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 t…
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 take much longer for stronger economic data to feed through to a stronger currency. With that in mind, we still think EUR/USD will trade lower from here.
GBP: We look for Jan IP to be up 0.1% m/m (cons 0.2%). Within that, the manufacturing sector is expected to do a little better-we see growth of 0.2% m/m, in line with consensus. The 0.8% q/q forecast for Q1 GDP will require the data to indicate that things are off to a good start. Nevertheless, that matters a lot more in the services sector, so the relatively modest result we foresee from industrial production wouldn't represent a major challenge to the view that overall growth can accelerate in Q1 from the 0.5% q/q in Q4 2014.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
