Canada's manufacturing sales report on Friday
Aug 09, 2015 21:58 pm UTC| Commentary
The manufacturing sales report on Friday is the only top tier release in Canada this week. On the monetary policy front, all will be quiet for a couple more weeks (next scheduled BoC speech is on Aug 25)."For June...

FOMC Meeting: The decision is taken
Aug 09, 2015 21:46 pm UTC| Commentary
With only one more employment report to go, it seems plausible that the FOMC has already decided what to do in its next meeting. Although wage pressures remain soft, the job market has probably improved enough to justify...
NJA: Asia FX to find little cheer from macro data
Aug 09, 2015 21:09 pm UTC| Commentary
Chinas real activity data (Wednesday) will be closely watched given its broad-reaching effect on EM growth and commodity prices. Chinas IP is expected to slip to 6.4% y/y (consensus: 6.6%; last: 6.8%) following the weak...
AUD’s slide likely to extend on soft China activity and Australia wage data
Aug 09, 2015 20:55 pm UTC| Commentary
Any AUD strength is expected to be capped, as Chinas real activity data are expected to moderate and Australias wage price index is likely to remain weak in Q2 (Wednesday; consensus: 0.6%). Business surveys are showing...
Japan: No reinforcement for the “Kuroda’s line”
Aug 09, 2015 20:45 pm UTC| Commentary
BoJ Governor Kuroda last week did not reinforce the "Kuroda line" - the level when the governor commented that further JPY REER depreciation is unlikely on June 10. Comments at the press conference were neutral, with...

GBP: Uncertain outlook to keep Sterling under pressure
Aug 09, 2015 20:30 pm UTC| Commentary
GBP was a notable G10 under-performer last week after the BoEs "Super Thursday" saw the MPC indicate a high degree of uncertainty regarding the economic outlook and appropriate timing of rate rises, encouraging the...
EUR: Activity and inflation data to confirm subdued demand conditions
Aug 09, 2015 20:14 pm UTC| Commentary
Euro area data this week are likely to be consistent with a large degree of spare economic capacity, supporting continued aggressive ECB QE and the bearish EUR view."We maintain high conviction in further EURUSD downside...