Will BOE Minutes, CPI, and Retail Sales Help or Harm GBP?
This will be a key week for the GBP. While the annual budget release and the retail sales point to uneven growth in the economy, the inflation data should show that the BOE has more scope for QE if it is warranted. Therefore the microscope will f
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U.S CPI Increased by 0.4% in February – March Report
The Bureau of Labor Statistics published today the recent report of the U.S inflation for February 2012. According to the report the consumer price index rose by 0.4% and in annual terms the US CPI increased by 2.9%. The consumer price index with
Preview: US CPI – Higher Energy Prices Negative for Economy
Higher CPI based on higher energy costs has 3 main impacts which can all be interpreted as negative for the economy - less chance of Fed easing, less income for discretionary consumer spending, and weaker profit margins for producers. I would thi
U.S PPI Sharply Rose in February by 0.4% – March Report
According to the recent producer price index report, which came out today, the PPI for finished goods sharply increased by 0.4% February compared with January.
BOJ Needs To Prove Commitment To Reflation
he Bank of Japan needs to keep moving, says BofA Merrill Lynch, which thinks there is an "expectation for some concrete action which provides evidence that the BOJ has a strong and ongoing commitment to reflation."While BofA strategists ,,,,
BOC Statement Less Dovish, CAD Gains in USD/CAD, AUD/CAD
The Bank of Canada interest rate statement made some waves in currency markets as the bank struck a less dovish tone, and likely undercut any expectations of the bank's next move being a rate cut. The bank upgraded its assessment of the economy a
Preview: ECB Interest Rate Decision
On Thursday, we get the latest ECB rate decision. If Draghi's press conference offers little beyond him hailing the LTRO as successful it's likely to trigger only a muted reaction. However if he makes a definitive statement ruling out further len
Preview: BOC Rate Decision and USD/CAD
The Bank of Canada has been in a "wait-and-see" mode for several meetings now, with the bank holding interest rates steady for 11 straight meetings – a record. Expectation is for more of the same as the BOC hold rates at 1%.The Canadian economy i
Preview: Can RBNZ Rate Decision Extend Recent AUD/NZD Downsw
While the general consensus is that the RBNZ will not be changing interest rates in its upcoming meeting, this risk event is still important for the forecasts that the RBNZ will put forward - the latest update since December. The interbank market
Is this China's last ditch effort to avoid the hard landing?
We talk a lot about why the shift to sufficient levels of consumption will be tough for China to achieve with any efficiency. Basically, the consumer faces pressures from inflation and redirected capital flows, from the central government to loca
Commodity Risk Economic Calendar – 5th-9th March
Key economic data releases affecting commodities this week.


