May 28, 2015 20:41 pm UTC| Commentary
Westpac Research notes:NZD/USD 1 day: The 0.7175-0.7190 support area gave way easily, and if that area is not regained today then it should cap the NZD longer term. The next major downside target is 0.7120 March...
May 28, 2015 20:40 pm UTC| Commentary
Westpac Research notes:AUD/USD 1 day: The selloff is intensifying, next targeting 0.7575. The weak CAPEX report will reverberate for a while.AUD/USD 1-3 month: Eventual resumption of the strong US dollar trend should weigh...
May 28, 2015 20:39 pm UTC| Commentary
Westpac Research notes:AU swap yields 1 day: The 2yr should open around 2.08% while the 10yr should open around 3.08%. The weak CAPEX report may excite market pricing for additional RBA rate cuts.AU swap yields 1-3 month:...
May 28, 2015 20:38 pm UTC| Commentary
Westpac Research notes:NZ swap yields 1 day: Given the movement in interest rates in key markets overnight, the NZ 2yr should open down 2bp at 3.37% while the 10yr should open unchanged at 3.95%.NZ swap yields 1-3 month:...
Initial estimate of Russia's Q1 15 GDP points to better prospects
May 28, 2015 17:34 pm UTC| Commentary
While Russias monthly indicators released for Q1 15 highlighted pronounced negative dynamics, the initial estimates of quarterly GDP do not seem that bad (Rosstat: -1.9% yoy, SG: -2.7% yoy, CNS: -2.6% yoy).With contraction...
U.S. housing has an encouraging start to Q2
May 28, 2015 16:54 pm UTC| Commentary
U.S. pending home sales jumped 3.4% in April, tripling expectations, and are now 14.0% above a year ago, the most since September 2012.Gains werent limited to just one particular region. All four corners of the country saw...
Canada's current account deficit widens in Q1
May 28, 2015 16:32 pm UTC| Commentary
Canadas current account deficit widened to $17.5 billion in the first quarter of 2015 from $13.1 billion (revised from $13.9 billion) in the final quarter of 2014. The Q1 deterioration in Canadas international trade...
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