Fed likely to adjust its statement as soon as the meeting on 17/18 March: Commerzbank
Feb 27, 2015 09:31 am UTC| Commentary
Quotes from Commerzbank Corporates Markets: -The Chairwoman of the Federal Reserve Board, Janet Yellen, has cautiously prepared markets for the normalisation of interest rates. In her Monetary Policy Report to Congress...
US industry should continue profiting from good consumer demand: Commerzbank
Feb 27, 2015 09:20 am UTC| Commentary
Quotes from Commerzbank Corporates Markets: -US industry should continue profiting from good consumer demand, which is boosted by the growing number of jobs. The general direction of the US economy is determined by the...
Greek banks likely to remain dependent on ELA: Commerzbank
Feb 27, 2015 09:18 am UTC| Commentary
Quotes from Commerzbank Corporates Markets: -We understand that the ECB Council will not decide before the Council meeting on Thursday whether Greek government bonds will again be accepted as collateral for ECB repo...
Further expansionary measures by ECB cannot be discounted: Commerzbank
Feb 27, 2015 09:15 am UTC| Commentary
Quotes from Commerzbank Corporates Markets: -The weak euro and cheap oil appear to be fuelling the euro zone economy. Even so, a strong upswing is not on the cards since the sharp rise in private debt in many euro...
TRY should be better supported due to a cut to 1-week repo rate by CBRT: UniCredit
Feb 27, 2015 09:09 am UTC| Commentary
Quotes from UniCredit Research: -On Tuesday, the CBRT cut the 1-week repo rate by 25bp to 7.5%, in the second consecutive cut of the year. The O/N borrowing rate was also cut by 25bp to 7% while the O/N lending rate by...
Daily outlook for commodity currencies: UniCredit
Feb 27, 2015 07:54 am UTC| Commentary
Quotes from UniCredit Research: -Commodity currencies: The higher USD cut part of recent AUD and NZD gains, also lifting USD-CAD close to 1.25 although the Canadian CPI declined less than expected in January. Chinese PMI...
Daily outlook for JPY: UniCredit
Feb 27, 2015 07:53 am UTC| Commentary
Quotes from UniCredit Research: -JPY: As expected, overnight data in Japan disappointed again, primarily with inflation still far away from the 2% BoJ target once the consumption tax hike is excluded. -Yesterdays USD...