Existing US home sales to climb further, but slower

Jul 20, 2015 03:55 am UTC| Commentary

US Housing demand is being underpinned by improved employment and income prospects which have recently triggered a sharp increase in household formations. As of May, existing US home sales stood at their highest level...

Politics set to dominate markets in Turkey

Jul 20, 2015 03:50 am UTC| Commentary

The politics will continue to dominate Turkish markets."In Turkey, the Central Bank of Turkey (CBT) is expected to remain on hold in Thursdays MPC meeting and to maintain its cautious monetary policy rhetoric", states...

BCB to hike 50bp and Mexico inflation in focus

Jul 20, 2015 03:48 am UTC| Commentary

In Brazil, even though it is still expected that the BCB will continue hiking the Selic rate, very weak economic activity during the past weeks reduces the likelihood of a final 25bp September hike.For the July 29 meeting,...

RBNZ to cut further

Jul 20, 2015 03:46 am UTC| Commentary

The RBNZ decides on interest rates next Thursday and a further 25bp rate cut is expected to take the cash rate to 3%."With underlying inflation remaining well below the 2% target and the outlook for growth weaker due to...

Global factors continue to dominate Yen

Jul 20, 2015 03:43 am UTC| Commentary

Driver of the yen remains outside Japan as the BoJ remained sidelined at the last weeks meeting, whereas the improving risk sentiment and general USD strength brought USDJPY back to 124.These moves have been consistent...

Gold dives to fresh 5 year low without any particular catalyst

Jul 20, 2015 03:42 am UTC| Commentary

Gold spot has collapsed in the Asian hours to the lowest levels since March 2010. In respect of the Fed, the way that the Fed handled QE and the tapering was seen as successful and we are en route for a 2015 rate hike, as...

Re-focus on fundamentals augurs for EUR/USD downside

Jul 20, 2015 03:40 am UTC| Commentary

With the Greek political uncertainty subsiding in the near term, following the Greek parliament passing the initial reform bills, the Eurogroup subsequently agreeing to the three-year ESM program and the German parliament...