Jan 04, 2016 13:51 pm UTC| Insights & Views Central Banks
Persistent growth in job market to support the USD and Fed tightening: The USD to trip up on support on Fridays NFP report. Average job creation of 150k or more during the next few employment reports should be...
Jan 04, 2016 11:41 am UTC| Insights & Views Central Banks
Last month of 2015, the ECB has not delivered what streets expected (not a full depo cut we had in mind i.e. -10bps versus forecasts of -20bps) but the extended QE programme we were looking for (now due to run at least...
BoK likely to stay accomodative in 2016 on softness in trade and production
Jan 04, 2016 03:12 am UTC| Commentary Central Banks
Korean exports dropped by 13.8% in December, which came in way below than consensus expectations to drop by 11.7%, following one time vessel delivery in November. This data marked weakest annual performance of exports...
No signs of relief to Fed wondering if they might have jumped the gun in December
Jan 04, 2016 02:55 am UTC| Commentary Central Banks Economy
The data surely arent bringing sighs of relief to any Fed officials wondering if they might have jumped the gun in December. 3Q GDP growth had already dropped to 2% (QoQ, saar) before they pulled the trigger and the higher...
Low inflation to encourage expectations of further ECB action
Jan 03, 2016 21:31 pm UTC| Commentary Central Banks
Euro area headline and core December inflation (Tuesday) will be the focus for the EUR, both are expected to increase slightly, to 0.4% y/y (last: 0.2%) and 1.0% y/y (last: 0.9%), respectively, but remain well short of the...
Chile's central bank likely to hike at least additional 50bp before peso stabilizes
Dec 31, 2015 11:10 am UTC| Commentary Central Banks
Chiles central bank appears to be in a tightening cycle. Despite high headline inflation and waning credibility. The local swap market moved to pricing 2y headline inflation from last years 1.9% to 3.1% now. The...
Riksbank standing pat despite SEK appreciation – gains seem fragile in Q1 2016
Dec 31, 2015 09:34 am UTC| Insights & Views Central Banks
Swedish Krona has traded sturdily during November and early- December, gaining against almost all G10 currencies. Despite SEK strength, the Riksbank left rates unchanged at the December 15 meeting and also left its...
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