Mar 17, 2015 17:28 pm UTC| Commentary
RBS notes in a report on Tuesday: The pair reached my key target of 1.063 (being the 138.6% projection from the 2009-2010 impulse wave), which was confidently broken, implying further downside after a minor bullish...
Weak US housing starts was all about weather and a rebound likely soon
Mar 17, 2015 17:03 pm UTC| Commentary
US housing starts plummeted to 17.0% in Feb to 897k units annualized. Building permits rose a stronger-than-expected 3.0% to 1,092k in Feb, the second highest level so far this economic expansion.Snowstorms in the...
Mar 17, 2015 16:44 pm UTC| Commentary
BofA Merrill Lynch notes in a report on Tuesday We have been and remain gold bulls While a rally may be less robust than previously thought (limited to 1307/1345); the evidence is once again turning...
Mar 17, 2015 16:39 pm UTC| Commentary
BofA Merrill Lynch notes in a report on Tuesday EUR/USD has broken above key near term resistance in the form of the 20 period MA on 240min charts (1.0568). This moving average defined the downtrend since late Feb and...
New lows for US oil price unlikely to be sustained
Mar 17, 2015 15:51 pm UTC| Commentary
The renewed decline in the price of the traditional US benchmark crude, West Texas Intermediate (WTI), to a six-year low of $43 per barrel, overstates the weakness in global oil prices.The prices of international...
Canadian manufacturing sales start the year on a soft note
Mar 17, 2015 15:31 pm UTC| Commentary
Canadian manufacturing sales fell by 1.7%, entirely wiping out Decs gain. Sales have now declined in three of the last four months. In real terms, manufacturing shipments were down by 1.0%.The Jan drop in manufacturing...
A more robust US housing market activity likely ahead
Mar 17, 2015 15:04 pm UTC| Commentary
U.S. housing starts came in at 897 thousand annualized units in February, falling well short of market expectations for 1.040 million units. This represents a 17.0% M/M decline relative to the upwardly-revised 1.081...
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