Market movers ahead: Danske Bank

Mar 13, 2015 17:01 pm UTC| Commentary

The main event is the FOMC meeting. We expect the key sentence that the FOMC can be patient in beginning to normalize the stance of monetary policy to be omitted from the statement. This will mark the final transfer from...

Today’s weak Mexico IP print unlikely to generate a dovish tone from Banxico

Mar 13, 2015 16:53 pm UTC| Commentary

Mexico industrial production declined 0.4% m/m sa in January mainly driven by a contraction in construction (-1.5%) and mining (-0.5%) under a rather flat performance in manufacturing.In annual terms, IP increased 0.3%,...

Canadian resale housing market improves modestly in Feb

Mar 13, 2015 16:22 pm UTC| Commentary

Following three disappointing months, the Canadian housing market showed signs of improvement in February. Existing home sales inched up 1.0% in February, up 2.7% from last year. But the level remained 5% below the 10-year...

EUR/USD outlook: Rabobank

Mar 13, 2015 15:34 pm UTC| Commentary

EUR/USD: The precipitous fall from the 2014 high at 1.3993 to recent low at 1.0495 fuelled market expectations that EUR/USD could weaken to the parity or even lower. While we are not trying to catch a falling knife as...

US consumer confidence still at strong level

Mar 13, 2015 15:23 pm UTC| Commentary

University of Michigans consumer confidence index fell to a four-month low of 91.4 in March, from 95.4. The index still remains well above its long-term average of 85.1.The decline in the headline index was driven by falls...

More headwinds for Singapore retail sales ahead

Mar 13, 2015 09:54 am UTC| Commentary

Singapores January retail sales came in weaker than expectations at -5.0% y/y (consensus: -0.1%), while less volatile ex-auto sales were weaker still at -8.7% y/y (consensus: -2.3%).While the weakness in y/y growth was...

U.S. sees slow growth in Q1 but outlook still solid

Mar 13, 2015 09:50 am UTC| Commentary

The latest stream of soft data from the US prompted economists at Danske Bank to revise down GDP growth forecast for Q1 to 1.7% q/q AR from 2.7% previously.For the year as a whole, they now expect GDP growth of 2.8%, down...