Mar 16, 2015 17:32 pm UTC| Commentary
The two most recent Employment Reports have revealed a much more upbeat picture of the labor market, which has boosted market expectations of a June rate hike by the Fed.This had led to a considerable rebound in US...
Daily outlook for USD/JPY: BofA Merrill Lynch
Mar 16, 2015 17:17 pm UTC| Commentary
We remain bullish and long USD/JPY. Pullbacks should be limited to old Triangle resistance, now support at 120.28/119.84 It would take a break of the Mar-03, 119.38 low to negate the breakout and force us out of our long...
US 5yr yields are turning bullish
Mar 16, 2015 17:13 pm UTC| Commentary
At the margin, evidence is beginning to turn a bit more bullish for the US Treasury market.US 5yr yields are turning bullish and poised to complete a 2wk HS top. This could be the bullish catalyst for the long end.BofA...
WTI makes new lows since Mar 2009
Mar 16, 2015 17:05 pm UTC| Commentary
CLJ5 has broken down overnight, breaking the Jan-29 lows at 44.37 (CLK5 needs to break 45.52, its not there yet).BofA Merrill Lynch notes in a report on Monday: This points to a continuation of the long term bear trend,...
Fall in OPEC production only temporary
Mar 16, 2015 16:54 pm UTC| Commentary
The OPEC Monthly Oil Market Report (MOMR), released earlier today, stated that, according to both primary and secondary sources, OPEC production fell slightly in Feb compared to the previous month.The vast majority of the...
Sceptical the French Government will meet EC’s stringent deadlines
Mar 16, 2015 16:08 pm UTC| Commentary
European finance ministers last week gave France until 2017 to bring its fiscal deficit below 3% of GDP, from an estimated 4.3% in 2014, the third extension since 2009 as it has consistently missed its targets.France is...
Canada likely to increase its footprint in the automotive sector
Mar 16, 2015 16:00 pm UTC| Commentary
The rate of technological advancement in automobiles in Canada has risen dramatically in recent years, with electronics becoming a more integral part of each new generation of vehicles. This is a trend that is set to...