Mar 17, 2015 16:44 pm UTC| Commentary
BofA Merrill Lynch notes in a report on Tuesday We have been and remain gold bulls While a rally may be less robust than previously thought (limited to 1307/1345); the evidence is once again turning...
Mar 17, 2015 16:39 pm UTC| Commentary
BofA Merrill Lynch notes in a report on Tuesday EUR/USD has broken above key near term resistance in the form of the 20 period MA on 240min charts (1.0568). This moving average defined the downtrend since late Feb and...

New lows for US oil price unlikely to be sustained
Mar 17, 2015 15:51 pm UTC| Commentary
The renewed decline in the price of the traditional US benchmark crude, West Texas Intermediate (WTI), to a six-year low of $43 per barrel, overstates the weakness in global oil prices.The prices of international...
Canadian manufacturing sales start the year on a soft note
Mar 17, 2015 15:31 pm UTC| Commentary
Canadian manufacturing sales fell by 1.7%, entirely wiping out Decs gain. Sales have now declined in three of the last four months. In real terms, manufacturing shipments were down by 1.0%.The Jan drop in manufacturing...
A more robust US housing market activity likely ahead
Mar 17, 2015 15:04 pm UTC| Commentary
U.S. housing starts came in at 897 thousand annualized units in February, falling well short of market expectations for 1.040 million units. This represents a 17.0% M/M decline relative to the upwardly-revised 1.081...
Mar 17, 2015 14:53 pm UTC| Commentary
The dollar largely weathered a mixed bag of U.S. housing figures with the market reluctant to place major bets before hearing from the Fed on Wed. The Feds 2 p.m. ET decision Wed, along with a presser by the chair, holds...
Mar 17, 2015 14:51 pm UTC| Commentary
CAD buyers may want to reduce more of the coming exposure with the loonie holding near six-year lows. The loonie had steadied recently thanks to the U.S. dollar side of the equation and its pullback from multiyear peaks on...