US retail sales jumped 1.2% in May
Jun 11, 2015 20:43 pm UTC| Commentary
United States retail sales jumped 1.2% in May, reflecting a 2% rise in auto sales (industry sales data were stronger in May so this was not a surprise), a 3.7% lift in gasoline sales (as prices rose again) and a solid 0.7%...
Jun 11, 2015 20:27 pm UTC| Commentary
Westpac Research notes:Australian 3yr government bond (futures) yields fell from 2.17% to 2.10% while the 10yr yield fell from 3.18% to...
Jun 11, 2015 20:26 pm UTC| Commentary
Westpac Research notes:US 10yr treasury yields reversed sharply around noon London, the strong US data doing little to disturb a 2.50% to 2.38% slide. The 30yr auction was strong, awarded at 1bp below market...
Jun 11, 2015 20:25 pm UTC| Commentary
Westpac Research notes:AUD/NZD 1 day: Higher today, on residual momentum from yesterdays RBNZ cut. Minor obstacle at 1.1090.AUD/NZD 1-3 month: The RBA will probably remain on hold (albeit with easing risk), while the RBNZ...
Jun 11, 2015 20:24 pm UTC| Commentary
Westpac Research notes:NZD/USD 1 day: Yesterdays large reaction to the RBNZ cut present fresh bearish implications, the next major downside target 0.6950.NZD/USD 1-3 month: Multi-month, we expect the US dollar uptrend to...
Jun 11, 2015 20:24 pm UTC| Commentary
Westpac Research notes:AUD/USD 1 day: In a 0.7700-0.7800 range today.AUD/USD 1-3 month: Eventual resumption of the strong US dollar trend should weigh on the AUD during the next few months. The next major downside target...
Jun 11, 2015 20:23 pm UTC| Commentary
Westpac Research notes:AU swap yields 1 day: The 2yr should open around 2.18% while the 10yr should open around 3.39%.AU swap yields 1-3 month: The 10yr should continue to rise, following US yields, and targets above...
Canadians are feeling increasingly powerless amid economic struggles and rising inequality
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