Daily Economic Outlook: 19th October, 2015

Oct 19, 2015 04:06 am UTC| Commentary

Concerns about the Chinese economy and speculation over when the Fed will begin to raise interest rates are likely to continue to remain the dominant immediate issues for markets. While the overnight release of Chinese...

Renewed pressure likely on RBA as rate cut discussion intensifies

Oct 19, 2015 03:43 am UTC| Commentary

The RBA board minutes are more important than usual should they contain any discussion of bank funding costs. The cash rate remains on hold at 2% all next year, although there is the risk of a cut, given the more uncertain...

BoC to ease further in the months to come

Oct 19, 2015 03:35 am UTC| Commentary

This is an eventful week in Canada, with Federal elections on Monday and the meeting of BoC capturing markets attention. Last week, the Liberal party consolidated its lead in the polls, with Conservatives following not far...

ECB and China to drive USD/JPY in near term

Oct 19, 2015 03:31 am UTC| Commentary

This week will likely be another quiet one before the much-awaited 30 October BoJ meeting next week. Hence, USD/JPY will likely be driven by overseas development, including the ECB and China data, as well as fluctuations...

Dovish ECB to weigh on EUR/GBP

Oct 19, 2015 03:28 am UTC| Commentary

After a volatile week for GBP crosses, this week will be relatively quiet on the data front and, as such, the catalyst for a continuation of last weeks EUR/GBP downtrend would likely be the ECB.A dovish ECB press...

ECB to prepare the way for additional stimulus by year-end

Oct 19, 2015 03:24 am UTC| Commentary

An increasingly cautious Fed, coupled with an uncertain EM outlook, has benefited the EUR recently, contributing to tighter euro area financial conditions. Coupled with the recent drop in inflation expectations, such...

USD finding the bottom, quiet week ahead

Oct 19, 2015 03:19 am UTC| Commentary

The USD is likely to remain flat, with a bias to regain upside momentum as the ECB meets and Chinese data are published. After weak prints in NFP and retail sales, market pricing for a December lift-off has decreased...