EUR/NOK likely to reach 9.20 in near term

Sep 30, 2015 06:07 am UTC| Commentary

Norges Bank surprised the market. In light of that, revisions are made to the EUR/NOK forecast slightly in the short term."In general EUR seems quite bearish and still downside is seen for EUR/NOK as well. Now the EUR/NOK...

Brazil's fiscal situation deteriorated

Sep 30, 2015 06:03 am UTC| Commentary

Concerns about the Brazilian economy and the governments failure to live up to its promises of fiscal consolidation prompted SP to downgrade Brazils sovereign rating to "junk" (BB+ - one notch below investment grade) in...

ECB's QE prolongation equals further flattening and additional purchase changes

Sep 30, 2015 05:59 am UTC| Commentary

If QE is prolonged then it is likely that the ECB at some stage will also have to change the mix of assets it is buying, simply on the back of the logic that there are not enough assets for them to buy."The easiest way to...

ECB likely to refrain from immediate expansion of its QE programme

Sep 30, 2015 05:56 am UTC| Commentary

Economic data coming from emerging markets have continued to disappoint. Chinese data, in turn, have not found a bottom yet, as illustrated by another fall in the manufacturing PMI. While the capacity of these events to...

Pace of U.S. private-sector job gains to hold steady in September

Sep 30, 2015 05:35 am UTC| Commentary

Despite its admittedly spotty record in predicting the official government series, ADP Research Institutes private payroll tally could color market expectations heading into the U.S. Bureau of Labor Statistics September...

India's disinflationary trend well entrenched

Sep 30, 2015 05:29 am UTC| Commentary

Indias two latest headline CPI data points, which indicate an extremely benign rate, are more an indication of a base effect than the actual inflationary trend. In fact, the post monetary policy release confirms the...

RBI surprises with rate cut, also revises FY-16 growth forecast down

Sep 30, 2015 05:24 am UTC| Commentary

With Indias domestic demand remaining weak and the external macro environment uncertain, the RBI was genuinely concerned about the underlying weakness in economic growth momentum. This is best exemplified by weak...