Japanese Yen outlook : RBC

Jun 04, 2015 00:27 am UTC| Commentary

RBC Capital Markets notes:1 - 3 Month Outlook - Grinding JPY weaknessUSD/JPY finally broke higher in late-May, with the rise through 124 talking JPY to its weakest since 2002. It is hard to tie the move to any particular...

Euro outlook : RBC

Jun 04, 2015 00:20 am UTC| Commentary

RBC Capital Markets notes:1 - 3 Month Outlook - Less of a dipAfter four months of discussions and negotiations, we are approaching a real deadline for Greece. On June 30, thecurrent programme extension expires. Before...

USD outlook : RBC

Jun 04, 2015 00:14 am UTC| Commentary

RBC Capital Markets notes:1-3 Month Outlook - Renewed upside momentumAs the focus has shifted from the weakness of the US economy in Q1, to the strength of the rebound in Q2, so the bullish-USD trend started to reassert...

Euro area – ECB stays on course

Jun 03, 2015 23:44 pm UTC| Commentary

The European Central Bank (ECB) remains optimistic that the policies it has adopted during the past year will prove sufficient to move inflation back towards the "below but close to 2%" target in 2017.At the 3 June...

Euro-area inflation has accelerated more quickly than expected recently

Jun 03, 2015 22:36 pm UTC| Commentary

Euro-area CPI inflation accelerated to 0.3% y/y in May, according to the preliminary estimate, up from 0.0% in April. At the 3 June post-meeting press conference, Draghi said this was in line with ECB expectations and adds...

Greece – Agreement remains elusive

Jun 03, 2015 22:14 pm UTC| Commentary

Greece and its official creditors remain far from an agreement on the reform package that will unlock the final tranche of bailout loans. At the time of writing, discussions have been escalated to top officials.A political...

Philippines – May inflation probably eased but pressure likely building

Jun 03, 2015 22:10 pm UTC| Commentary

The Philippines will release May CPI data on 5 June. Inflation is expected to have eased to 1.9% y/y from 2.2% in April. This will likely bring YTD inflation to 2.3% y/y, versus the central banks full-year target of 2-4%....