Subtle signals from OPEC to European oil producers
Nov 06, 2015 11:24 am UTC| Commentary
As production in Russia is rising high to record levels, Norwegian oil is set to increase to 2-year high in production terms in Decemebr, OPEC is demanding that non-OPEC producers cooperate in discipline terms in volumes...
German's IP likely rebounded in September
Nov 06, 2015 09:30 am UTC| Commentary
Germans industrial output printed negative growth rate of -1.2% in August. The sector is expected to post positive growth rate in September. Societe Generale estimates, the industrial production of the economy is likely to...
Russian inflation remains elevated, concerns central bank
Nov 06, 2015 09:03 am UTC| Commentary Central Banks Economy
Russian inflation remains persistant, this is also explained by the consumer price data, which was 0.7% mom for October climbing 0.1% from that of previous month. Russian central bank had not cut rates any further...
Will U.S. be able to support strong USD?
Nov 06, 2015 08:51 am UTC| Commentary
US net trade has been dragging the countrys growth in recent quarters as pointed by Federal Reserve. It is unlikely that this is caused due to the dollar, the global demand can be blamed for this. However even if the...
U.S. labor market condition likely improved in October
Nov 06, 2015 07:26 am UTC| Commentary
In the United States, the nonfirm and private payroll, and unemployment rate data for October are scheduled to release today. The unemployment rate is likely to post below the previous months figure of 5.1%. Our model...
The Czech National Bank's interest rate outlook likely to create appreciation pressure on CZK
Nov 06, 2015 07:19 am UTC| Commentary Central Banks
The CNBs interest rate forecast points to four 25bp hikes in the first half of the 2017. However, CNB would likely exit the intervention regime earlier and hike less. Given the market outlook on ECB rates, the ECB...
GBP still remains a concern for Bank of England
Nov 06, 2015 07:06 am UTC| Commentary Central Banks
There was once again an 8-1 voting in the Bank of Englands Monetary Policy Committee meeting yesterday for keeping the rates unchanged and the BoE kept the rates on hold, as the markets expected. The minutes still...
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