US Fed likely to drop “patient” reference
Mar 17, 2015 18:20 pm UTC| Commentary
With the labour market still evidently on fire in Feb, the FOMC statement (18.00 GMT) likely to omit the language that the Fed can be "patient" in beginning to normalise monetary policy.Capital Economics notes in a report...
Slide in the Canadian dollar impacting Canadian inflation in 2015
Mar 17, 2015 18:05 pm UTC| Commentary
Of the many factors impacting the outlook for Canadian inflation in 2015, the slide in the Canadian dollar over the last two years has been notable, depreciating by 30% since late 2012.The lower value of the Canadian...

Mar 17, 2015 17:43 pm UTC| Commentary
RBS notes in a report on Tuesday: We remain long USD/JPY after the resumption of the up-trend towards 124.00 and above targets and note that our first resistance level of 122.00 has already been tested, from where there...

Mar 17, 2015 17:37 pm UTC| Commentary
RBS notes in a report on Tuesday: The pair has broke below my main target of 0.7152, implying further downside to 0.7004 and 0.6885 after a bullish correction towards the former channel and 0.7390 resistance level, as...

Mar 17, 2015 17:33 pm UTC| Commentary
RBS notes in a report on Tuesday: The price has broken through a key support level of 1.4970, being the 76.4% retracement from 2001 - 2004 impulse wave. We were expecting the pair to form a local base there, but were...

Mar 17, 2015 17:28 pm UTC| Commentary
RBS notes in a report on Tuesday: The pair reached my key target of 1.063 (being the 138.6% projection from the 2009-2010 impulse wave), which was confidently broken, implying further downside after a minor bullish...
Weak US housing starts was all about weather and a rebound likely soon
Mar 17, 2015 17:03 pm UTC| Commentary
US housing starts plummeted to 17.0% in Feb to 897k units annualized. Building permits rose a stronger-than-expected 3.0% to 1,092k in Feb, the second highest level so far this economic expansion.Snowstorms in the...