A glimpse on what extra Draghi’s monetary policy has delivered

Dec 04, 2015 07:00 am UTC| Commentary Central Banks

Draghi has delivered it finally to disappoint markets, contrary to past experience but as we feared given the high expectations. While the deposit rate was cut 10bp, asset purchases will not be accelerated.Although running...

Germany factory orders likely to rebounce in October

Dec 04, 2015 06:53 am UTC| Commentary

Germany factory orders in the month of October are expected to show some rebound to 1.2 month on month basis and Factory orders WDA yoy are expected to print at -2.5 by the market consensus. In September, the factory...

US Nonfarm payrolls likely dropped to 200K in November

Dec 04, 2015 06:48 am UTC| Commentary

US non-farm payrolls are expected to print at 200,000 by the market consensus in the month of November, lesser than that of its previous months 271K. In October, the total non-farm payroll employment increased by...

Currency War Series

Post ECB: All currencies bow to Euro

Dec 04, 2015 06:45 am UTC| Commentary

European Central Bank (ECB), unsettled markets all around globe, as it clearly under delivered, while promising to over deliver in prior communications. This is the first time, ECB has under delivered on promises, so...

Emerging Market Crisis Series

South Africa's SARB's vigilance on repo rate ensures inflation contained over long term

Dec 04, 2015 06:30 am UTC| Commentary Central Banks

SARB monetary policy indicates that consumer inflation is not expected to make any sustainable changes to the reserve boards 3-6% target band, real interest rates will likely climb up to 2.0%. The BER will publish its...

Currency War Series

ECB may hold current policy rates in near future

Dec 04, 2015 06:28 am UTC| Commentary Central Banks

The ECB declared a deposit rate cut of 10 base points to -0.3% and kept all other rates unchanged. The Bank extended its asset purchase program for further 6 month and decided to reinvest the principal payments on the...

US service sector expansion eases in November, activity remains robust

Dec 04, 2015 06:21 am UTC| Commentary

US ISM non-manufacturing index dropped by 3.2 points to 55.9 in November. This is way below than what market consensus has forecast, which made the index to retreat to 58 this month. This comes on the back of weak...