Mar 10, 2015 16:42 pm UTC| Commentary
BofA Merrill Lynch notes in a report on Tuesday: We recommend raising USD/CAD trailing stop to 1.2450 and maintain our bullish target of...
U.S. small business confidence shows little improvement in Feb
Mar 10, 2015 15:10 pm UTC| Commentary
NFIBs small business optimism index remained little changed in Feb, edging up 0.1 points and landing at 98.0. Todays reading fell short of expectations, with the median consensus forecast calling for a more pronounced rise...
Mar 10, 2015 14:57 pm UTC| Commentary
The share of workers that have voluntarily quit their jobs has increased to levels just shy of the level seen in the 2004-2006 boom years.The share of workers that voluntarily quit their jobs rose to 2% in January,...
Monetary policies pushing EUR/USD to the limit
Mar 10, 2015 14:30 pm UTC| Commentary
The demand for dollars is again driving xCcy basis swap spreads to wide levels, and to all-time low values for long swaps.This is driven by two distinct flows that both are a product of divergent monetary policies. Though...
Risk of India's current account deficit ballooning again is low
Mar 10, 2015 14:16 pm UTC| Commentary
Indias current account deficit narrowed to $8.2bn last quarter, from $10.1bn in Q3. This means that the shortfall decreased to 1.6% of GDP in Q4, from 2.1% of GDP in Q3.Breakdown reveals that the smaller deficit was caused...
BOK likely to cut rates by 25bps to 1.75%
Mar 10, 2015 11:23 am UTC| Commentary
CPI inflation continues to surprise to the downside of consensus and the BoKs target range, and BoK is under increasing pressure to cut rates.Finance Minister Choi was quoted as saying, "We are deeply worried that the...
CEE markets vulnerable in short term unless US rates stabilise
Mar 10, 2015 11:15 am UTC| Commentary
CEE markets are vulnerable in the short term unless US rates stabilise.With the exception of Russia and Turkey there has been a long period of yield compression in CEE where yields have tightened to historic lows but there...