EUR: Light data calendar keeps spotlight on Greece
May 24, 2015 20:39 pm UTC| Commentary
Greece will remain the focus this week in the context of a very light data calendar and continued political uncertainty should weigh on the EUR.The consensus expect further improvement in money growth to 4.9% y/y in April...
USD: Downside surprises may lead to USD pressure, but only in the near-term
May 24, 2015 20:35 pm UTC| Commentary
A more constructive economic picture aided by cleaner market positioning has helped the USD recover somewhat over the past week. Although the FOMC minutes did talk down the potential of a near-term rate hike, the minutes...
Inflation back in focus in Japan
May 24, 2015 14:44 pm UTC| Commentary
Bank of Japan (BoJ) upgraded its economic assessment in May 22 meeting due to improvement in consumption and housing investment. This follows its movement of the forecast period for achieving 2% price stability target...
Light data calendar keeps spotlight on Greece in the week ahead
May 24, 2015 14:37 pm UTC| Commentary
Greece will remain the focus this week in the context of a very light data calendar and continued political uncertainty should weigh on the EUR. Barclays Research forecasts further improvement in money growth to 4.9% y/y...
Downside surprises may lead to USD pressure, but only in the near-term
May 24, 2015 14:33 pm UTC| Commentary
A more constructive economic picture aided by cleaner market positioning has helped the USD recover somewhat over the past week. Although the FOMC minutes did talk down the potential of a near-term rate hike, the minutes...
Testing recent USD momentum, but still bullish
May 24, 2015 14:30 pm UTC| Commentary
Disappointing US data and a more dovish Fed have been testing the bullish USD view in recent months and that theme is unlikely to change this week as our forecasts for US data releases are mixed relative to...
Bank of Canada will keep the policy rate unchanged next week
May 22, 2015 18:41 pm UTC| Commentary
There were few surprises this week, as Governor Poloz reiterated his view that Q1 is likely to have marked a low point for the Canadian economy, with growth expected to recover through the remainder of the year.This weeks...