RBI policy announcement ;FX market implications
Apr 07, 2015 23:39 pm UTC| Commentary
Standard Chartered notes : We expect a limited impact on USD-INR, as the RBI policy announcement was largely in line with market expectations. Interestingly, the policy highlighted the negative impact of INR real...
RBI maintains status quo on policy rates, further rate cuts are still likely
Apr 07, 2015 23:25 pm UTC| Commentary
It did not come as a surprise that the Reserve Bank of India (RBI) maintained status quo on rates in its policy meeting today. The repo rate was kept on hold at 7.50%. This does not indicate an end to monetary policy...
USD/CAD remains 50pips below the level
Apr 07, 2015 22:48 pm UTC| Commentary
USD/CAD remains 50pips below the level ahead of the payrolls release and CAD is the only G10 currency that has not fully reversed gains on the back of that release.WTI extending yesterdays gains to the highest level in a...
BoJ to keep target for annual growth unchanged
Apr 07, 2015 22:13 pm UTC| Commentary
Economists universally expect the BoJ to keep its target for annual growth in the monetary base unchanged at JPY80trn at todays policy announcement.There is some discussion in the local media, however, that last weeks...
US Trilogy of Yellen-Fischer-Dudley speeches make minutes look old
Apr 07, 2015 21:53 pm UTC| Commentary
The minutes of the 17-18 March FOMC meeting will be released at 14:00 ET on Wednesday. The March statement no longer referred to a "prudent" stance, but the growth forecast downgrades, the lower dot plot trajectory, and...
German industrial production likely rose in February
Apr 07, 2015 21:36 pm UTC| Commentary
German industrial production has been weak since the beginning of summer 2014, reflecting mostly adverse geopolitical events, but has recently shown signs of improvement.The manufacturing PMI (manufacturing is the largest...
BoE likely to keep Bank Rate unchanged
Apr 07, 2015 21:29 pm UTC| Commentary
The large divergence between core and headline CPI reflects pressures from lower energy and food prices. Despite this, most Monetary Policy Committee (MPC) members have reiterated that the next move for the bank will be a...