US shale oil production likely to fall further in January

Dec 08, 2015 10:23 am UTC| Commentary

The oil prices dropped yesterday after OPEC refrained from cutting down the production on Friday, along with other reasons like USD strength, declining US equity markets and the prices that dropped below key support...

Russian consumer turmoil likely to ease in 2016

Dec 08, 2015 09:42 am UTC| Commentary

Russian private consumption growth continued to be in negative zone through January-October 15, due to demand-side shocks impacts. Loans access to households became very limited with high interest rates.With high...

Rio Tinto slashes CAPEX budget amid commodity rout

Dec 08, 2015 09:38 am UTC| Commentary

Before a key Aluminium conference in London, Rio Tinto, Australias mining giant announced that it will be slashing the capital expenditure further next year and beyond. With no recovery in sight for commodities, this is...

BoE rate hike - sooner or later?

Dec 08, 2015 09:30 am UTC| Commentary Central Banks

UKs growth is comparable to that of U.S., andinflation is similar to that of Euro zone. Positve economic momentum will be shown throughthe central bank ratessooner or later. BoE recently indicated that it will raise...

USD/RUB and oil prices display remarkable correlation

Dec 08, 2015 09:20 am UTC| Commentary

CBR had adopted free float this year, and since then USD/RUB and oil prices dispaly remarkable correlation, which is not surprising. Energy products make up a huge share in Russian exports. The slippage in oil prices...

China's trade performance remains weak

Dec 08, 2015 09:14 am UTC| Commentary Economy

In China, import growth for the month of November was above the market expectations, while the exports remained soft. Exports dropped by 6.8% yoy in November, market was expecting a drop of 5%. Imports fell by 8.7% in...

Negative Rates Series

Currency War Series

SNB’s deposit rate cut likely this week

Dec 08, 2015 09:11 am UTC| Commentary Central Banks

The modest rate cut by ECB last week raises pressure on the Swiss National Bank for a rate cut. The Swiss interest rates are below the EUR rates across the horizon, which support EUR/CHF to move above 1.10. Switzerland...