GBP/USD likely to come under increasing downward pressure

Apr 06, 2015 05:11 am UTC| Commentary

GBPUSD is likely to come under increasing downward pressure as investors sharpen their focus on pronounced UK political uncertainty in an environment of broad USD strength.The 7 May election is just over four weeks away...

RBI and BoK likely to be on hold

Apr 06, 2015 01:56 am UTC| Commentary

The RBI and BoK will both announce policy this week, and our baseline case is for both to keep rates on hold. Falling inflation will allow the RBI to cut the repo rate by 25bp in Q2, but between April and June, we are...

BoJ to leave USD/JPY range bound

Apr 06, 2015 01:44 am UTC| Commentary

The market will focus on the Bank of Japan (BoJ) monetary policy meeting on Wednesday. No changes in the policy is expected at this meeting, but expect them to expand the annual ETF purchase from JPY3trn to JPY5trn at the...

EUR activity data will likely take a back seat to Greece concerns

Apr 06, 2015 01:15 am UTC| Commentary

Activity data will play second fiddle to Greece this week. Greeces ongoing financial difficulties will likely be highlighted this week and are likely to weigh on the EUR as well as broader risk sentiment. While...

GBP Focus remains on the election

Apr 06, 2015 00:47 am UTC| Commentary

In a similar vein to last week where the final reading of UK Q4 GDP was unexpectedly revised higher, UK activity data this week should be consistent with robust economic activity. However, continued political uncertainty...

USD FOMC minutes will be closely watched

Apr 06, 2015 00:28 am UTC| Commentary

Fed minutes on Wednesday will provide insight into the significant forecast revisions that were made at the March 17-18 meeting alongside the dropping of "patience" from its policy statement. The downward revision in the...

Canada’s BOS critical in shaping BoC’s opinion

Apr 05, 2015 21:44 pm UTC| Commentary

The Spring 2015 edition of the Business Outlook Survey (BOS) is out today and it is seen as critical in shaping the BoCs opinion on further cuts.In the Winter survey, the fall in oil put downward pressure on the hiring...