Rise in sentiment suggests EZ recovery may have gained pace in Q1
Mar 30, 2015 17:41 pm UTC| Commentary
EZ headline Economic Sentiment Indicator (ESI) rose from 102.3 to 103.9, stronger than expected and corroborated the message from the PMIs that the recovery gained some pace in Q1. On the basis of past form, the ESI is...
Outlook for Gold: BofA Merrill Lynch
Mar 30, 2015 17:29 pm UTC| Commentary
We reiterate our view to buy gold (despite the growing bullish evidence for the US $). The completed, intra-day impulsive advance from 1143 (Mar-17 low) says the Gold trend has turned bullish.This current pullback from...
Greece running out of time to produce a comprehensive list of reforms
Mar 30, 2015 17:19 pm UTC| Commentary
Late last week, Greece submitted the third iteration of the list of proposed reforms demanded by eurozone finance ministers as a pre-condition for the payment of the outstanding tranche of 7.2bn from Greeces second...
Mar 30, 2015 16:52 pm UTC| Commentary
The pound has opened lower against the US dollar but has gained on a trade-weighted basis before UK Prime Minister David Cameron prepares to dissolve parliament today.GBP/USD touched 1.4803 this morning having traded as...
Mar 30, 2015 16:51 pm UTC| Commentary
The Euro is under an increasing amount of pressure this morning and at risk of losing last weeks gains as investors worry about Greeces ability to win new emergency aid. Greek lawmakers will debate measures today which...
Mar 30, 2015 16:50 pm UTC| Commentary
Fridays US GDP revisions missed expectations, raising concerns of a sharper pull-back in US economic growth this year ahead of Payrolls Friday on April 3rd. Fed Chair Janet Yellen was also speaking on Friday evening and...
BMO Capital Markets lowers US Q1 GDP forecast
Mar 30, 2015 15:56 pm UTC| Commentary
U.S. pending home sales jumped 3.1% in February (or +12.0% y/y), leaving expectations of a mild 0.4% increase behind in the dust.Despite bad weather, there was an 11.6% surge in contracts signed in the Midwest, a sizeable...
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