Mixed messages for EUR/USD and EUR/GBP: BofA Merrill Lynch
Mar 27, 2015 17:43 pm UTC| Commentary
In both instances, the trends for EUR/USD and EUR/GBP remain lower. However, in the very near term, the messages are diverging.EUR/USD risks a squeeze higher to 1.1211, potentially 1.1389, while EUR/GBP looks to be topping...
Mar 27, 2015 16:00 pm UTC| Commentary
The sharp price moves in EUR/USD in recent weeks are extraordinary for such a liquid currency pair. We argue that despite the sharp correction higher, the downtrend in EUR/USD remains intact. That said, our house view...
Week Ahead 28 March-10 April 2015: Nordea Research
Mar 27, 2015 15:53 pm UTC| Commentary
US data will be very much in focus next week: 28 March-10 April 2015We expect the ISM manufacturing index to fall, reflecting that the factory sector has lost momentum in early 2015.Our forecast for nonfarm payrolls (on...
Confidence rising among euro-zone consumers
Mar 27, 2015 15:45 pm UTC| Commentary
Buoyed by falling unemployment, rising equity prices and a boost to their spending power from a lower oil price, euro-zone consumers have become increasingly confident, with the ECs measure of consumer sentiment rising in...
US labour market to see healthy gains despite weaker GDP growth
Mar 27, 2015 15:38 pm UTC| Commentary
US Labour Market is likely to see healthy job gains despite weaker GDP growth. Wage inflation is still subdued and is expected to see a pick-up soon, as the labour market improvement advances.At the March FOMC meeting, Fed...
Mar 27, 2015 15:22 pm UTC| Commentary
Western Union quotes as follows:The dollar pared gains after U.S. growth went unrevised at an annual rate of 2.2% for the final quarter of last year. Forecasts called for growth to get upgraded to a 2.4% annual pace for...
Mar 27, 2015 15:22 pm UTC| Commentary
Western Union quotes as follows:Canadas buck held below C$1.25 against the greenback though also below Thursdays three-week high. Oil surrendered some of its robust gains on the week that have come from renewed instability...