the IMFs unwillingness to support a new bailout program unless Greeces debt was deemed to be sustainable in the medium term...

US employment report the next key focus for the Fed and markets

Aug 02, 2015 20:28 pm UTC| Commentary

As the Fed continues in its data-dependent mode, next weeks employment report (Friday) should take central stage. As we head into autumn, the Fed and markets will have only two more job reports to assess the likelihood of...

RBI’s stance to turn more accommodative

Aug 02, 2015 07:47 am UTC| Commentary Central Banks

Reserve Bank of India (RBI) are expected to keep the key policy rates unchanged next week, according to economists at Barclays. However, the RBIs monetary policy stance will likely turn softer withthe risk of one more repo...

Q3 to test policy makers in Japan

Aug 02, 2015 06:33 am UTC| Commentary

Japanese policy makers may worry about a falling core CPI and the risk of a technical recession in Q3. We believe any attempts to stimulate the economy would be more likely to revolve around fiscal policy than monetary...

Monetary policy divergence starts to widen

Aug 02, 2015 06:15 am UTC| Commentary Central Banks

With Fed/BOE hiking and ECB/BOJ easing,there isan equally marked divergence in monetary policy settings among EM central banks as well with Asia on an easing bias and EMEA and Latin America on a neutral or tightening...