ECB meeting this week likely to be overshadowed by ongoing Greek saga
Jun 01, 2015 23:18 pm UTC| Commentary
This weeks European Central Bank (ECB) meeting (3 June) would ordinarily be the focus for bond markets, especially given the recent inflation uptick. But developments in the negotiations with Greece could dwarf anything...
Turkey – May CPI will most likely reflect stickiness
Jun 01, 2015 22:11 pm UTC| Commentary
Turkey will release May CPI figures on Wednesday 3 June. CPI was widely expected to decline steeply this year compared to last."We forecast 7.5%, from 7.9% in April and 9.6% a year ago",said Standard Chartered in a report...
Brazil – A 50bps SELIC hike expected in June, more in July
Jun 01, 2015 21:33 pm UTC| Commentary
The Banco Central do Brasils (BCBs) monetary policy committee (COPOM) is likely to deliver another 50bps hike when it meets on 3 June, taking the SELIC rate to 13.75%.Recent commentary from the central bank has been...
Jun 01, 2015 21:05 pm UTC| Commentary
Westpac Research notes:The 10 year US treasury note closed 6bp higher at 2.18% after being locked around 2.12% leading into the ISM, and hitting a peak just below...
Jun 01, 2015 21:03 pm UTC| Commentary
Westpac Research notes:AUD/NZD 1 day: After Fridays steep gain, we saw AUD weakness bring the range back below 1.0750 last night and the pair should consolidate with the 1.07 handle.AUD/NZD 1-3 month: The RBA will probably...
Jun 01, 2015 21:02 pm UTC| Commentary
Westpac Research notes:NZD/USD 1 day: With 0.7100 broken last night, the focus will be 0.7000 in the short term.NZD/USD 1-3 month: Multi-month, we expect the US dollar uptrend to resume with stronger US data in Q2 and Q3...
Jun 01, 2015 21:00 pm UTC| Commentary
Westpac Research notes:AUD/USD 1 day: We have the RBA today post a strong USD session tonight with little upside from overnight closes and a range down to 0.7550.AUD/USD 1-3 month: Eventual resumption of the strong US...