While UK inflation might produce some negative prints in the coming months (our central forecast is that it remains zero or above), the threat of deflation is limited.
Actually, I believe there is a positive consolidation in the Dollar over the next 1-2 months.
Germany and Euro zone as a whole are experiencing quite strong economic tailwind at the moment.
Generally, the Ruble is feeling itself much better now. We have seen a significant turmoil in the currency during the month of December, which was triggered by a set of various factors.
I believe Japanese interest rates increase is still a very long time away.
I believe some market participants, especially some US hedge funds, thought that the Danish Krone and the Danish central bank were more likely to respond the same way as SNB did if the Danish currency reserve increased much like in Switzerland.
India officially overtook China as the world's biggest gold consumer last year, and that trend has continued into 2015.
China and the US present two different underlining fundamental influences on gold price.
It is quite hard to say at the present, as there are some indications which could mean the effect on the economy is not as strong as you would have expected initially.
We see June as the mostly likely timing for the Fed to raise rates from the zero bound.
From the historical experience, when the BoC cuts interest rates, it does not tend to do it just once.
I do not expect any change in OPEC production policy, since Saudi Arabia is the de-facto leader of the cartel.
It will be a tough challenge for the ECB to accomplish the target they have set.
It actually has been a fairly remitted reform from officials in general.
We think this is definitely possible to achieve. Economic growth is of course slowing in China, but this is largely due to cooling investment, particularly in the property sector and in heavy industry, rather than weaker consumption.
More rate cuts are necessary and we expect the next cut approximately in March/April.
Of course, the development of exports is the key to economic growth in New Zealand.
I believe we have rather an optimistic view for this year, which is largely supported by a fiscal stimulus.
The BoE's inflation report will have to slash the forecasts over the next year, because oil prices are falling very sharply.
I think there are benefits from improved education of the poor in terms of supply, although, clearly, they take time to arrive.
The rate cut implemented by the Bank of Canada is similar to one that the Norges Bank did back in December 2014.
In our view, the reason the SNB decided to take this action is because of the QE announcement expected the following week.
I believe I agree with the statement, since early Bitcoin exchanges were fly-by-night operations that were vulnerable to fraud and hacking.
I do expect a positive impact on the economy, since the experience of the US and UK over the past few years showed that QE works.