Turkish Lira under pressure from worsening security situation

Jul 29, 2015 07:06 am UTC| Commentary

The global EM sell-off calmed down for the time being, which took some pressure off the lira, but the lira remained weak because of domestic political developments. Therefore, USD-TRY was barely stable yesterday at 2.76...

Turkey's worsening security situation to weigh on Lira

Jul 29, 2015 07:02 am UTC| Commentary

USD-TRY was barely stable yesterday at 2.76 after reaching a new all-time high of 2.77 on Monday. The global EM sell-off calmed down for the time being, which took some pressure off the lira, but the lira remained weak...

Japan's production likely to strengthen ahead

Jul 29, 2015 06:57 am UTC| Commentary

In Julys monthly economic report, Japan government revised down its overall assessment on production from "production is showing weakness in some areas but overall is improving" to "production remains flat".As producers...

A second bridge-loan from the EFSM?

Jul 29, 2015 06:55 am UTC| Commentary

Greece is back in focus as bailout discussions enter their second day today. Representatives of the creditors, Declan Costello of the EC, Delia Velculescu of the IMF, Rasmus Rueffer of the ECB and Nicola Giammaroli of the...

Gold hovers around $1,100 as dollar calm ahead of FOMC

Jul 29, 2015 06:48 am UTC| Commentary

Gold futures were seen trading close to the $1,100 level, still not far from its five-and-half year low, as the dollar rally eased and traders were reluctant to put more long positions on the greenback ahead of the FOMC...

Japan's IP to post modest growth in June

Jul 29, 2015 06:33 am UTC| Commentary

Japans industrial production recorded -2.1 mom and -3.9 yoy growth in May. The economy is likely to post better performance in June. Societe Generale estimates, Japans industrial production is likely to show modest growth...

Improvement in Brazil Real outlook crucial to stabilize inflation and rate expectations

Jul 29, 2015 06:22 am UTC| Commentary

Brazil Real (BRL)appreciation would damage the scope of the manufacturing revival, as it will cause exports to be expensive. With inflation currently well ahead of the target rate, the central bank could feel obliged to...