Political uncertainty is back in Brazil

Nov 29, 2015 23:13 pm UTC| Commentary

Last week political uncertainty came back to Brazil, with the arrest of Workers Party Senate leader Delcídio do Amaral in relation to the Carwash investigation. With its leader in Congress gone, the ruling party...

RBA ends the year on hold

Nov 29, 2015 22:54 pm UTC| Commentary Central Banks

The final RBA board meeting for this year will be held on Tuesday, with the Governor speaking on the economy the next day, shortly before the release of Q3 GDP. The RBA is expected to remain on hold, albeit with an easing...

BoC to hold despite weaker data

Nov 29, 2015 22:25 pm UTC| Commentary Central Banks

On Wednesday the BoC will hold its last meeting of the year. The bank is expected to keep its policy rate unchanged, as inflation is holding well and economic activity in the non-resource sector compensates the decline in...

Currency War Series

One last call before the FOMC

Nov 29, 2015 22:03 pm UTC| Commentary Central Banks

The market will be looking for reassurance regarding the start and pace of the Feds tightening cycle while waiting for the FOMC meeting on December 16. Fed futures are assigning a 74% probability of a rate hike in December...

Japan: Focus on global factors, but also watch for domestic recovery

Nov 29, 2015 21:51 pm UTC| Commentary

This week, USDJPY dynamics will likely be dominated by global factors, including the ECB, Yellen testimony, and NFP. Yet, Japan data, October industrial production (Monday), Q3 corporate survey (Tuesday), and October...

UK PMIs to drive further sterling weakness, historically wide Fed-BoE gap a risk

Nov 29, 2015 21:35 pm UTC| Commentary

Following recent confirmation of the governments planned fiscal consolidation and the BoEs dovish stance, disappointing activity data and ECB easing are likely to keep downward pressure on GBPUSD this week. November...

Currency War Series

All eyes on the ECB

Nov 29, 2015 21:22 pm UTC| Commentary Central Banks

Thursdays ECB meeting will be the key catalyst for EURUSD this week. A 10bp cut is expected in the depo rate and a time extension of QE. However, recent ECB comments coupled with the still unimpressive euro area inflation...