Mar 13, 2015 17:28 pm UTC| Commentary
Dovish talk from UK central bank governor seemingly pushed further the timing of a U.K. rate hike. The news hit sterling and knocked it below $1.49 to its lowest level since June 2010. UK inflation remains too low and it...
BoJ likely to stay on hold at its 16-17 March policy meet
Mar 13, 2015 17:09 pm UTC| Commentary
Since the last BoJ meeting, economic data in Japan have improved; the Nikkei Average has rebounded, topping 19,000 at one point; and exchange rates have been relatively stable (yen appreciation versus the euro,...
Market movers ahead: Danske Bank
Mar 13, 2015 17:01 pm UTC| Commentary
The main event is the FOMC meeting. We expect the key sentence that the FOMC can be patient in beginning to normalize the stance of monetary policy to be omitted from the statement. This will mark the final transfer from...
Today’s weak Mexico IP print unlikely to generate a dovish tone from Banxico
Mar 13, 2015 16:53 pm UTC| Commentary
Mexico industrial production declined 0.4% m/m sa in January mainly driven by a contraction in construction (-1.5%) and mining (-0.5%) under a rather flat performance in manufacturing.In annual terms, IP increased 0.3%,...
Canadian resale housing market improves modestly in Feb
Mar 13, 2015 16:22 pm UTC| Commentary
Following three disappointing months, the Canadian housing market showed signs of improvement in February. Existing home sales inched up 1.0% in February, up 2.7% from last year. But the level remained 5% below the 10-year...
Mar 13, 2015 15:34 pm UTC| Commentary
EUR/USD: The precipitous fall from the 2014 high at 1.3993 to recent low at 1.0495 fuelled market expectations that EUR/USD could weaken to the parity or even lower. While we are not trying to catch a falling knife as...
US consumer confidence still at strong level
Mar 13, 2015 15:23 pm UTC| Commentary
University of Michigans consumer confidence index fell to a four-month low of 91.4 in March, from 95.4. The index still remains well above its long-term average of 85.1.The decline in the headline index was driven by falls...
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