BoE MPC likely unanimous, robust labor-market data expected
Mar 17, 2015 06:34 am UTC| Commentary
The BoE MPC minutes will be released on Wednesday along with labour-market data. The February inflation report showed that the MPC believes the impact of lower energy prices is likely to have onlya transitory effect on...
Japan trade data likely disappointed in February
Mar 17, 2015 06:30 am UTC| Commentary
Japan will release February trade data on 18 March.Standard Chartered notes as follows.. We expect exports to have contracted by 1.0% y/y after they spiked 17% y/y in January, and imports to have increased 7.0% y/y...
USD-NGN likely to adjust to a higher equilibrium later this year
Mar 17, 2015 06:28 am UTC| Commentary
The Central Bank of Nigeria is likely to cap the upside for USD-NGN for now at its special intervention auctions and limit trading in the illiquid FX interbank market, but this implies that FX reserves will decline...
RBI easing will likely be a slight positive for the INR
Mar 17, 2015 06:20 am UTC| Commentary
The INR has been an exception to the rule of FX weakness in the wake of monetary easing.Lower policy rates have been positive for domestic equities and boosted growth-sensitive inflows.Arguably, the two Reserve Bank of...
Further policy easing by BI will exacerbate recent selling pressure on IDR
Mar 17, 2015 06:18 am UTC| Commentary
If Bank Indonesia (BI) eases further, it will likely exacerbate recent IDR weakness. As such, there is a risk to the view that further easing may be postponed to provide some degree of IDR stability.Standard Chartered...
Another likely MAS move in April will weigh on the SGD
Mar 17, 2015 06:16 am UTC| Commentary
The Monetary Authority of Singapore (MAS) will likely lower the centre of the SGD nominal effective exchange rate (NEER) policy band by 2% (see On the Ground, 11 March 2015, Singapore.Standard Chartered notes its...
Further monetary easing likely in Singapore, India, China and Indonesia
Mar 17, 2015 06:14 am UTC| Commentary
More broadly, the USD to generally likely remain on a strong footing against most AXJ currencies as the Fed inches closer to the first rate hike, while many Asian central banks have an explicit easing bias amid low...
Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects