BoJ is likely to ease further in April
Apr 06, 2015 21:36 pm UTC| Commentary
The Bank of Japan (BoJ) will hold two monetary policy meetings in April - 7-8 April and 30 April. No policy action is expected during 7-8 April, but the central bank will ease further at the 30 April meeting, when the...
US payrolls should pick up again to an above -200,000 pace over the next few months
Apr 06, 2015 18:12 pm UTC| Commentary
US nonfarm payrolls increased 126,000 in March, so a clear give back from the previous months strength. Private payrolls increased 129,000 and government employment declined 3,000. The net revision to January and February...
Stay the bullish course on ESM5
Apr 06, 2015 18:01 pm UTC| Commentary
BofA Merrill Lynch notes as follows:We remain bullish on USM5. While the price action of late last week failed to follow through as expected; we were expecting higher prices based on bullish seasonality around the 1st...
US $ correction continues against the EUR & GBP
Apr 06, 2015 17:57 pm UTC| Commentary
BofA Merrill Lynch notes as follows:With the US Treasury curve entering into bull steepening mode, the US $ is set to continue its near term correct lower.EUR/USD gains are likely to extend to 1.1267/1.1389 before renewed...
US 2yr yields and 5s30s break key resistance
Apr 06, 2015 17:48 pm UTC| Commentary
BofA Merrill Lynch notes as follows:Across the curve, we are bullish US Treasuries, targeting the January yield lows (1.150% in 5s, 1.636% in 10s, 2.218% in 30s). The one hold out had been the 2yr point, but the Friday...
U.S. economic momentum remains pretty decent
Apr 06, 2015 17:45 pm UTC| Commentary
The U.S. nonmanufacturing ISM continued to expand in March, and although the pace slowed a bit (-0.4 pts to 3-month low of 56.5), it was in-line with consensus and in-line with the average over the past twelve months.And,...
BoC's latest quarterly Business Outlook Survey was broadly weaker again
Apr 06, 2015 16:47 pm UTC| Commentary
Bank of Canadas latest quarterly Business Outlook Survey, conducted February 17 to March 12, was broadly weaker again --- the oil price slide impact is a little bit louder and a little bit worse. The survey also highlights...
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