Canadian housing sector continues to show surprising strength

Jun 08, 2015 16:56 pm UTC| Commentary

Canadian housing starts showed surprising strength in May, as increased completions observed earlier in the year couldnt holdback momentum in multi-unit starts. Indeed, looking through the month-to-month volatility,...

Excessive yen depreciation not yet a concern

Jun 08, 2015 16:36 pm UTC| Commentary

The revised Q1 GDP figure (1.0% qoq or 3.9% qoq annualised) confirmed that Japan corporate activity is accelerating, stimulated by Abenomics policies. Abenomics is successfully progressing towards a complete exit from...

NZD review

Jun 08, 2015 16:30 pm UTC| Commentary

Western Union notes:The Reserve Bank of New Zealand will make its next rate decision overnight on Wednesday.The kiwi dollar could rebound if the RBNZ dampen expectations that it could cut interest rates because of weaker...

CHF review

Jun 08, 2015 16:30 pm UTC| Commentary

Western Union notes:Switzerland will publish their latest inflation report on Tuesday June 09 at 08:15 and expectations are for a drop in inflation from -1.1% (y/y) to -1.2%.Weaker inflation could increase pressure on the...

USD review

Jun 08, 2015 16:29 pm UTC| Commentary

Western Union notes:All eyes will be on Thursdays US retail sales data at 13:30 - the final top tier US economic report before the Federal Reserves June 17 interest rate announcement.Fridays impressive US jobs data has...

GBP review

Jun 08, 2015 16:28 pm UTC| Commentary

Western Union notes:Last weeks unexpected drop in Britains latest services PMI report raised concerns about the pace of the UK economic expansion. The pound last week lost more than 3% against the Euro as a result before...

EUR review

Jun 08, 2015 16:27 pm UTC| Commentary

Western Union notes:The Euro was down almost 2% against the US dollar at one stage on Friday after much stronger-than-expected US economic data.However, the EUR gained more than 3% against Sterling last week after a jump...