GBP review

Apr 22, 2015 16:25 pm UTC| Commentary

Pound found a positive in the minutes from the latest Bank of England meeting which played up recovery prospects in the euro zone and see a case for U.K. inflation to rebound from record lows with the economy expected to...

EUR review

Apr 22, 2015 16:24 pm UTC| Commentary

The euro was steady after an overnight bounce to $1.08 once again proved short-lived. Markets appear to be giving Athens the benefit of the doubt that it would ultimately squeak by with a deal to keep the rescue cash...

Good affordability and improving labor market should continue to shore up U.S housing demand

Apr 22, 2015 16:04 pm UTC| Commentary

U.S. existing home sales increased by 6.1% to 5.19 million (annualized) in March, the fastest pace in 18 months. The number of transactions was well above the 5.03 million pace expected by the market. Sales increased in...

Greek crisis dents Euro-zone consumer confidence

Apr 22, 2015 14:35 pm UTC| Commentary

EC measure of consumer confidence fell from -3.7 in March to -4.6 in April, well above the levels seen even towards the end of last year. Aprils decline in the EC measure of consumer confidence suggests that concerns about...

Fed waiting for data to break one way or the other

Apr 22, 2015 14:24 pm UTC| Commentary

With no scheduled press conference or forecast update at next weeks FOMC meeting, expectations about the timing of the Feds first rate hike will hinge on any changes to the accompanying statement."We expect the Fed to...

BoK suggests rather disappointing growth considering the “fiscal cliff” in Q4 2014

Apr 22, 2015 06:55 am UTC| Commentary

Koreas Q1 2015 GDP growth is likely to be rather disappointing when we consider the normalization of government spending after the "fiscal cliff" in the previous quarter.The BoKs de facto flash estimate on Q1 GDP in its...

US existing home sales likely to rise to highest levels since December

Apr 22, 2015 06:52 am UTC| Commentary

Due to unseasonable cold weather US home resale activity stalled in recent months. Pending home sales suggest that resale activity increased in March.Pending sales rose by 3.1% mom in February. Accounting for lags and for...