Mar 18, 2015 07:46 am UTC| Commentary
Tonight, the FOMC meeting outcome will also be the major event for the FX market. However, investors have already anticipated the likely change in the Feds rhetoric to drop the word "patience" from its statement.Unicredit...
Bund Market Review- Lloyd Bank
Mar 18, 2015 07:04 am UTC| Commentary
The Bund market seems to have found a balance in current levels.The yield movements the last 2 days have pushed more Bunds above the -20bps eligibility threshold while undesbanks Dombret stated yesterday that "theres no...
Mar 18, 2015 07:01 am UTC| Commentary
The FOMC meeting will be the main market focus today. USD strength has been relentless pretty much across the board since the start of the month.The recent renewed optimism towards the USD centres on growing expectations...
India’s fiscal deficit trend improvement has been mostly fortuitous
Mar 18, 2015 06:47 am UTC| Commentary
One would, of course not begrudge the governments intention of stimulating an economythat is staring at a slow recovery.The fact remains, however, that one of the reasons why the governments decision has generally been...
Czech GDP growth seen at 2.3 % this year and 2.7% next
Mar 18, 2015 06:43 am UTC| Commentary
Czech January retail sales (including the automotive sector) increased by a solid 6.4 % yoy thus significantly beating the markets estimates.Car sales contributed significantly, up 8.7% yoy (12.1% WDA), confirming its...
U.S. Fed no longer patient, but by no means hasty
Mar 18, 2015 06:39 am UTC| Commentary
One can never be sure of anything, but the probability of the Fed dropping the "patient" language above 95%.This will end an era of forward guidance and mark a shift to full data dependency. While nothing is pre-determined...
Polish PPI will remain below zero until end-2015
Mar 18, 2015 06:35 am UTC| Commentary
Societe Generale notes its expectations as follows: We estimate that PPI deflation remained unchanged at -2.9% yoy in February. We expect manufacturing costs to have decreased by 0.2% mom and mining quarrying costs...
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