USD FOMC minutes will be closely watched
Apr 06, 2015 00:28 am UTC| Commentary
Fed minutes on Wednesday will provide insight into the significant forecast revisions that were made at the March 17-18 meeting alongside the dropping of "patience" from its policy statement. The downward revision in the...
Canada’s BOS critical in shaping BoC’s opinion
Apr 05, 2015 21:44 pm UTC| Commentary
The Spring 2015 edition of the Business Outlook Survey (BOS) is out today and it is seen as critical in shaping the BoCs opinion on further cuts.In the Winter survey, the fall in oil put downward pressure on the hiring...
USD ended the week under pressure
Apr 05, 2015 21:16 pm UTC| Commentary
USD ended the week under pressure as Fridays payrolls showed disappointingly low jobs growth. Economists highlight a number of caveats - the two hardest hit sectors were leisure hospitality and construction (both of which...
US Q1 growth was likely hit by unseasonably cold weather
Apr 03, 2015 18:40 pm UTC| Commentary
US Personal spending rose 0.1% m/m in nominal terms in February (forecast: 0.3%), as real PCE fell 0.1% m/m.Vehicle sales rebounded strongly in March to 17.1mn (forecast: 16.8mn), suggesting the February weather was to...
Fed June meeting a strong contender for a lift-off
Apr 03, 2015 17:42 pm UTC| Commentary
March employment figures were disappointing across the board. Over the past three months, the US economy created 197k jobs per month on average, well above the breakeven pace of 80-90k. Moreover, jobless claims dropped...
BoK will probably keep the base rate on hold
Apr 03, 2015 17:05 pm UTC| Commentary
BoK cut rates unexpectedly in March, in response to other central banks policy moves and on a slower recovery in consumption and exports.BoK will be data-driven from now. Last months policy meeting saw strongly opposing...
Japan current account balance likely improved in Feb
Apr 03, 2015 16:44 pm UTC| Commentary
Japan will release the Feb current account (C/A) balance on 8 Apr. Japan trade deficit narrowed to JPY 424.6bn in Feb from JPY 1.2tn in Jan, although export growth slowed in Feb. Income inflows likely continued to surge on...
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