Fed leaves door to December hike wide open
Nov 03, 2015 21:37 pm UTC| Commentary Central Banks
The FOMC statement released at the conclusion of the October meeting left the door to a December rate hike wide open. The repetition that the Committee would like to see some further improvement in the labour market and...

Pace of Denmark's FX intervention slowed further in October
Nov 03, 2015 16:20 pm UTC| Commentary Central Banks
Denmark has just published Octobers FX reserve and central bank balance sheet. In October, the FX reserve declined to DKK492bn, from DKK514bn in September. DKK10bn of the decline was due to DN purchasing DKK in FX...
Danish central bank will not track ECB rate cut
Nov 03, 2015 15:32 pm UTC| Commentary Central Banks
The ECBs Governing Council has once again opened the floodgates for monetary easing. Even if the ECB chooses to slash its deposit rate in early December, economists do not expect the central bank to follow suit with a CD...
Synchronized central bank stimulus sets off global market rally
Nov 03, 2015 15:11 pm UTC| Commentary Central Banks
Economists have seen this all before as fundamentals deteriorate, central banks act. It happened in third quarter 2012. With earnings growth expectations negative, the Federal Reserve stepped in with a third round of...
BoE preview: market pushed hikes too far
Nov 03, 2015 14:44 pm UTC| Commentary Central Banks
Economists expect a measured hawkish nudge from BoEs Quarterly Inflation Report (QIR)to be published on 5 November. There has not been enough downside news, for the BoE to justify the decline in market interest rate...
European markets to look for cues in Draghi’s speech today
Nov 03, 2015 12:51 pm UTC| Insights & Views Central Banks
Euro as well as European bond and stock markets will look for cues on further ECB action in todays scheduled speech by European Central Bank (ECB) president Mario Draghi. After raising the possibility of further ECB...

Consolidation in USD/CAD to extend further, higher U.S rates, lower oil prices to weigh
Nov 03, 2015 11:28 am UTC| Insights & Views Central Banks Technicals
The Bank of Canada in October held interest rates, but painted a gloomy picture of the Canadian economy. The BOC noted that weak oil prices have had a negative impact on the export sector and hurt economic growth. In its...
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