Politics should dominate price action for Brazil this week
Aug 16, 2015 21:38 pm UTC| Commentary
Volatility continues to dominate price action in Brazilian assets as political turmoil remains the main driver. With so much uncertainty around the political outcome in Brazil, BRL should keep its downward trend, in an...
Headwinds keep building against the looney
Aug 16, 2015 21:14 pm UTC| Commentary
Last week, oil reached a multi-year low price, with Canadian crude taking a particularly strong hit. The effects of the oil shock most likely will continue to ripple through the Canadian economy, putting pressure on the...
Chinese Yuan fixings to guide Asian FX amid a light calendar week
Aug 16, 2015 20:57 pm UTC| Commentary
The pace of CNY depreciation is expected to slow. Asia currencies, which have been dragged lower by the yuans slide, could catch a breather in this respect. However, the Feds tightening and weak exports/growth are expected...
GBP: Spending rebound amid falling prices
Aug 16, 2015 20:50 pm UTC| Commentary
UK inflation is likely to move even further away from the BoEs 2% target in July, encouraging the central banks recent dovish bias and the cautious GBP view of gradual outperformance against the EUR but material...
Euro area flash PMIs to be little changed
Aug 16, 2015 20:37 pm UTC| Commentary
In a relatively quiet week, euro area August flash PMIs (Friday) are likely to confirm continued recovery in the manufacturing sector but no acceleration in growth. We forecast the manufacturing PMI to drop slightly to...
Aug 16, 2015 20:29 pm UTC| Commentary Central Banks
The RBA board minutes (Tuesday) is not expected to have much market impact given the RBA outlined its updated outlook in the Statement on Monetary Policy. The RBA minutes have also been overtaken by events in that they...
Is China moving towards currency reform or competitive devaluation?
Aug 16, 2015 07:25 am UTC| Commentary
A move towards exchange rate reform, weaker growth, and a looming Fed hike all likely played a role in the recent CNY move. News of a possible third Greek bailout passed largely unnoticed this week and instead, investors...