Canada's monthly GDP data and Poloz testimony in focus
Apr 26, 2015 21:27 pm UTC| Commentary
A more constructive outlook from the BoC at its April meeting has caused the market to price out rate cuts and led to significant CAD strength in recent days.CAD weakness (since late 2014) had given the BoC some comfort in...
FOMC meeting one of the main events of the week
Apr 26, 2015 20:57 pm UTC| Commentary
The fact that US activity data has improved modestly since the last meeting suggests this weeks economic assessment should not change much. That should put the focus on any forward guidance the Fed provides on the June...
RBNZ to remain on hold; Governor Stevens to speak on Tuesday
Apr 26, 2015 14:25 pm UTC| Commentary
The RBNZ announces its decision on interest rates on 30 April.According to Barclays Research, it expects to it to keep the cash rate on hold at 3.5% and retain a neutral bias, where the last Monetary Policy Statement...
Focus on inflation as Greece goes to the sidelines, for now
Apr 26, 2015 14:17 pm UTC| Commentary
Despite the lack of material progress between Greece and its European creditors, the EUR has been rather resilient.Yet, market sentiment towards Greece remains fragile and we continueto expect the EUR to exhibit a high...
Downward pressure could mount on SEK if Riksbank eases policy (Wed)
Apr 24, 2015 18:42 pm UTC| Commentary
Barclays says - "We expect the Riksbank to ease policy on Wednesday, cutting its repo rate by 15bp to -0.4% and increasing the size of its government bond purchases by SEK40-50bn."Given current market pricing of around a...
Brazil's COPOM likely to raise Selic rate by another 50bp
Apr 24, 2015 18:21 pm UTC| Commentary
Data to the middle of the month show that Brazil inflation has continued to climb. At the same time, the minutes from last months COPOM meeting, in which the Selic was hiked by 50bp, gave no hint that policymakers are...
Central Bank of Russia looks set to cut interest rates further
Apr 24, 2015 18:04 pm UTC| Commentary
The Central Bank of Russia (CBR) looks set to cut interest rates further (Wednesday). The ruble has rallied over the past month and there are signs that inflation is now close to peaking."We have pencilled in a 100bp cut...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects