Daily outlook for AUD/NZD: Westpac
Mar 16, 2015 19:01 pm UTC| Commentary
AUD/NZD 1 day: Heading towards the 1.0282 low. AUD/NZD 1-3 month: Theres much chatter about reaching parity. Thats possible, but our core view is the cross will oscillate widely around 1.05 for much of this year, and then...
Daily outlook for NZD/USD: Westpac
Mar 16, 2015 19:00 pm UTC| Commentary
NZD/USD 1 day: Stuck between 0.7300 and 0.7450, awaiting US dollar direction. Tonights dairy auction will be watched. NZD/USD 1-3 month: Multi-month, we see further downside potential, the next major target being 0.7120....
Daily outlook for AUD/USD: Westpac
Mar 16, 2015 18:59 pm UTC| Commentary
AUD/USD 1 day: The downtrend has stalled leaving it stuck between 0.7600 and 0.7700 today, although the RBA minutes could assist a break. AUD/USD 1-3 month: Falling AU interest rates and commodity prices, and a strong US...
Worries about downside for commodity prices on China slowdown a little overdone
Mar 16, 2015 18:54 pm UTC| Commentary
Chinas slowdown has of course been a powerful headwind in commodity markets for many years, notably for industrial metals.The growth rate of Chinas economy has already halved since 2007, from over 14% to around 7%. Whats...
Bank Indonesia likely to cut rates again at today's meet
Mar 16, 2015 18:25 pm UTC| Commentary
Indonesia inflation is likely to remain high for the remainder of the year. But since the spike is entirely due to governments recent decision to scrap fuel subsidies, BI is unlikely to be too concerned.Meanwhile, the fact...
Germany’s ZEW investor sentiment index likely to have improved again in March
Mar 16, 2015 18:18 pm UTC| Commentary
Investors optimism may have been dampened by the latest data revealing that German industrial production was unchanged in January and that exports fell.But the continued rise in the DAX equity price index and the Sentix...
Mar 16, 2015 17:58 pm UTC| Commentary
Danske Bank notes in a report on Monday: We expect Danmarks Nationalbank to leave interest rates unchanged over 12M. We expect some of the recent underperformance in Danish fixed income markets to reverse and the...
Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects