Many market participants skeptical of Fed hike
Jul 31, 2015 07:52 am UTC| Commentary Central Banks
The signal yesterdays GDP data for Q2 sent out was that US economy is humming. Even though GDP growth corresponded more or less to expectations at 2.3% qoq annualised. As a result there is not much left of the collapse...
Euro zone CPI unlikely to be an issue for the FX market
Jul 31, 2015 07:48 am UTC| Commentary
Attention in the euro zone also focusses on consumer prices. Analysts expect an inflation rate of 0.2% yoy for July.However, the data is only likely to have immediate effect on the FX market if it was to deviate massively...
Central Bank of Russia may go for rate cut
Jul 31, 2015 07:46 am UTC| Commentary Central Banks
The recovery of the ruble ran out of stem intraday yesterday, as a result USD-RUB is once again aiming for the 60 mark. Today attention is focussing on the central banks rate decision. The majority of analysts expect a...
Jul 31, 2015 07:45 am UTC| Commentary Economy
At least consumer price data in Japan came in slightly above expectations yesterday. Even though the national inflation index came in a tenth below the May result at 0.4% yoy it also came in a tenth above expectations. Of...
MXN appreciates after exchange commission announcement
Jul 31, 2015 07:38 am UTC| Commentary
The Mexican peso reacted strongly to the exchange commission announcement that increases support measures for this currency. The exchange commission which is comprised of members of the MoF and also the Central bank...
Growth in US crude output is slowing as demand improves
Jul 31, 2015 07:35 am UTC| Commentary
Not only has the US economy started to improve, but low gasoline prices have spurred on something not seen in almost a decade, growth in distance travelled by automobiles.While there are many reasons to think this is not...
Flash July Italian HICP consumer prices to rise to 0.3% yoy
Jul 31, 2015 07:24 am UTC| Commentary
Italys HICP inflation data for July is expected to release today. The economy posted 0.2% yoy inflation in June is expected to post higher inflation rate in July. Italian HICP inflation is expected to print at 0.3% yoy in...
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