Japan - Eyes on political rhetoric
May 31, 2015 20:52 pm UTC| Commentary
USDJPY finally broke above the recent range (118-122) and rallied through the high since 2007 (124.14). Broad USD strength following upside surprises from US economic data, as well as relatively light positioning in the...
UK - No surprise in an unchanged BoE – PMI data in focus
May 31, 2015 20:47 pm UTC| Commentary
The consensus expect no change in the BoEs policy stance with the MPC leaving the Bank Rate at 0.5% and stock of asset purchases at GBP375bn (Thursday), therefore issuing no statement.The MPCs discussion will likely have...
Greek developments, ECB meeting and euro area data in the spotlight
May 31, 2015 20:41 pm UTC| Commentary
All eyes will stay on Greece in the coming week with the first June payment to the IMF (c.300mn) due on Friday. Recent headlines have been somewhat conflicting, with sources (The Guardian) suggesting that the IMF offered...
US labour market report to support further gains
May 31, 2015 20:27 pm UTC| Commentary
Better-than-expected data and Fed Chair Yellens recent confirmation of a likely 2015 lift-off have supported the recent rebound in the USD. Data this week should maintain this momentum.Labour market data will be the key...
National Bank of Poland to remain on hold next week
May 29, 2015 19:06 pm UTC| Commentary
Depreciation of the EURPLN by 3.5% since mid-April has caused a loosening of monetary conditions in Poland.While inflation at -1.1% y/y is still far below the 1.5-3.5% target, it has increased in the last two months....
Clock is ticking on an agreement for Greece ahead of repayments to the IMF
May 29, 2015 18:57 pm UTC| Commentary
Greece remained in the spotlight this week amid confusing and contradictory statements. The Greek government claimed that an agreement was within reach, while officials from creditor countries and the IMF warned that a...
U.S. disinflationary trend coming to an end
May 29, 2015 18:50 pm UTC| Commentary
The effect of past energy price declines on headline inflation are subsiding. Pass-through from prior US dollar appreciation is also set to fade.Import prices fell, in line with previous episodes of dollar appreciation,...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects