Turkey's inverted yield curve reflects expectations of rate tightening
Sep 29, 2015 07:22 am UTC| Commentary
With USD/TRY rising to 3.06 during trading yesterday and bond yields rising sharply alongside, the liras woes are continuing this week. The shorter durations, for example, the 2-year yield, rose sharply by 22bps, while...
U.K. bank holiday boost to sales
Sep 29, 2015 07:21 am UTC| Commentary
The CBI Distributive Trades survey reports U.K. sales volumes compared to a year earlier. The balance of reported sales actually rose from 21 to 24 in August, even though the official data showed a fall in yoy growth from...
USD/JPY to maintain its sideways move due to optimistic Fed outlook
Sep 29, 2015 07:17 am UTC| Commentary
Bank of Japan (BoJ) governor Haruhiko Kuroda continued to sound optimistic in yesterdays speech that Japan was well on the way towards reaching the 2% inflation target and decent growth. However, he admitted that the...
RBI's further rate cut expected as inflation undercontrol
Sep 29, 2015 07:17 am UTC| Commentary
RBI surprisingly cut its benchmark interest rates by 50bp to 6.75%. This is higher than a 25bp cut which was predicted by many analysts, and adds to a total of 75bp cut in H1 this year. RBI Governor Rajan said that the cut...
Factors that needs to coincide to support US Fed hike as well as USD
Sep 29, 2015 07:11 am UTC| Commentary
Even a more pronounced collapse in US consumer confidence today might fuel concerns about its economic momentum and cause the market to doubt that the US economy really is ready for a rate hike.Whether or not something...
Likelihood of US Fed hike this year at around 40%
Sep 29, 2015 07:07 am UTC| Commentary
"Always prepared" might as well be the motto of US central bankers. 13 out of 17 FOMC members expect a first rate hike this year, four dont. It is a reason for each one of them to try and shape market expectations in line...
CNY-CNH spread unlikely widen significantly
Sep 29, 2015 07:05 am UTC| Commentary
While risk-off sentiment dominates the market, CNH outperformed and gained 0.62% yesterday; with CNY-CNH spread almost disappearing. China has strong incentives to narrow the CNY-CNH spread to push forward RMBs SDR status,...
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