No rate cut expected in Poland, but further easing to come in the next months
Feb 02, 2016 21:16 pm UTC| Commentary Central Banks
National Bank of Poland is going to release its monetary policy tomorrow and market widely expects stable monetary policy by Central government. While analysts continue to believe that further rate cut is helpful to...
US ISM manufacturing index missed expectations, but far from disappointing
Feb 02, 2016 16:58 pm UTC| Commentary
US ISM manufacturing index edged up 0.2 points to 48.2 in January, missing expectations which called for a pick up to 48.4. The details of the report were however somewhat mixed. Despite missing on the headline print,...
Fed likely to put more weight on the ISM non-manufacturing index (Wednesday)
Feb 02, 2016 16:37 pm UTC| Commentary Central Banks
US ISM non-manufacturing index is scheduled to be released on Wednesday and expectations are for the index to have edged slightly lower to 55.1 from a reading of 55.3 in the previous month. While the ISM manufacturing...
Larger output cutbacks needed to rebalance the oil market
Feb 02, 2016 15:57 pm UTC| Commentary
Oversupply conditions continue to dominate the outlook for crude oil markets, with increasing inflows from Iran and Iraq. There has been a multi-year build-up in the output capabilities of non-OPEC energy producers, led by...
Canada to face a longer period of underperformance
Feb 02, 2016 15:04 pm UTC| Commentary
Canadian real GDP likely recorded little if any growth in the last quarter of 2015, underscoring the resource sectors outsized impact on the economys performance. Continuing economic and financial turbulence and lower...
RBA cash rate likely to stay unchanged throughout 2016
Feb 02, 2016 14:43 pm UTC| Commentary Central Banks
RBA as expected kept rates unchanged at todays meet, staying on hold for the eighth consecutive meeting since cutting to this record-low level in May 2015. The policy statement continued to view current monetary policy...
Currency snapshot (major pairs)
Feb 02, 2016 14:39 pm UTC| Commentary
Dollar index trading at 98.87 (-0.18%). Strength meter (today so far) - Euro +0.24%, Franc +0.06%, Yen +0.24%, GBP -0.15% Strength meter (since last week) - Euro +0.87%, Franc +0.25%, Yen +0.46%, GBP +1.03% EUR/USD...
U.S. payrolls exceeded expectations significantly, while the unemployment rate dropps to 4.1%.