Sweden financial stability concerns likely keeping policy stable
Jun 29, 2015 11:10 am UTC| Commentary
Finally, further easing is unlikely on rising financial stability concerns related to a prolonged period of low (or even negative) interest rates. Swedish household debt exceeds 85% of GDP and equates to more than 160% of...
Further yen depreciation unlikely
Jun 29, 2015 10:56 am UTC| Commentary
The JPY appears to be caught between two powerful and opposing forces. On one side, the BoJs QQE program and portfolio outflows by Japanese investors; on the other, JPYsextraordinary cheapness, which is attracting...
Q3 to be the weakest quarter for gold
Jun 29, 2015 10:42 am UTC| Commentary
Activity in the gold market has continued to ebb and prices have become becalmed in an increasingly stagnant market.The $50 trading range of $1170-1220 in which gold has been stuck for the whole of Q2 is the least volatile...
Greece capital controls now seem likely
Jun 29, 2015 09:59 am UTC| Commentary
It seems unlikely that Greece can escape capital controls. Once in place, these will take time to lift; in the case of Cyprus, it took two years.Even under what currently seems the more likely outcome of a vote to "accept"...
Financial investors could sell off their oil investments due to higher risk aversion
Jun 29, 2015 09:51 am UTC| Commentary
Oil prices are down as the new week of trading begins. Brent has fallen below $62 per barrel, while WTI is priced at less than $58.5 per barrel.The escalation of the debt crisis in Greece (see Precious metals below) has...
Wheat prices in Chicago and Paris rise to multi-month highs
Jun 29, 2015 09:25 am UTC| Commentary
The International Grains Councils decision on Thursday to reduce the expected figure for the global crop in 2015/16 is likely to have driven up the price of wheat, as no doubt have the unfavourable weather forecasts for...
Gold price jumps only temporary, but ongoing Greek uncertainty to support the price
Jun 29, 2015 09:20 am UTC| Commentary
The debt crisis in Greece, which escalated dramatically over the weekend, is driving up gold prices as the new week gets underway.The markets seem to be calming down again after this first hefty reaction, however: the euro...