A rate cut from BoC in April cannot be ruled out
Mar 31, 2015 17:04 pm UTC| Commentary
The 0.1% m/m decline in Canada Januarys GDP was milder than most expected, with oil gas extraction showing a remarkable rebound. (Data released on Tuesday.) With oil gas drilling activity slumping to record lows, this...
Euro inflation increases as the impact from the oil price decline fades
Mar 31, 2015 16:53 pm UTC| Commentary
Euro deflation eased in March as the flash estimate for HICP inflation increased to -0.1% y/y from -0.3% y/y in February.The HICP inflation print was in line with consensus expectations, but core inflation surprised on the...
US 5s30s at pivotal levels: BofA Merrill Lynch
Mar 31, 2015 16:43 pm UTC| Commentary
Yesterday we were stopped out of our 5s30s flattener when the spread broke above our stop at 114.00bps, invalidating our trade setup in the process. Now the spread is probing key long term resistance at 115.3bps/117.9bps...
EUR continues to struggle: BofA Merrill Lynch
Mar 31, 2015 16:33 pm UTC| Commentary
EUR continues to struggle, especially against GBP. Indeed, evidence says that EUR/GBP is topping out and resuming its long term downtrend following the break of multi-week pivot/ support at 0.7304/0.7295 and the turn of...
Outlook for AUD/USD: BofA Merrill Lynch
Mar 31, 2015 16:31 pm UTC| Commentary
AUD/USD has broken sharply below the 50d MA and risks new cycle lows. However, evidence continues to indicate a very late stage decline.Weakness should be limited to 0.7467 channel support, worst case 0.7360/0.7214 (6m...
US real consumption growth will accelerate over the coming months
Mar 31, 2015 16:18 pm UTC| Commentary
The rebound in the Conference Boards measure of consumer confidence to 101.3 in March, from 98.8, should reassure those worried that households havent yet spent their savings stemming from the slump in gasoline prices. The...
Mar 31, 2015 15:45 pm UTC| Commentary
The dollar added to its weekly advance and was set for its best quarter on record versus the euro and its best overall quarter since 2008. The dollar strengthened to 12-year highs in mid-March thanks to an outlook calling...
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