Asia Roundup: German retail sales beat estimates in July- August 31, 2015

Aug 31, 2015 06:56 am UTC| Market Roundups Central Banks

Market Roundup CFTC IMM CTA data - Specs slash long USD bets to lowest since mid-June, net EUR shorts lowest since July 14, net JPY shorts lowest since mid-May. Investors pull record $29.5 bln from equity funds...

Poland's July MPC minutes not so dovish

Aug 31, 2015 06:56 am UTC| Commentary Central Banks

According to the July NBP minutes, the majority of council members want rates to stabilise at the current level. They wrote in the minutes that in the coming years inflation was likely to gradually rise towards the target,...

RBA confronting riskier outlook

Aug 31, 2015 05:06 am UTC| Commentary Central Banks

A lot has happened since the RBAs August meeting, the net effect of which must have been to make the RBA board a good deal more concerned about downside risks to the outlook. To a large extent these risks emanate from...

RBA policy reaction at this stage is likely to be judged as premature

Aug 31, 2015 04:46 am UTC| Commentary Central Banks

Firstly, the uncertainty about China is simply too great, and the risks are not all one-way, if Chinas growth prospects improve as a result of the various changes, admittedly not the most likely scenario, the impact would...

ECB likely to extend the asset purchase program

Aug 31, 2015 04:32 am UTC| Commentary Central Banks

The ECB is expected to nod in the direction of further policy easing at this weeks Governing Council meeting, with risks skewed toward more forward-leaning guidance and possibly even action. Since the last policy...

BoJ likely to be on hold till April 2016

Aug 31, 2015 04:26 am UTC| Commentary Central Banks

A relief rally in global equity markets and solid US economic data helped USDJPY regain some of its losses. While yen should remain prone to the fluctuations in global equity markets, a potential Fed hike delay and...

RBA likely to be on hold

Aug 31, 2015 04:01 am UTC| Commentary Central Banks

The RBA cash rate is likely to be on hold for an extended period, but with the continued risk of a rate cut even as recent commentary from the bank has taken on a more neutral tone. This risk reflected frustration with...