ECB to ease monetary policy in December
Nov 04, 2015 09:27 am UTC| Commentary Central Banks
Euro area headline inflation stood slightly to the downside in October whereas, core prices of the economy rose more than the expectation. At the non-core level, energy inflation remains weak, while food prices continue to...
Euro area private sector loans loses momentum
Nov 04, 2015 09:16 am UTC| Commentary
The ECB recent data on monetary aggregates and bank balance sheets posts a slowdown in the outlook for money growth. Although the broad money M3 annual growth rate was unchanged at +4.9% in September, credit to the...
Bounce back necessary in US hiring to keep Fed's December hike on track
Nov 04, 2015 09:07 am UTC| Commentary Central Banks
In September, US hiring created 142000 jobs, as per the official figures, less than expectations. Due to the near to zero average pay hikes, workers quit jobs, taking labor participation to 1970 levels. The unemployment...
Fed rate hike may cause downward risk in EUR/USD
Nov 04, 2015 08:55 am UTC| Commentary
In the United States, the ADP Employment Report is scheduled to release today. This report provides a preview of Fridays labour market report. This report along with the one for November will determine whether or not the...
Turkey's core inflation to reach 2014 peak?
Nov 04, 2015 08:02 am UTC| Commentary
Turkeys inflation rate is averaged to 36.48% from 1965- 2015. Turkeys CenBank revised its inflation forecast of end 2015 up to 7.9% due to lira depreciation in recent months, Octobers core inflation reading suggests that...
CNY likely to be included in the SDR basket
Nov 04, 2015 07:49 am UTC| Commentary
SDR basket valuation method would be reviwed by IMF every five years to ensure that it reflects the relative importance of major currencies in the worlds trading and financial systems and have been determined by the Fund...
ECB unlikely to force EUR/USD lower with higher rate cuts
Nov 04, 2015 07:30 am UTC| Commentary
ECB might not go higher than the priced in rate cuts and weigh on EUR/USD in near future. It can go to the extent of 12bp by mid 2016 is what some of the market participants expecting. The pair is currently at 1.952 and...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects