ESH5 continues to correct lower: BofA Merrill Lynch
Mar 04, 2015 17:47 pm UTC| Commentary
Quotes from BofA Merrill Lynch:- ESH5 continues to correct lower. The break of 2099.50 clears the way for 2082.50/62.50 before renewed basing potential.- Bigger picture, we remain bullish with a break of the Feb-09 low at...
Daily outlook for USD/JPY: BofA Merrill Lynch
Mar 04, 2015 17:37 pm UTC| Commentary
Quotes from BofA Merrill Lynch:- USD/JPY is on the verge of completing its 3m range trade and resuming its long term bull trend for 120.49.- A break of Triangle resistance (now 120.06) is the 1st sign that the bull trend...
Daily outlook for USD/CAD : BofA Merrill Lynch
Mar 04, 2015 17:35 pm UTC| Commentary
Quotes from BofA Merrill Lynch:- While USD/CAD has proven frustrating of late, the setup remains bullish as it is in the process of completing its 1m range trade.- A break of 1.2610 says the uptrend is resuming, while a...
Daily outlook for EUR/USD: BofA Merrill Lynch
Mar 04, 2015 17:34 pm UTC| Commentary
Quotes from BofA Merrill Lynch:- EUR/USD is poised to test and break the 1.1098 Jan-25 low, below which targets the Sep03 low at 1.0765 and eventually below.- Bounces should be limited to the old Feb range lows at...
Bank of Canada will remain on hold until late next year: TD Economics
Mar 04, 2015 17:27 pm UTC| Commentary
Quotes from TD Economics:- There are two main themes in Canadian inflation at present. First, headline consumer prices are expected to decline outright in the second quarter of this year, due in large part to the drop in...
Poland MPC will now remain in “wait-and-see” mode at least until Q4 this year: Societe Generale
Mar 04, 2015 17:11 pm UTC| Commentary
Quotes from Societe Generale:- The Polish Monetary Policy Council has cut the key interest rate 50bp to 1.50%, outmatching the market consensus and our forecast of a 25bp cut. The decision also puts the deposit rate at...
Fewer arguments to support a continuation of easing cycle in Poland: Societe Generale
Mar 04, 2015 17:07 pm UTC| Commentary
Quotes from Societe Generale:- Poland MPC decided to cut all rates by 50bp, with the key rate lowered to 1.50%. Governor Belka confirmed during a press conference that the rate cuts were backed by a solid majority. The MPC...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
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