EMEA: CBR, BoI and CBT to decide policy rates
Jul 26, 2015 22:12 pm UTC| Commentary
Barclays notes:In Russia, we and consensus expect the Bank of Russia (CBR) to slow the pace of easing and lower its policy rate by 50bp to 11% on Friday MPC meeting. At the most recent meeting, the CBR signalled that it...
LatAm: No reasons for Banxico to have a hawkish bias; BCB to deliver 50bp hike
Jul 26, 2015 21:46 pm UTC| Commentary
Barclays notes:Mexican inflation at new all-time lows should weigh on Banxicos decision next week. Despite recent weakness in EM currencies, we find little evidence of a broad FX pass-through and think that Banxico has...
NJA and AUD: USD-Asia crosses moving higher across the board
Jul 26, 2015 21:40 pm UTC| Commentary
USD-Asia crosses have pushed higher over the past two weeks after Fed Chairman Yellen signalled that the FOMC is likely to raise rates later this year. USDKRW, USDSGD and USDTHB have led the move higher in region, and now...

Swedish activity data to test recent SEK weakness
Jul 26, 2015 21:26 pm UTC| Commentary
Swedish activity and confidence data releases in the coming week are expected to steer the path for the SEK, likely confirming a positive economic outlook. Solid retail sales (Tuesday) and the preliminary release of Q2 GDP...
Canadian economy on the brink of recession
Jul 26, 2015 21:06 pm UTC| Commentary
Despite the better-than-expected retail sales print in May (1.0% m/m vs. consensus 0.6%), the ongoing decline in the price of oil and other commodities and the weakness in investment will continue to weigh on the...

Eyes on Japanese data and politics, but focus remains on the Fed
Jul 26, 2015 20:45 pm UTC| Commentary
USDJPY remained range-bound around 124 last week after rebounding sharply from 120 on receding Greek concerns. Recent price action has been consistent with the view that USDJPY should oscillate around 123 with risks on...
Jul 26, 2015 20:36 pm UTC| Commentary
Barclays notes:In an otherwise quiet week for UK data and events, focus will centre on UK Q2 GDP (Tuesday); we forecast 0.6% q/q growth, slightly below the consensus forecast of 0.7%. Wednesdays lending report may also...