LatAm: MXN no reasons to hike; BRL free fall
Sep 20, 2015 21:51 pm UTC| Commentary
Banxico is expected to remain on hold next Monday as the Fed delays its lift-off and the global and local economic outlook actually points to easier monetary conditions. Further MXN weakness versus the USD is expected in...
Norges Bank tentatively on hold but signal one more cut in Q4
Sep 20, 2015 21:13 pm UTC| Commentary Central Banks
The Norges Bank is expected to keep policy unchanged at its September meeting (consensus: 1.00%), despite Norways weak near-term growth outlook. Three reasons are identified for why Norges Bank may stay its hand. First,...
China growth concerns to cap AUD bounce amidst USD pullback
Sep 20, 2015 20:32 pm UTC| Commentary
The ABS home price index (Tuesday) is the only important domestics release for the week. House prices have increased at a rapid rate this year, with annualised growth accelerating to roughly 15% over recent months....
Inflation data will be the focus of the holiday-shortened week in Japan
Sep 20, 2015 20:27 pm UTC| Commentary
Inflation data will be the focus of the holiday-shortened week in Japan (Silver Week holidays from Monday to Wednesday). August Nationwide Core CPI excluding fresh food (Friday) is expected to drop by -0.2% y/y (consensus:...
Sep 20, 2015 20:19 pm UTC| Commentary
The USD will probably remain on the sidelines during the next few weeks as markets continue digesting last weeks FOMCs statement which was considered somewhat more dovish than anticipated. The Fed will refrain from hiking...
Euro area PMIs to moderate ahead of likely further ECB action
Sep 20, 2015 20:15 pm UTC| Commentary Central Banks
The euro area flash composite PMI (Wednesday) is expected to moderate slightly in September to 54.1 (consensus: 54.0; last: 54.2), as the manufacturing and services sectors post slight declines to 52.0 (consensus: 52.0)...
Housing starts and permits - Single-family permits show better pickup
Sep 18, 2015 17:31 pm UTC| Commentary
Single-family permits increased by 3% to a SAAR of 699,000 units in August from 680,000 units in July, above expectation for +1% m/m to 685,000. The sequential improvement is consistent with comments made by TOL (first 4...