GBP/USD poised to resume lower
Mar 11, 2015 18:04 pm UTC| Commentary
BofA Merrill Lynch notes in a report on Wednesday: With the US $ bull trend intact, our attention turns to GBP/USD. It has just broken down from its 3d contracting range; resuming its larger bear trend in the...
Mar 11, 2015 17:49 pm UTC| Commentary
Oil prices dropped by 60% from June 2014 to mid-January. The recent rebound in oil prices has been triggered by expectations that a falling number of rigs hired by the US shale industry and sharp cuts in oil companies...
Mar 11, 2015 17:41 pm UTC| Commentary
UK budget comes on 18 March, less than two months before the 7 May General Election.UK Chancellor will likely stress the progress made in cutting the deficit and find room for a few crowd-pleasers.Societe Generale notes in...
US economic newsflow consistent with Fed rate hike in June
Mar 11, 2015 17:30 pm UTC| Commentary
Ms Yellen has made it clear that the Feds decision to start a new rate hike cycle will be data dependent.To get the timing right, a crucial question is whether US economic momentum remains convincingly strong.Societe...
China’s slowdown threatens to undermine global growth
Mar 11, 2015 17:20 pm UTC| Commentary
Chinas latest economic data is not good. Industrial production increased at its slowest pace since 2008, rising 6.8 percent in the first two months of the year compared with a year ago.Retail sales also slowed, increasing...
Mar 11, 2015 16:33 pm UTC| Commentary
Western Union notes in a report on Wednesday: The dollar flew at new multiyear highs as better jobs data kept a brighter spotlight on the Fed who mulls a policy decision next week. But with the dollar continuing to pour...
Mar 11, 2015 16:32 pm UTC| Commentary
Western Union notes in a report on Wednesday: Greenback strength and expectations for a soggy local jobs report Friday weighed on the loonie which hit five-week lows around C$1.27, putting it at risk of returning to...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Why Germany ditched nuclear before coal – and why it won’t go back
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight