Daily Economic Outlook: 30th June, 2015
Jun 30, 2015 04:28 am UTC| Commentary
In advance of the end-month bailout extension expiry, Greek developments will remain closely watched both for signs of any return to negotiations, or of any change in sentiment around the ECBs ongoing support to the Greek...
Cross-currents to keep AUD stable
Jun 30, 2015 04:07 am UTC| Commentary
The AUD has been relatively stable versus the USD and on a trade weighted basis in June, ending the quarter close to the forecast of 0.77. There have been various cross-currents including mixed domestic data (weak...
AU rates: a conditional easing bias
Jun 30, 2015 03:59 am UTC| Commentary
RBA policy risk is supporting a steep curve. RBA is expected to the keep policy unchanged over coming months while the Bank assesses the run of data to gauge the traction of current policy settings.There is an implied...
Jun 30, 2015 03:54 am UTC| Commentary
The pickup in US data alongside a September Fed hike will support USD-CAD.Additionally, WTI prices will dip in Q3 (before rebounding in Q4), according to our energy analysts, also weighing on CAD. With USD/CAD downside...
CAD rates to continue to outperform US
Jun 30, 2015 03:47 am UTC| Commentary
Recent economic data point to continuing divergence of monetary policies in US and Canada. Q1 GDP in Canada at -0.6% came much weaker than projected by the BOC, showing a greater negative impact from the oil shock than...
Jun 30, 2015 03:41 am UTC| Commentary
Bank of Japan (BoJ) Governor Haruhiko Kurodas recent comments about the yens real effective exchange rate and his later explanatory remarks prompted discussions in the FX market.Basic scenario is that USD/JPY will hover in...
JGB yields following a downward trend, but…
Jun 30, 2015 03:28 am UTC| Commentary
Rise in volatility due to low liquidity is becoming a risk for the JGB market. As long as central banks are buying government bonds in large quantities, yields will probably be vulnerable to downward pressure, and if the...
Canadians are feeling increasingly powerless amid economic struggles and rising inequality
Another election, another round of Nigel Farage hype, with no lessons learned