Australian dollar likely to weaken further

Jul 21, 2015 06:38 am UTC| Commentary

AUD/USD has resumed its descent in recent weeks, hitting a new 6-year low of 0.7350 in mid-July. The fall has coincided with rising concerns over China and weak commodity prices.Over the past month, crude oil has dropped...

Snap Elections likely for Greece in September/October

Jul 21, 2015 06:26 am UTC| Commentary

PM Tsipras ousted the Syriza rebels and reshuffled his cabinet, but it is not likely to change the uncertain overall outlook for the government. The European Commission expects the talks to last until...

European Commission to support Greece BRRD?

Jul 21, 2015 06:22 am UTC| Commentary

In Greece, the next event is another vote in the Greek Parliament on Wednesday (on civil procedures and the bank resolution directive). The Greek side is still working on a moratorium for repossessing primary...

USD/JPY likely to reach 130 in 2016

Jul 21, 2015 06:22 am UTC| Commentary

In early June, USD/JPY touched a 14-year high of 125.86 and than retraced slightly. Amid the rising tensions in Greece and a flight to safety, USD/JPY dropped to a low of 120.41 in early July. An improvement in Greeces...

Weaker AUD to push Australia's headline CPI up in Q2

Jul 21, 2015 05:59 am UTC| Commentary

With a number of familiar themes, the RBAs latest set of minutes from its July board meeting and steady rate verdict were balanced, slightly more positive tone on the labour market, and modest strengthening of its rhetoric...

UK's budget deficit trend should continue to improve

Jul 21, 2015 05:53 am UTC| Commentary

UKs public finances have made a good start to the year. In the first two months of the fiscal year, the cumulative deficit is 5.1bn below the comparable figure a year earlier. Of course it is far too early in the year to...

IMF financing for Greece is doubtful

Jul 21, 2015 05:27 am UTC| Commentary

The IMFs financial involvement in Greece issue is questionable according to a note to its clientsby Societe Generale.It is already a high risk exposure to Greece and IMFs view on Greek debt is unsustainable. As a...