Gold in demand due to high risk aversion

Sep 21, 2015 09:16 am UTC| Commentary

Gold showed itself to be solid as a rock last Friday in a market environment characterized by high levels of risk aversion and rose in price to a good $1,140 per troy ounce, a level at which it is still trading this...

Oil market likely to remain under external factors' influence

Sep 21, 2015 09:13 am UTC| Commentary

Oil prices remain highly prone to fluctuation. Following their massive losses on Friday, they have risen by around 1.5% again today despite weaker equity markets."In the absence of any clear trend, the oil market is likely...

Sweden bill unchanged despite tax hikes

Sep 21, 2015 08:54 am UTC| Commentary

There were no major surprises in the 2016 Budget Bill as most of the content was already known. Tax revenues will increase by about SEK 33bn in 2016, while reforms amount to SEK 45bn. Nevertheless, the government...

PBoC orders banks to tighten supervision on clients’ FX deals

Sep 21, 2015 07:08 am UTC| Commentary Central Banks

Local media reported that PBoC orders banks to tighten supervision of their clients FX deals. Fees for some banks to settle clients FX deals in domestic market raised to as high as 0.3% (vs 0.002%-0.003% for most banks),...

Return of veteran economic policymakers helps lira sentiment

Sep 21, 2015 07:05 am UTC| Commentary

The lira continued its rally last week, strengthened by the dovish Fed guidance, with the TRY basket (50:50 USD:EUR) ending 2% stronger than the beginning of the week.This comes as no surprise, as TRY was a strong...

ECB worried about EMs

Sep 21, 2015 07:01 am UTC| Commentary

Two more important ECB representatives, this time Benoit Coeure and Peter Praet, voiced their concerns about the weak growth of the EMs, and the implications of that for the euro zone. The ECB remains very sensitive.That...

Australian house prices reaccelerates, driven by Sydney

Sep 21, 2015 06:38 am UTC| Commentary

The two rate RBA rate cuts in February and May, which were effectively fully passed on by lenders, have reignited residential property prices, especially in Sydney and Melbourne. In addition, discussions about...