2015 is turning out to be a tough year for EM FX investors: Barclays
Feb 20, 2015 08:39 am UTC| Commentary
Quotes from Barclays Capital: -Only a couple of months old and 2015 is already looking like a challenging year for EM currencies. Faced with surprise central bank actions, Greece uncertainties, a back-up in US Treasury...
Technical outlook for EUR/GBP: RBC
Feb 20, 2015 08:36 am UTC| Commentary
Quotes from RBC Capital Markets: -EUR/GBP has accelerated lower after piercing a triple bottom that coincided with 50% Fibonacci retracement of the 2000-2009 advance at 0.7744. This has caused the cross to reach our...
Technical outlook for gold; RBC
Feb 20, 2015 08:34 am UTC| Commentary
Quotes from RBC Capital Markets: -We began to turn more positive on gold on January 15 in response to prices piercing a resistance trendline that dated back to October 2012 at 1239. -While the resulting spike higher was...
USD strength will unlikely to derail a start to Fed's tightening cycle: RBC
Feb 20, 2015 08:31 am UTC| Commentary
Quotes from RBC Capital Markets: -Some saw this weeks FOMC minutes as a sign of the Fed wading into a real or imagined global currency war. -We take a systematic look at Fed communications and find that the opposite...
FOMC will reduce its estimate of NAIRU at March meeting: Danske Bank
Feb 20, 2015 08:23 am UTC| Commentary
Quotes from Danske Bank: -We find it likely that the FOMC will reduce its estimate of the NAIRU at the upcoming March meeting, a guesstimate is from the current 5.4% to around 5.0%. -If our forecast on the unemployment...
Current level of underemployment in US not enough to keep rate hikes off the table: Danske Bank
Feb 20, 2015 08:22 am UTC| Commentary
Quotes from Danske Bank: -Given the extremely low level of the fed funds rate, the current level of underemployment is not enough to keep hikes off the table, in our view. It rather serves as a reason why the Fed will...
US GDP growth to reach 3.0% this year and 2.5% in 2016: Danske Bank
Feb 20, 2015 08:21 am UTC| Commentary
Quotes from Danske Bank: -We expect US GDP growth to reach 3.0% this year and 2.5% in 2016. This is well above potential growth, which the CBO estimates at 1.7% this year and should support continued job growth at an...