
Where are we relative to the BOJ’s 2% inflation target?
Jul 21, 2015 23:12 pm UTC| Commentary
Predicting central bank policy starts with looking at the distance between policy targets and current states. After years of debating the appropriateness of explicitly defining the inflation target, the BOJ finally entered...

DM rates: As you debate the macro, don’t forget the micro
Jul 21, 2015 22:59 pm UTC| Commentary
As developed market rates stay elevated following the Q2 selloff, the macro arguments for both higher (better DM growth data, Greece resolution, approaching Fed hike) and lower yields (declining oil prices, stronger...
DM rates: As you debate the macro, don’t forget the micro
Jul 21, 2015 22:35 pm UTC| Commentary
As developed market rates stay elevated following the Q2 selloff, the macro arguments for both higher (better DM growth data, Greece resolution, approaching Fed hike) and lower yields (declining oil prices, stronger...
AUD: Q2 CPI and RBA Governor Stevens’ speech in focus
Jul 21, 2015 22:10 pm UTC| Commentary
RBC Capital Markets notes:Market focus today turns to Q2 CPI and RBA Governor Stevens speech in Sydney. Higher fuel prices and lagged effects of the weaker AUD should conspire to push headline CPI inflation up from 1.3%y/y...
US existing home sales likely to improve in June
Jul 21, 2015 21:56 pm UTC| Commentary
RBC Capital Markets notes: Tonights existing home sales report is one of the few notable releases out of the US this week. Our economists are calling for a modest improvement in June home sales to 5.40mn, up from...
BoE MPC minutes out this afternoon
Jul 21, 2015 21:35 pm UTC| Commentary
In the MPC minutes out this afternoon, it is unlikely anyone on the MPC would have chosen this meeting to vote for a hike. Recall the meeting took place amid considerable uncertainty in Europe in the week just after the...

Jul 21, 2015 21:22 pm UTC| Commentary
Gold has taken a hit. This precious metal suffered its eighth straight day of losses Monday bringing it to its lowest level in over five years. Analysts attribute this meltdown to a number of factors ranging from a reduced...