Apr 24, 2015 16:28 pm UTC| Commentary
The past two weeks for sterling are on pace to be the currencys best against the dollar since it rebounded in the wake of the U.K.s last election some five years earlier.The pound powered above $1.51 to fresh five-week...
Apr 24, 2015 16:28 pm UTC| Commentary
The euro popped earlier to two-week highs near $1.09 thanks to the best reading of German business optimism in 10 months in April. But the rosier Ifo survey was overshadowed by a big meeting today in Europe over the Greek...
Greece adds volatility to peripheral bond spreads
Apr 24, 2015 16:18 pm UTC| Commentary
The uncertainty over Greece has recently added new volatility to peripheral bond spreads. 10-year yield spreads to Germany widened around 40bp over the past weeks before coming down again in the past days as fears over a...
EUR/USD volatility remains at a heightened level
Apr 24, 2015 15:54 pm UTC| Commentary
Over the past month EUR/USD has traded a huge EUR/ to 1.1052 range. While volatility has remained at a heightened level, this period has also seen the EUR/USD downtrend, that has dominated the currency pair since July...
Higher US core inflation adding to Fed's confidence
Apr 24, 2015 14:58 pm UTC| Commentary
The recent data on US core inflation surprised to the upside as short term momentum (3-month change) has moved quite a bit higher. This is quite important because one of the conditions that the Fed has outlined for...
Apr 24, 2015 14:49 pm UTC| Commentary
Danske Bank Markets: We expect the Swedish Riksbank to cut the repo rate by an additional 10bp on Wednesday and expand the QE programme by SEK30bn to a total of SEK70bn.The FOMC statement is likely to acknowledge that...
Strong dollar, weaker global demand holding back stronger U.S. capex
Apr 24, 2015 14:48 pm UTC| Commentary
Headline U.S. durable goods orders blew away expectations in March, jumping 4.0% in the month, the largest gain since last July. All of the gain, however, was from aircraft.........non-defense aircraft and parts were up...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects