SEK monthly currency outlook (6-12 month)

Oct 08, 2015 12:27 pm UTC| Commentary

As 2016 comes into focus, so will the next major wage round scheduled next year. The wage agreements covering around 3 million employees (~63% of labour force) in the private and public sector in Sweden will expire end of...

CHF monthly currency outlook (6 – 12 month)

Oct 08, 2015 11:31 am UTC| Commentary

The driving factor behind the long-term CHF view is Switzerlands inflation outlook which will allow the SNB to keep its nominal rates lowest in the world. While its real rates are amongst the highest in G10, it is observed...

CHF monthly currency outlook (1 – 3 month)

Oct 08, 2015 11:26 am UTC| Commentary

Though EUR/CHF reached a new post-floor high in mid- September (1.1050), the pace of appreciation is painfully slow. But we do not expect that to change. Higher EUR/CHF is positioned in options with a risk reversal but the...

Euro area price pressures remain muted from different perspectives

Oct 08, 2015 11:14 am UTC| Commentary

The most popular ex-type measure of underlying inflation is the one traditionally referred to as Eurostat core inflation, which excludes energy, food, alcohol and tobacco prices. Given its recent increased volatility,...

German's exports slump in August

Oct 08, 2015 10:31 am UTC| Commentary

Germanys trade surplus (value) narrowed to 15.3bn in August from 25.0bn in July. This comes on the back of exports having dropped at their fastest pace since the 2009 financial crisis (-5.2% m/m), accompanied by a smaller...

Decline in production in China and India push raw sugar price to 7-month high

Oct 08, 2015 09:16 am UTC| Commentary

The price of raw sugar in the most-active contract with a March 2016 maturity date closed yesterday at a 7-month high of 13.98 US cents per pound. The sugar price has soared by more than 20% over the past two weeks. Market...

PBoC likely increased its gold reserves by 15 tons in September

Oct 08, 2015 09:09 am UTC| Commentary

Bloomberg likewise reports that the Peoples Bank of China (PBoC) purchased around 15 tons of gold in September, citing data from the PBoCs website. The PBoC has thus topped up its gold reserves for the third month in a...