Italian November Industrial production likely to rise 0.3% M/M

Jan 13, 2016 12:38 pm UTC| Commentary

Eurozones Industrial Production dropped by 0.7 percent M/M, below consensus of -0.3 percent, consistent with an annual growth rate of 1.1percent Y/Y, down from 2.0% Y/Y.While Q3 growth remained unchanged at +0.2percent...

Currency War Series

Hungarian base rate likely to cut from 1.35% to 1% in H1 2016

Jan 13, 2016 12:03 pm UTC| Commentary Central Banks

MNB economist and director Barnabas Virag recently stated that there is still space for further monetary easing in Hungary. With the preparation of estimates for the Q4 Inflation Report, the inflation developments have...

Currency War Series

Global markets concerned over diverging monetary policies

Jan 13, 2016 11:27 am UTC| Commentary

The U.S. Federal Reserve monetary tightening initiations lead to global monetary policy divergence as most Asia-Pacific economies are seen maintaining an easing bias in the near future. In this context, global economies...

Currency War Series

Further quantitative easing measures unlikely from BoJ

Jan 13, 2016 10:40 am UTC| Commentary Central Banks

Bank of Japans monetary authorities are seen confident to achieve the price stability target of 2% Y/Y facilitated by current asset purchase program that seeks to increase the monetary base by 80 trillion annually....

Euro Zone industrial output calls for further action from ECB

Jan 13, 2016 10:27 am UTC| Commentary

European Central Bank hawks might have to loosen their stance of not increasing the pace of asset purchase, which shocked the market in December and pushing Euro close to 400 pips higher with hours. Euro zone, which is...

Fundamental Evaluation Series

Weak Japanese fundamentals likely to put downward pressure on yen

Jan 13, 2016 10:11 am UTC| Commentary

The Japanese yen began 2016 on a high note, as it strengthened against the U.S. dollar on elevated global financial market uncertainties and consequential safe-haven flows. However, inadequate structural reform, enormous...

Oil in Global Economy Series

Oil bites big in US oil producing states’ tax revenue

Jan 13, 2016 09:55 am UTC| Commentary

Drop in oil price is taking big bites in US tax revenue, mainly in oil producing states, according to latest report from Energy Information Administration (EIA). While drop in oil tax isnt big for overall United States,...