
BoK will likely lower its growth forecast
Apr 07, 2015 21:20 pm UTC| Commentary
The Bank of Korea (BoK) will hold its Monetary Policy Committee (MPC) meeting on 9 April. The base rate is expected unchanged at 1.75%.The central bank delivered a base rate cut on 12 March against the consensus view of no...
Apr 07, 2015 18:24 pm UTC| Commentary
BofA Merrill Lynch:The Mar-26 Shooting Star formation (Candlestick Topping Pattern) into the confluence of resistance between 6230 and 6321 says that the red metal is topping out and the long-term bear trend is...
Apr 07, 2015 18:20 pm UTC| Commentary
BofA Merrill Lynch:US 10yr and 30yr Treasury yields are correcting higher as ESM5 is returning to trend. Across the curve, we are bullish US Treasuries, targeting the January yield lows (39.6bps in 2s, 1.150% in 5s, 1.636%...
$ Index remains in corrective mode
Apr 07, 2015 18:13 pm UTC| Commentary
BofA Merrill Lynch:The US $ Index correction does not yet look complete. Indeed, evidence says that we should see a decline to the 95.00/94.50 zone before the larger bull trend resumes for the 106.00 area.US $ Index bulls...
USD/JPY & USD/TRY about to resume their long-term bull trends
Apr 07, 2015 18:05 pm UTC| Commentary
BofA Merrill Lynch:For USD/JPY, the 4m range trade looks to be in its final throes. While allowing for one last pullback toward 118.78 (4m Triangle support), pullbacks should be bought. Upside targets are seen to...
Apr 07, 2015 17:46 pm UTC| Commentary
Bank of Japan to maintain the current monetary policy framework, such as size of asset purchases and tenor of target bonds, at the upcoming Monetary Policy Board meeting on 7-8 April.The core CPI growth in February was...
US recovery still firmly on track
Apr 07, 2015 17:40 pm UTC| Commentary
Rumours of the demise of the US economy have been greatly exaggerated. Now that credit is flowing more freely and the fiscal drag has faded, the recovery will strengthen.Nevertheless, given how skittish Fed officials are,...