Daily outlook for TRY: Commerzbank
Feb 24, 2015 08:04 am UTC| Commentary
Quotes from Commerzbank Corporates Markets: -TRY: We expect all three policy rates (repo, lending, borrowing rate) to be cut by 50bps at todays CBT meeting: this will impact TRY only marginally, in our view, since market...
Daily outlook for HUF: Commerzbank
Feb 24, 2015 08:02 am UTC| Commentary
Quotes from Commerzbank Corporates Markets: -HUF: We expect NBH to leave rates unchanged today. But, we expect rates to be cut beginning March when new inflation projections are ready; by end-year, we expect rates to be...
Daily outlook for EUR: Commerzbank
Feb 24, 2015 08:01 am UTC| Commentary
Quotes from Commerzbank Corporates Markets: -EUR: The Greek government is late to submit its reform list. So what? The FX market interprets this process as an obligation and ignores the delay. As the coordination between...
Daily outlook for DKK: Commerzbank
Feb 24, 2015 08:00 am UTC| Commentary
Quotes from Commerzbank Corporates Markets: -DKK: Yesterday and on Friday EUR-DKK even traded above the central EMS II parity. The assumption that Nationalbanken might be forced to abandon the euro peg (a la SNB)...
TRY will likely weaken following CBRT meeting today: UniCredit
Feb 24, 2015 07:59 am UTC| Commentary
Quotes from UniCredit Research: -The TRY will likely weaken following the CBRT meeting today (12:00 GMT). -Our economists forecast a 50bp cut in the main refinancing rate, but we think markets are pricing in a more...
Daily outlook for EUR: UniCredit
Feb 24, 2015 07:57 am UTC| Commentary
Quotes from UniCredit Research: -EUR: Two things will likely be the main focus today: the Eurogroup decision on the Greek proposals and Ms. Yellens testimony before the US Senate. On the former, we fear that Europeans may...
Germany economy is becoming much more reliant on domestic conditions: Societe Generale
Feb 24, 2015 07:55 am UTC| Commentary
Quotes from Societe Generale Cross Asset Research: -German GDP grew by a suprisingly strong 0.7% qoq in Q4 2014 (consensus 0.3%, SG 0.5%). As suggested by very strong retail sales in the quarter, we expect household...
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