Firm US dollar generates headwind
Mar 09, 2015 10:41 am UTC| Commentary
Oil prices were unable to resist the strong appreciation of the US dollar in the wake of the US labour market data on Friday.What is remarkable is that the renewed sharper decline in drilling activity in the US is not...
Gold price in euros to continue climbing
Mar 09, 2015 10:39 am UTC| Commentary
The gold price shed nearly 3% for a time last Friday to reach $1,164 per troy ounce, thus hitting a three-month low.This was due to the significantly appreciating US dollar which drove the euro to 1.08 EUR-USD, its lowest...
Mar 09, 2015 10:35 am UTC| Commentary
The start of QE should keep the mood upbeat in the FI space, with ongoing spread tightening in the periphery and bull flattening on the German curve.Unicredit notes in a report on Monday: ECB president Mario Draghis...
USD, JPY Outlook: RBC Capital Markets
Mar 09, 2015 09:20 am UTC| Commentary
Qutoes from RBC Capital Market USD:Retail sales are the only data highlight. They may be impacted by bad weather in Feb, but that will unwind in March, ultimately supporting our economists call for consumption to grow...
EUR, GBP Outlook: RBC Capital Markets
Mar 09, 2015 09:17 am UTC| Commentary
Qutoes from RBC Capital Markets EUR:We think Euro area IP could surprise to the upside for January (RBC: 0.4%m/m, cons 0.2%), but as long as the ECB is committed to easing until inflationary pressures pick up, it will...
NZD, AUD Outlook: RBC Capital Markets
Mar 09, 2015 09:14 am UTC| Commentary
Qutoes from RBC Capital Markets NZD: Another inflation undershoot and a slightly weaker global backdrop set the scene for some modestdownward tinkering to output and inflation forecasts at the first MPS for 2015.PM Key...
CAD Outlook: RBC Capital Markets
Mar 09, 2015 09:12 am UTC| Commentary
Qutoes from RBC Capital MarketsCAD: We are looking for an 18K net gain in employment for Feb (following +35.4K in Jan). We expect the unemployment rate unchanged at 6.6%. Within the breakdown of the headline employment...