USD/RUB highly volatile (Monthly Outlook, 1-3)

Sep 09, 2015 12:49 pm UTC| Commentary

CBRs monetary policy decision on Sept. 11 will be determined by the level of the exchange rate and headline inflation. On Aug. 26, CBR Deputy Governor Nabiullina stated, "The most important for us now - is that dynamics of...

Reform progress key to IDR (Monthly Outlook, 6 – 12)

Sep 09, 2015 12:41 pm UTC| Commentary

Indonesian President Widodo continues to struggle with opposition within parliament, preventing meaningful progress with reforms and infrastructure spending. But he has bought himself some time with the government...

Gold looks vulnerable to further break to down side –calls included

Sep 09, 2015 11:41 am UTC| Insights & Views Commentary

Our initial gold call at $1128/ troy ounce soured after reaching its first target at $1145/troy ounce and final target around $1155/ troy ounce seem quite distant. Golds recent down turn has produced an opportunity with...

Sharp fall in UK Manufacturing output in July

Sep 09, 2015 11:10 am UTC| Commentary

UK industrial production posted its second consecutive decline in July, falling by 0.4%, the same magnitude as in June. This print came against consensus expectations of a 0.1% rise and a steeper fall than our forecast of...

Gold remain unchanged despite firmer USD

Sep 09, 2015 09:39 am UTC| Commentary

Gold is continuing to trade largely unchanged at a good $1,120 per troy ounce this morning. This means at least that it is successfully resisting the firmer US dollar and rising equity markets. In euro terms, gold is...

Indonesia re-joins OPEC in December after seven years of absence

Sep 09, 2015 09:06 am UTC| Commentary

It was announced yesterday that Indonesia will re-join the group of OPEC countries in December, seven years after leaving it, despite the fact that Indonesia is still no longer a net exporter of oil - normally a...

Brent price rose significantly yesterday despite weak China data

Sep 09, 2015 09:02 am UTC| Commentary

Chinas return to the markets after the festivals at the end of last week also brought the volatility back to trading. Brent climbed by nearly 4% yesterday and thus recouped almost all of the losses it had made the day...