US and GER 10yr yields top out

May 27, 2015 18:48 pm UTC| Commentary

BofA Merrill Lynch:Yesterdays SP500 weakness helped 10yr Treasury yields complete their three-week Head-and-Shoulders Top, with the close below the formations neckline at 2.171%. With the SP500 vulnerable to further...

USD/CAD on track for new highs

May 27, 2015 18:39 pm UTC| Commentary

BofA Merrill Lynch:We reiterate our bullish US $ view. Looking at both the US $ Index and USD/CAD, both have made impulsive breaks of key medium-term resistance levels (96.46/95.81 in DXY and 12406/1.2353 in $/CAD,...

Retail sales in Japan probably rebounded in April

May 27, 2015 18:06 pm UTC| Commentary

A rebound in retail sales in April (00.50 BST) looks very likely following the outsized 1.9% m/m plunge in March, and Capital Economics have pencilled in a 1.0% m/m rise.Meanwhile, the annual rate should have jumped into...

Euro-zone economic sentiment index set to have edged down in May

May 27, 2015 17:59 pm UTC| Commentary

Euro-zone ECs Economic Sentiment Indicator (10.00 BST) probably edged down again in May. There are already signs that the strengthening of the euro, slight rise in oil prices and continued Greek crisis have hindered...

Odds of another BoC rate cut coming as soon as July have diminished

May 27, 2015 17:37 pm UTC| Commentary

As expected, the Bank of Canada held its key policy rate at 0.75% on Wednesday.The policy statement showed that the Bank is still confident in its earlier assessment that, after a brief slump in Q1, the economic recovery...

MSCI emerging market index likely to make further gains

May 27, 2015 16:55 pm UTC| Commentary

Although the MSCI Emerging Markets equity index rallied by nearly 14% from mid-March until late-April, since then it has fallen back by almost 4%, in what appears to be a reversal of previous trends.MSCI country indices...

USD review

May 27, 2015 16:03 pm UTC| Commentary

Western Union:The USD Dollar Index resumed its upward march moving higher for the fourth consecutive day. It traded a high of 97.497 today which is 4.36 percent higher than the low it traded earlier this month on the 14th...