UK's mortgage approvals heading up
Jun 22, 2015 10:44 am UTC| Commentary
In April, official mortgage approvals made the largest monthly gain since February 2009. Fundamental conditions of housing demand are continuing to improve. The 2-year fixed rate mortgage rate has halved in the last two...
UK's manufacturing confidence looking a bit soft
Jun 22, 2015 09:28 am UTC| Commentary
Recent surveys have shown a clear deceleration in manufacturing output growth in line with a softening of orders. It is strange that the main reason for the weakness of orders appears to be a fall in export demand as this...
Jun 22, 2015 09:24 am UTC| Commentary
The USD is expected to trade sideways with a weakening bias in the short term, as the Fed seems to remain very dovish and inflation is still not showing any sign of picking up, according to last weeks release. With only...
Market up beat in hope for Greek deal
Jun 22, 2015 08:43 am UTC| Commentary
Market participants are positive on todays Euro zone summit, hoping that even if a deal is not reached, a consensus will be, which will pave way for a deal before several deadline ends by June 30th. Greece needs to...
CB slowly dismantling FX swaps program
Jun 22, 2015 07:58 am UTC| Commentary
The central bank of Brazil is slowly dismantling the FX swaps program that has been in place for the last two years. The central Bank continues to slowly reduce the amount of hedging that it provides to the market.Two...
BoI on hold, USD-ILS drifting lower
Jun 22, 2015 07:50 am UTC| Commentary
BoI is widely expected to leave monetary policy on hold today: like in the Czech Republic, in Israel too, latest CPI data portray a gradual fading of the deflationary impulse. This makes it unlikely that the CenBank will...
Euro Area's June PMIs to suggest stable second-quarter growth of 0.4% qoq
Jun 22, 2015 07:37 am UTC| Commentary
In the past months, the Euro areas service sector has been supported by household consumption, whereas corporate spending and export growth, which are more significant for the manufacturing sector, have taken longer to...