Actually, we believe the Riksbank will cut rates by another 10 basis points in their late December 2015 meeting, and perhaps also to act on further stimuli.
We would expect the Euro to be stocky in particularly, and to slowly, but gradually go higher in the third quarter of this year.
Certainly, the mentioned measures are not going to be enough to set the Japanese economy on the growth path.
I do think the mentioned forecasts are reasonable, however, I would be a little more cautious on the overseas outlook.
We would presume, if the Central banks cut once, they generally cut twice at a minimum.
I think prices for the precious metal will remain low for the near-term, and the rate hike by the Federal Reserve is definitely going to be an influencing driver.
Mining investment in Australia is currently shaving off over 1% from the GDP; this explains why the growth figures are so low.
I believe that the US economy is growing, since the slowdown of the first quarter has proved to be temporary and is already behind us.
I do not have any strong thoughts on the second quarter GDP estimate; at the same time I think the UK is in a relatively favorable position.
The ECB's communication has been crystal clear.
Even if growth rates in US oil were to pick up again, this would not provide enough additional supply to balance the market for the rest of the decade.
The largest areas currently suitable for Arabica production are the Brazilian state of Minas Gerais and regions in Central America.
I have to say that the Japanese economy performed horrible in the last quarter.
I think the issue is that as much as oil prices have stabilized, they are still obviously well below the level we saw this time last year.
We know that the budget estimates can be quite fallible.
First and foremost, I think the market is expecting a much stronger overprice as we are going forward.
There was a confluence of factors affecting Q1 GDP in addition to weather, such as disruptions from the West Coast ports dispute and impacts from lower energy prices and the stronger USD.
At the current moment, we are definitely seeing some negative impact from the very strong appreciation of the Swiss Franc and as mentioned previously, the weaker Manufacturing Price index numbers alongside the KOF leading indicator have been weakening.
It is clearly one of the most important issues that the growth number in the Q1 was surprisingly weak, but against that we have had very strong employment growth, while inflation remains low.
I strongly disagree with this assessment, since the European integration and in particular the common currency has done a lot to support economic growth on the continent during the last decades.
I totally agree with the majority opinion that Greece should remain within the Euro zone, which was expressed by couple of political leaders and also by the ECB and IMF, due to the fact there seem to be not only economic, but also political risks in the case of a Grexit scenario.
In the near term the silver performance will be influenced by the precious metals seasonal cycle.
First, it is important to understand that, while silver is a precious metal, it also holds a significant attribute which other precious metals lack.
I believe the door to further monetary activism is certainly not closed, but the trigger at present is less obvious.