EMEA: Poland on hold, divergent inflation trends in Turkey and Russia
Oct 04, 2015 22:18 pm UTC| Commentary Economy
In Poland, NBP is expected to keep policy rate unchanged. Inflation surprised on the downside, and is very low at -0.8% y/y. However, base effects and drought should boost it in Q4 and next year. Growth has remained steady...
NJA: USD/Asia uptrend still intact
Oct 04, 2015 22:12 pm UTC| Commentary
Risk sentiment appears to have stabilized with markets going into a seasonally more favourable quarter in Q4. However, China growth concerns, Fed normalization and increasingly dovish regional central banks are likely to...
Norwegian and Swiss CPI data the focus
Oct 04, 2015 21:53 pm UTC| Commentary
In Norway, August Industrial Production (Wednesday) and inflation data (Friday) will be the main focus of the week. Underlying inflation (CPI-ATE) is expected to have grown by 2.9% y/y (consensus: 3.0% y/y). The Banks...
An uptick expected in Swedish industrial and Services Production
Oct 04, 2015 21:40 pm UTC| Commentary
The SEK remained well supported last week despite softer-than-expected Manufacturing PMI data, which nonetheless continue to set Sweden apart relative to its European peers. For this week, market participants expect an...
Mexican Inflation and minutes in focus
Oct 04, 2015 21:23 pm UTC| Commentary
USDMXN is expected to remain range bound during this week as global headwinds continue to weigh on EM currencies and markets price a delay in the FOMC rate liftoff. In the rates space, it is believed that the events for...
Policy on hold, but the RBA may tweak its views on the global economy
Oct 04, 2015 21:03 pm UTC| Commentary Central Banks
The RBA (Tuesday) is expected to keep the cash rate unchanged at a record low of 2% given that the Governor recently said he was pretty content with current policy. However, the accompanying press release may be tweaked to...
Further BoJ easing expected in October
Oct 04, 2015 20:52 pm UTC| Commentary Central Banks
Deteriorating growth and weakening inflation outlook in Japan increased the pressure for the BoJ to act early. With regards to specific easing measures, the BoJ is expected to 1) increase the annual pace of monetary base...