Currency War Series

ECB's challenges into December: two BoJ meetings, one US employment report

Oct 22, 2015 21:16 pm UTC| Commentary Central Banks

A combination of an increase in asset purchases and a deposit rate cut is seen as the most likely outcome of the December meeting. And from that perspective, expectations management is likely to be one of the key...

US existing home sales jumped 4.7% in September

Oct 22, 2015 20:50 pm UTC| Commentary

U.S. existing home sales jumped 4.7% in September to 5.55 mln units annualized, the 2nd highest level since February 2007, or in over eight years. Sales of single-family homes single-handedly drove all of the gain, as...

FOMC Preview: Preparing for December in October

Oct 22, 2015 20:37 pm UTC| Commentary Central Banks

It is very unlikely that the FOMC will contemplate a hike at the upcoming gathering. More critically, officials will have to decide whether they still consider a December rate hike as likely and, if so, come up with a game...

ECB President Draghi sent a strong easing signal for the next meeting in December

Oct 22, 2015 20:24 pm UTC| Commentary Central Banks

ECB President Draghi sent a strong easing signal for the ECBs next meeting 3 December, when fresh projections are available, noting that, the degree of monetary policy accommodation will need to be re-examined at our...

ECB meeting, a currency war of words and inaction

Oct 22, 2015 17:57 pm UTC| Commentary Central Banks

ECB President Draghi was more dovish than expected, resulting in a large drop in the EURUSD. Specifically, the Governing Council re-inserted the possibility of cutting the deposit rate into the ECBs toolbox, which is in...

UK Growth likely slowed in Q3 but still at trend

Oct 22, 2015 17:53 pm UTC| Commentary

Todays release of retail sales in September was the last major data publication before the first estimate of GDP growth in Q3 is out next week. Retail sales were strong in September but only account for 5.7% of GDP. Based...

Poland's shift in economic policy expected after parliamentary election

Oct 22, 2015 17:29 pm UTC| Commentary

Polands main right-wing opposition party, Law and Justice (PiS), is leading in the polls and may therefore be able to form a new government following the election on 25 October. The new government will have limited scope...