AUD review: Western Union

Mar 25, 2015 16:49 pm UTC| Commentary

A marked reduction in expectations for a Fed rate hike any time soon helped the Aussie dollar weather poor data from China this week and flirt with two-month highs. The Aussie, though, may have a difficult time sustaining...

GBP review: Western Union

Mar 25, 2015 16:49 pm UTC| Commentary

Sterling strengthened closer to $1.50 against the greenback but remained on an otherwise fragile footing following the previous days poor inflation report. For more than a year, U.K. inflation has been on the decline,...

EUR review: Western Union

Mar 25, 2015 16:47 pm UTC| Commentary

More evidence of a brightening outlook in Europe helped the euro make a fresh run at $1.10 against the greenback, a level it has touched twice in the past week, and its highest terrain since early March. Germanys leading...

Slump in US durable orders points to investment weakness

Mar 25, 2015 14:41 pm UTC| Commentary

US durable goods orders declined 1.4% m/m, core orders fell by 0.4% m/m, with machinery orders down by 1.8% m/m. Core orders have fallen in every month since last October.Equipment investment probably contracted in the...

Outlook for UK rates

Mar 25, 2015 13:55 pm UTC| Commentary

First BoE rate increase in Q1-2016, timing subject to inflation not undershooting BoE targetSociete Generale notes as follows .... CPI inflation could possibly to turn negative in H1-2015 May 7th general election:...

Outlook for US rates

Mar 25, 2015 13:50 pm UTC| Commentary

Fed to raise interest rates 25bp in June and another 25bp in Q4-2015Reinvestment of maturing debt proceeds to end in early 2016, balance sheet reduction to startSociete Generale notes as follows .... Output gap closing,...

Outlook for EU rates

Mar 25, 2015 13:46 pm UTC| Commentary

ECB plans to buy 60bn of private and public sector debt per month (PSPP) until Sep-2016 Purchases of government debt set at yield limit of -0.20% (deposit rate) Societe Generale notes as follows .... 10y Bund...