RBI's another rate cut of 25bps likely in H1 16

Oct 21, 2015 08:55 am UTC| Commentary Central Banks

Government of Indias pro-active food price management, persistent idle manufacturing capacity leading to weak pricing power, fresh leg down in commodity prices globally in Q3 2015, and relatively stable INR seem to be...

Russian Central bank increases its gold reserves by 34 tons in September

Oct 21, 2015 08:11 am UTC| Commentary Central Banks

This morning sees gold trading at around $1,175 at the 200-day moving average. The Russian central bank continued to top up its gold reserves in September. According to figures on its website, it purchased 1.1 million...

BCB to stay on hold?

Oct 21, 2015 07:19 am UTC| Commentary Central Banks

It is pretty much a foregone conclusion that the Brazilian central bank (BCB) will keep rates on hold at tonights Copom meeting at 14.25%. The improvement in external financing conditions (lower US yields etc.) alongside...

BoE governor's speech likely to cover Brexit

Oct 21, 2015 07:12 am UTC| Commentary Central Banks

Bank of England Governor Mark Carney, during his speech, will be referring to the effects of a possible Brexit (Great Britain leaving the EU) for the UK and the BoE. As Carney has suggested it is going to be a bit of a...

BoC to hold rate unchanged today

Oct 21, 2015 06:58 am UTC| Commentary Central Banks

Sentiment in Canada is turning. And that is not only due to the imminent change in government following the surprise majority achieved by the Liberal Justin Trudeau. The economy too seems to be picking up again following a...

Uncertainty regarding ECB strategy

Oct 21, 2015 06:53 am UTC| Commentary Central Banks

Over the past few days speculation about an imminent extension of the ECB QE programme repeatedly put pressure on the euro the single currency was able to appreciate slightly yesterday. The reason behind it was the...

USD/CAD trades in narrow range, market awaits BOC policy decision for further direction

Oct 21, 2015 06:46 am UTC| Technicals Central Banks

Loonie has made a low of 1.2935 and recovered from that level. It has broken minor trend line resistance 1.2985 and is currently trading at 1.2994. Market awaits BOC monetary policy which will be announced on Oct...