
Will BoJ intervention turn the trend in the JPY?
Feb 12, 2016 15:46 pm UTC| Commentary Central Banks
Intra-day USD-JPY price action which has evidenced occasional spikes higher shows the fear of intervention from the Bank of Japan. Historical data has shown that intervention usually causes a knee-jerk reaction,...

ECB’s growth forecast of 1.7% for the euro zone too optimistic
Feb 12, 2016 14:38 pm UTC| Commentary Central Banks
Data released earlier today showed that German GDP in Q4 expanded by 0.3% q/q as expected (consensus : 0.3%). Details showed that strong government and private consumption was obviously neutralised by declining external...
South Korean won likely to fall against US dollar, BoK rate decision in focus
Feb 12, 2016 12:30 pm UTC| Commentary Central Banks
USD/KRW remains well supported above 1200.00 marks. Since the start of this week, pair remains range bound in between 1211 to 1185 marks. BOK will announce its interest rate decision by next week on February...
Strong yen puts pressure on BoJ
Feb 12, 2016 11:47 am UTC| Commentary Central Banks
The Japanese stock market indices continue to decline as Nikkei lost more than 750 points since morning. The losses amounted to more than 10% since the Chinese stock markets have been closed for New Year celebrations. The...

Feb 12, 2016 11:17 am UTC| Insights & Views Central Banks
European banks credit and equity are at levels not seen since 2012-13. The 2008-09 financial crisis and the negative impact on the banking sector has created a significant level of non-performing assets. Despite provisions...
Growth becomes headache for ECB in addition to noflation
Feb 12, 2016 10:44 am UTC| Commentary Central Banks
Noflation alone, wont be dominating governing council meeting in March, when ECB members convene on 10th, especially after todays release of economic dockets. Germany, which is Euro Zones largest and most stable...

Eurozone struggles to shrug off deflationary pressure
Feb 12, 2016 09:16 am UTC| Commentary Economy Central Banks
Newly released datasets, released today casts further doubts on current European Central Banks (ECB) monetary policy, not being enough to tackle deflation. European Central bank indicated that it would reviewing its...