USD Review- Lloyd Bank

Mar 18, 2015 07:01 am UTC| Commentary

The FOMC meeting will be the main market focus today. USD strength has been relentless pretty much across the board since the start of the month.The recent renewed optimism towards the USD centres on growing expectations...

India’s fiscal deficit trend improvement has been mostly fortuitous

Mar 18, 2015 06:47 am UTC| Commentary

One would, of course not begrudge the governments intention of stimulating an economythat is staring at a slow recovery.The fact remains, however, that one of the reasons why the governments decision has generally been...

Czech GDP growth seen at 2.3 % this year and 2.7% next

Mar 18, 2015 06:43 am UTC| Commentary

Czech January retail sales (including the automotive sector) increased by a solid 6.4 % yoy thus significantly beating the markets estimates.Car sales contributed significantly, up 8.7% yoy (12.1% WDA), confirming its...

U.S. Fed no longer patient, but by no means hasty

Mar 18, 2015 06:39 am UTC| Commentary

One can never be sure of anything, but the probability of the Fed dropping the "patient" language above 95%.This will end an era of forward guidance and mark a shift to full data dependency. While nothing is pre-determined...

Polish PPI will remain below zero until end-2015

Mar 18, 2015 06:35 am UTC| Commentary

Societe Generale notes its expectations as follows: We estimate that PPI deflation remained unchanged at -2.9% yoy in February. We expect manufacturing costs to have decreased by 0.2% mom and mining quarrying costs...

Polish industrial output growth to accelerate in February

Mar 18, 2015 06:32 am UTC| Commentary

Societe Generale notes its expectations as follows: We expect industrial output growth to have increased to 2.5% yoy in February from 1.7% in January. In monthly terms, we estimate a decrease of 1.0%. Industrial output...

Polish retail sales likely to dip in February

Mar 18, 2015 06:29 am UTC| Commentary

Societe Generale notes its expectations as follows: We expect retail sales growth to be down to 0.3% in February from 0.1% in January. On a monthly basis, we expect a drop of 1.0%. Retail sales were mainly driven by...