EUR/USD downtrend is set to resume
May 29, 2015 17:54 pm UTC| Commentary
BofA Merrill Lynch:Its time to sell EUR/USD. The corrective bounce from the 1.0815, May-27 low is drawing to a conclusion.The confluence of resistance between 1.1012/1.1062 should limit the topside (indeed, EUR/USD...
May 29, 2015 17:50 pm UTC| Commentary
BofA Merrill Lynch:We reiterate our negative view on copper. Indeed, the red metal is threatening to resume its long-term bear trend after stalling into the confluence of resistance between 6321/6635.Four month trendline...
U.S. economy shrinks in Q1, but not as much as expected
May 29, 2015 17:45 pm UTC| Commentary
U.S. real GDP declined by an annualized 0.7% in the first quarter of 2015. Still, the second reading was better than market expectations which called for a decline of 0.9%.While certainly disappointing, the contractionary...
BoE is unlikely to be a rush to tighten policy
May 29, 2015 17:19 pm UTC| Commentary
The UK CPI inflation rate has dipped below zero (-0.1% y/y). While technically this means deflation has arrived, the Bank of England has announced it will be looking through the "impact of past falls in commodity prices"...
Euro area data confirms picture of temporary softness
May 29, 2015 17:14 pm UTC| Commentary
Euro area data this week was broadly in line with our scenario of a temporary moderation in growth, said Danske Bank.Consumer data confirmed a moderation in household spending in Germany and France. German retail sales did...
Canada's Q1 GDP release surprised sharply on the downside
May 29, 2015 16:47 pm UTC| Commentary
Reflecting the negative impact of lower oil prices, Canadas economy contracted 0.6% (annualized rates) in the first quarter, the worst showing since Q2 2009. This is a marked deceleration from the 2.2% pace in Q4 (revised...
India Q1 15 GDP growth improves, partly reflecting new methodology
May 29, 2015 16:38 pm UTC| Commentary
Indias Q4 FY 14-15 GDP (January-March) grew 7.5% y/y (Barclays: 7.4%; consensus: 7.0%), as per the new FY 11-12 base. This was up from a downwardly revised 6.6% y/y growth in Q3 FY 14-15, and brings annual growth of 7.3%...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight