Weekly outlook for NZD/AUD: Westpac

Feb 23, 2015 06:24 am UTC| Commentary

Quotes from Westpac Institutional Bank: -NZD/AUD is peaked last week at 0.9707 - a possible cycle high. However its too early to declare such, given the Australian data calendar this week. Starting from Wed, we will see...

Weekly outlook for NZD/USD: Westpac

Feb 23, 2015 06:23 am UTC| Commentary

Quotes from Westpac Institutional Bank: -The rally since 3 Feb slowed last week but probably has further to run. We target the 0.7600-0.7720 area. The US dollar has stalled, allowing NZ factors to dominate. These have...

CAD review

Feb 23, 2015 06:18 am UTC| Commentary

Quotes from RBC Capital Markets: -CAD: Our economists are close to consensus on inflation this week (headline cons 0.8%y/y, RBC 0.9%, core cons 2.1%y/y, RBC: 2.2%). CPI will incorporate new weights based on 2013 spending...

GBP review

Feb 23, 2015 06:17 am UTC| Commentary

Quotes from RBC Capital Markets: -GBP: We expect the second reading of Q4/14 GDP growth to show an unrevised estimate of 0.5% q/q as recent marginal upside news on the industrial sectors performance in Q4 is broadly...

AUD review

Feb 23, 2015 06:16 am UTC| Commentary

Quotes from RBC Capital Markets: -AUD: Q4 CAPEX is out on Thursday. The quarterly read on actual work done is likely to show a decline for Q4 (RBC: -3%) given the mature stage of many large resource projects. As ever, the...

EUR review

Feb 23, 2015 06:15 am UTC| Commentary

Quotes from RBC Capital Markets: -EUR: IFO is out today. We look for further improvement in the headline business climate index to a seven-month high (RBC and cons 107.7, prev 106.7). Money supply data is out on...

USD review

Feb 23, 2015 06:10 am UTC| Commentary

Quotes from RBC Capital Markets: -USD: Yellen gives her semi-annual testimony to Congress on Tue/Wed. We think Yellen is unlikely to echo the dovishness from the minutes for two reasons: (1) since the meeting, we received...