There is fundamental support for U.S. housing

May 21, 2015 17:27 pm UTC| Commentary

U.S. existing home sales fell 3.3% in April to 5.04 mln units annualized, the first decline since January and the lowest in two months. It bears repeating that the move is a little surprising, given that there have been...

Riksbank policy easing will need to be more aggressive

May 21, 2015 17:20 pm UTC| Commentary

The Riksbanks third round of government bond buying got underway today. But it is unlikely that the programme will be enough to prevent the krona from appreciating and thereby depressing inflation.A key worry for the...

Services sector is supporting Mexico's economic growth

May 21, 2015 16:55 pm UTC| Commentary

The Mexican economy grew 0.4% q/q sa on the back of a good services performance (0.5%). This was partially offset by the expected contraction in industrial activities (-0.2%). In annual terms, the economy grew 2.5% y/y....

Fewer Americans are claiming unemployment benefits

May 21, 2015 16:43 pm UTC| Commentary

U.S. initial claims rose 10k in the week of May 16th to 274k, which was more than expected and the highest level in a month. And, of course, this covers the survey week for payrolls.However, the week-to-week moves should...

USD review

May 21, 2015 16:08 pm UTC| Commentary

U.S. jobless claims rose a little more than expected in the latest period but broader gauges of joblessness brightened which augurs better for the dollar. Headline jobless claims rose 10,000 to 274,000 but that marked the...

CAD review

May 21, 2015 16:07 pm UTC| Commentary

The loonie kept on its back foot near one-month lows ahead of local data Friday thats forecast to show moderation at the consumer level. Consumer inflation is forecast to move further away from the Bank of Canadas 2...

JPY review

May 21, 2015 16:07 pm UTC| Commentary

Attention yen buyers: Japans currency is still near the most affordable levels in two months. The dollar has risen to mid-March highs against the yen as U.S. Treasury yields hold around elevated levels with the 10-year...