What will the Fed do?

Mar 15, 2015 16:38 pm UTC| Commentary

There are numerous possible twists the Federal Open Market Committee (FOMC) could introduce innext Wednesdaysstatement that will dominate the global calendar. It will be accompanied by a press conference and revised...

Bank of Canada to stay on hold through the rest of this year

Mar 13, 2015 18:49 pm UTC| Commentary

The Canadian dollar has been caught in the riptide of a rip-roaring U.S. dollar, probing the six-year lows hit earlier this year of around 78 cents.But, in reality, the loonie is a mere bystander, generally rising on most...

Rising dollar will act as a drag on U.S. GDP growth this year

Mar 13, 2015 18:44 pm UTC| Commentary

The greenback has surged roughly 5% in the past two weeks alone, sending it up by more than 20% in the past year against a basket of major currencies. That marks one of the fastest yearly gains on record.BMO Capital...

UST yields will rise further, but unlikely to surge

Mar 13, 2015 18:33 pm UTC| Commentary

According to the WSJs March survey, the median expectation of respondents was that the federal funds rate will end 2017 at 3.0%, the same as the median expectation in the January survey before the sell-off in the Treasury...

CBR makes a conservative move

Mar 13, 2015 18:21 pm UTC| Commentary

The CBR continued normalisation of the key rate with an 100bp additional cut (to 14.0%) announced at todays meeting.The market seemed to expect a much more aggressive move (in the range of -250bp to 350bp), as reflected by...

EUR/USD outlook

Mar 13, 2015 18:00 pm UTC| Commentary

BofA Merrill Lynch notes in a report on Friday: Its time to lower the trailing stop on EUR/USD once again to 1.0695 (just above yesterdays high at 1.0684). We remain bearish for 1.0283 and potentially below. Finally we...

EUR/GBP outlook

Mar 13, 2015 17:59 pm UTC| Commentary

BofA Merrill Lynch notes in a report on Friday: EUR/GBP has rallied impulsively over the past 3 days meaning that its trend is turning higher and that GBP should begin to underperform the EUR on a consistent basis going...