CAD on hold this week, cuts to come further ahead
Apr 12, 2015 23:10 pm UTC| Commentary
The BoC is expected to stay on hold at Wednesdays meeting with the market consensus and the OIS curve indicating no change. In recent comments, Governor Poloz has acknowledged the weakness in Q1 and so the fact that the...
PPI and BoJ minutes in focus for the JPY
Apr 12, 2015 22:34 pm UTC| Commentary
The March PPI (Monday) is expected to rise +0.8% y/y (consensus: +0.4%). The domestic consumer goods component of the index, which has been sharply negative, will also be watched as its correlation with downstream prices...
Apr 12, 2015 22:24 pm UTC| Commentary
A Further GBP weakness is expected this week as price and labour market data should confirm the current low inflation environment and investors likely sharpen their focus on the highly uncertain general election which is...
ECB to reiterate commitment to aggressive easing
Apr 12, 2015 22:08 pm UTC| Commentary
EUR should remain under pressure this week as the ECB likely reiterates its commitment to its new Public Sector Purchase Programme (PSPP) and March inflation data confirm the need for this aggressive monetary policy...
Solid retail sales to confirm the health of the US consumer
Apr 12, 2015 21:45 pm UTC| Commentary
The Fed minutes and recent Fed speakers suggest that the bar for beginning the normalization process has been lowered. With only one rate hike priced this year, there remains scope for re-pricing in US rates and further...
Data calendar to be relatively heavy in the coming week
Apr 12, 2015 21:30 pm UTC| Commentary
The data calendar is expected to be relatively heavy with important implications for FX markets in the coming week. March inflation data for the US (Friday), the UK (Tuesday), Canada (Friday), Sweden (Tuesday) and the...
BoC to revise growth and inflation forecasts
Apr 12, 2015 20:42 pm UTC| Commentary
The Bank of Canada will likely revise its growth and inflation forecasts lower in its MPR (Wednesday) and preserve an easing bias.The BoC is expected to leave policy unchanged at 0.75% for now (consensus: 0.75%. market...
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