EUR: EA heads of state summit and PMIs the focus
Jun 21, 2015 20:46 pm UTC| Commentary
The EUR will remain vulnerable to news regarding Greeces ongoing negotiations with its creditors. In the wake of no progress made at last Thursdays Eurogroup meeting, euro area heads of state will meet on Monday (from 6pm...
Jun 21, 2015 20:22 pm UTC| Commentary
USD is expected to trade sideways with a weakening bias in the short term, as the Fed seems to remain very dovish and inflation is still not showing any sign of picking up, according to last weeks release.With only tier 2...
USD expected to be stuck in a range for next week
Jun 21, 2015 13:16 pm UTC| Commentary
USD is expected trade sideways with a weakening bias in the short term, as the Fed seems to remain very dovish and inflation isstill not showing any sign of picking up, according to last weeks release. With only tier 2...
Jun 21, 2015 11:20 am UTC| Commentary
Last week, Chair Yellen reiterated the data-dependent nature of the liftoff decision and that the Fed islooking for decisive evidence on the sustainability of moderate growth, wage increases, and rising inflation. As such,...
Euro area surveys poised to soften again
Jun 19, 2015 19:03 pm UTC| Commentary
One adverse reaction to the Greek impasse has been softening forward-looking surveys of euro area activity. This week saw much lower-than-expected prints from the German ZEW survey, which fell for the third straight month,...
Wage dynamics suggest contraction of Brazil consumption GDP
Jun 19, 2015 17:59 pm UTC| Commentary
According to data from CAGED, Brazils employment register 115,599 jobs were eliminated in Brazil in May, compared to the creation of 58,836 positions in May 2014. Wage dynamics remain negative, as the average hiring salary...
Jun 19, 2015 17:37 pm UTC| Commentary
Danske Bank Markets:The market will be watching the emergency EU summit scheduled for Monday for a possible deal between Greece and its creditors to extend the Greek bailout.In China, we expect the HSBC manufacturing PMI...