Robust trend in Sweden's Q3 GDP

Nov 27, 2015 09:23 am UTC| Commentary

The surge in Swedens exports of services and low imports likely caused an uptick in GDP growth in recent quarters. The labor cost was likely low, which is why Riksbank might feel low inflation pressure. The importance...

Pound awaits GDP reading

Nov 27, 2015 08:47 am UTC| Commentary

Office of National Statistics (ONS) will release preliminary estimate of third quarter GDP estimate. Pound traders are awaiting the release to take further cue from. Past trends UK GDP growth stands highest among...

Currency War Series

PBoC terminates some onshore commercial banks' cross border lending, CNH liquidity tightens

Nov 27, 2015 08:45 am UTC| Commentary Central Banks

USD/CNH one year swap points rose 1900pips today, over 1500pips last week. There is liquidity tightening seen in the offshore market. This is because of Further weakness expected in CNH by the market, lowering the...

Russian economic sanctions against Turkey weigh on Lyra

Nov 27, 2015 08:38 am UTC| Commentary

TRY was roaring yesterday with USD/TRY jumping last 2.92 versus 2.84, in the week earlier, with Russian government launching economic sanctions against Turkey for shooting down its warplane. There is risk of financial...

Currency War Series

Pressure Builds On Saudi Arabia For Riyal Devaluation

Nov 27, 2015 08:18 am UTC| Commentary

The pressure on Saudi Arabia to reconsider its currency peg has been building up owing to the long period of falling oil prices. Since 1986, the riyal is officiallypeggedto theIMFsspecial drawing rights(SDRs). In practice,...

Spain's Flash November HICP inflation likely to be 0.0(mom) and -0.7(yoy)

Nov 27, 2015 07:38 am UTC| Commentary

Spains Flash October HICP inflation was 0.3, which is expected to decline to 0.0 for the month of November on a month-on-month basis. The HICP on year-on-year basis is expected to rise from Octobers -0.9 to -0.7, by the...

French October Consumer Spending likely to be -0.1(mom) and 2.8(yoy)

Nov 27, 2015 07:27 am UTC| Commentary

France Consumer Spending for the month of September stood at 0.0 mom, below expectations of 0.2, also falling from previous months 0.1 readings. For the month of October the consensus expectations are that the Consumer...