US to see better consumer spending growth ahead
Mar 12, 2015 14:20 pm UTC| Commentary
For the first time in three months, gasoline stations could not be blamed for the decline as the average cost of retail gas bounced 4.7% M/M in Feb. Excluding gasoline and autos, core sales also fell by -0.2% M/M.Aside...
S.Korea c.bank cuts rates to record low in surprise move
Mar 12, 2015 01:10 am UTC| Commentary
The Bank of Koreas monetary policy committee cut its base rate by 25 basis points to a record low of 1.75 percent, a media official said without elaborating. Governor Lee Ju-yeol is due to hold a news conference from 11:20...
US oil boost still not in the spending data
Mar 11, 2015 23:32 pm UTC| Commentary
According to Standard Chartered research notes,February retail sales were on the soft side, below consensus expectations. We forecast headline sales were flat m/m (consensus: 0.3%), and core sales (exauto and gas) up...
Mar 11, 2015 23:19 pm UTC| Commentary
Since 6 February, monetary policy data from the Swiss National Bank (SNB) has suggested the Bank has not been intervening in the currency. This was corroborated by the official SNB Reserves last week. The headline...
Daily outlook for AUD/NZD: Westpac
Mar 11, 2015 19:38 pm UTC| Commentary
AUD/NZD 1 day: Retains positive momentum and targets 1.0575 during the days ahead. AUD/NZD 1-3 month: Theres much chatter about reaching parity. Thats possible, but our core view is the cross will oscillate widely around...
Daily outlook for NZD/USD: Westpac
Mar 11, 2015 19:38 pm UTC| Commentary
NZD/USD 1 day: Broad US dollar strength persists, as does our negative bias for NZD/USD. We target 0.7175 during the days ahead. The RBNZ is a key event today, with headlines likely until this afternoons Parliament...
Daily outlook for AUD/USD: Westpac
Mar 11, 2015 19:37 pm UTC| Commentary
AUD/USD 1 day: Broad US dollar strength persists, as does our negative bias for AUD/USD. We target 0.7500 during the days ahead. The employment report poses two-way risks. AUD/USD 1-3 month: Falling AU interest rates and...
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