Currency War Series

Riksbank likely to cut rate by 10bp

Dec 07, 2015 05:40 am UTC| Commentary Central Banks

As a result of last weeks disappointing ECB meeting, along with Swedish data, there is somewhat increased pressure on Riksbank in the near term. The KIX recently gained strength and this weeks inflation data will be of...

Currency War Series

Swiss National Bank to stand pat this week

Dec 07, 2015 05:13 am UTC| Commentary Central Banks

SNB has its policy meeting this week and no change in the policy is expected, after last weeks ECB disappointment. Originally it was proposed that SNB would remove the exemption from negative depo rates for the domestic...

Currency War Series

ECB measures make the liquidity outlook brighter

Dec 07, 2015 05:05 am UTC| Commentary Central Banks

QE purchases programme was extended to March 2017, with the investment principal payments on securities purchased under the Asset Purchase Programme, as they mature, made the outlook for liquidity brighter with more...

No surprises likely from BoE this week

Dec 07, 2015 03:19 am UTC| Commentary Central Banks

GBP/USD had seen a rebound last week after the ECBs disappointing decision. This weeks IP release should likely cap the upside movement, while last weeks fixed income sell-off saw a slight re-pricing of Fed-BoE gap, which...

Looking past the ECB and unto the Fed

Dec 07, 2015 02:55 am UTC| Commentary Central Banks

Market sentiment flip-flopped over the past two trading days. Disappointment on European Central Banks (ECB) policy actions triggered a sharp selloff in UST and Eurozone sovereign bonds. Equity markets followed suit. By...

Currency War Series

Russia's central bank to remain on hold, although a close call

Dec 07, 2015 00:40 am UTC| Commentary Central Banks

Russia rate decision will be the main event in EMEA. Although a close call, CBR is expected to keep policy rates unchanged. The market is split on the rate decision with only 12 out of 23 economists expecting the CBR to...

Renminbi Series

USDCNY on the verge of a break higher

Dec 07, 2015 00:18 am UTC| Commentary Central Banks

USDAsia crosses have failed to gain upward momentum in the past week after the ECB disappointed markets. Although the FX market is likely to consolidate ahead of the FOMC statement on 16 December, the risk to regional...