Russian Ruble: 1-3 Month Outlook
Aug 10, 2015 07:32 am UTC| Commentary
On July 29, CBR announced it will stop its daily FX interventions to build up its reserves due to increased volatility in the domestic FX market. The day before the announcement, USD/RUB breached 60 for the first time...
Yen to drift lower in near term
Aug 10, 2015 07:21 am UTC| Commentary
Although USD/JPY drifted back to the top of its recent range around 125 in July, broad USD strength was the main driver, with JPY gaining on most G10 crosses."Although the prospects for policy at the September 17 FOMC...
Aug 10, 2015 07:20 am UTC| Commentary
Norway is likely to release CPI and core inflation data today. In essence, todays data might tip the scales for or against a rate cut in September. Back in June, Norges Bank had hinted that it was tending towards another...
EUR/USD to be rangebound in long term
Aug 10, 2015 07:16 am UTC| Commentary
The slow pace of recovery means it will be a long time before inflationary pressures start to show. That should keep EUR/USD cyclically weak near current spot over the duration of coming months."But the ECB will be ending...
EUR growth slowly picking up in near term
Aug 10, 2015 07:12 am UTC| Commentary
EUR/USD has been range-bound, for the last six months, trading 1.05-1.15. As the first Fed hike approaches, EUR/USD is to break out of the 1.08-1.12 range to the downside but still think that there are better ways than...
FX market remains skeptical following US labor market report
Aug 10, 2015 07:09 am UTC| Commentary
US labor market figures released on Friday were expected to confirm whether the labor market situation had indeed improved and paved the way for a rate hike in September.The figure reveals 215k new jobs were created, the...
China's PPI deflation deteriorates
Aug 10, 2015 07:05 am UTC| Commentary
Chinas CPI rose 1.6% y/y in July, up from 1.4% in the prior month and a notch higher than market expected, due to rising pork prices.While the surging pork prices could continue to add pressure on CPI inflation in the next...