Checking up on Japan's inflation and labour markets
Nov 22, 2015 21:54 pm UTC| Commentary Economy
Broad USD trend and fluctuations in risk sentiments will likely remain the main driver of USDJPY with Japanese data coming into focus in the latter part of this week. In particular, October Nationwide CPI (Friday) will be...
Autumn Statement to confirm significant fiscal tightening in UK
Nov 22, 2015 21:40 pm UTC| Commentary Economy
Wednesdays Autumn Statement and associated Office for Budget Responsibility forecasts will be a key focus for UK investors this week. For FX markets, interest will centre on any revisions to the path of forecast fiscal...
Federal economic and fiscal update for Canada
Nov 20, 2015 17:53 pm UTC| Commentary Economy
Federal Finance Minister Bill Morneau provided an update this morning of the governments view on the economic and fiscal outlook for Canada. Real output growth is expected to come in at 1.2% this year, and 2.0% next, a...
Russia's industrial production a bit slower, but no longer a soft spot
Nov 20, 2015 15:59 pm UTC| Commentary Economy
In October, Russian industrial production did not deteriorate that much in annual terms ( 3.6% yoy versus -3.7% yoy in September), but, taking seasonal and calendar effects into account it continued to contract (-0.1% mom...
Canadian retail sales fall in September for the first time in four months
Nov 20, 2015 15:16 pm UTC| Commentary Economy
Canadian retail sales fell 0.5% (m/m) in September after rising for four consecutive months. Todays reading came in well below the median consensus forecast of a 0.1% increase. Much of the weakness was due to lower prices...
Another modest month for Canadian inflation
Nov 20, 2015 15:12 pm UTC| Commentary Economy
Canadian inflation was up 1.0% year-on-year in October, a repeat of the growth seen in September. Core inflation, which excludes the eight most volatile components, rose 2.1% y/y for a third consecutive month. Price...
Japan sliding into recession mode, 2% inflation target still a major concern for BoJ
Nov 20, 2015 09:33 am UTC| Insights & Views Economy
The GDP data (-0.2%) for Q3 illustrated that Japan is in recession. However, while the inflation rate remains at 0 because of which the BoJ cannot breathe a sigh of relief. Unchanged unemployment claims were stubborn...