USDAsia pullback likely temporary; regional activity to stay weak

Nov 22, 2015 22:34 pm UTC| Commentary

The recent USDAsia pullback after the FOMC minutes is likely temporary, and possibly related to the unwinding of investors long USD positions ahead of a Thanksgiving holiday week. Activity data this week will likely...

ECB policy decision: Patience till December

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

EURUSD is expected to remain relatively choppy as we approach the December ECB event risk and see any squeeze higher as an opportunity to re-initiate short EURUSD positions ahead of the meeting. Indeed, the ECB further...

Checking up on Japan's inflation and labour markets

Nov 22, 2015 21:54 pm UTC| Commentary Economy

Broad USD trend and fluctuations in risk sentiments will likely remain the main driver of USDJPY with Japanese data coming into focus in the latter part of this week. In particular, October Nationwide CPI (Friday) will be...

Autumn Statement to confirm significant fiscal tightening in UK

Nov 22, 2015 21:40 pm UTC| Commentary Economy

Wednesdays Autumn Statement and associated Office for Budget Responsibility forecasts will be a key focus for UK investors this week. For FX markets, interest will centre on any revisions to the path of forecast fiscal...

Australia's mining capex slides as the non-mining capex outlook improves

Nov 22, 2015 21:26 pm UTC| Commentary

Two important reports on investment are due next week. The capital expenditure survey (Thursday) will provide figures on actual business investment in Q3 and, more importantly, firms revised investment plans for 2015-16....

Counting the days to the December Fed hike

Nov 22, 2015 12:41 pm UTC| Commentary Central Banks

With less than a month away from Federal Reserves December meeting where the FOMC will decide whether or not to start the first tightening cycle in more than a decade. Putting that into perspective, it will potentially be...

Federal economic and fiscal update for Canada

Nov 20, 2015 17:53 pm UTC| Commentary Economy

Federal Finance Minister Bill Morneau provided an update this morning of the governments view on the economic and fiscal outlook for Canada. Real output growth is expected to come in at 1.2% this year, and 2.0% next, a...