USD/CAD could be in for a period of consolidation: BofA Merrill Lynch
Feb 17, 2015 17:39 pm UTC| Commentary
Quotes from BofA Merrill Lynch:- USD/CAD has stabilized recently alongside oil prices while CAD has retraced its recent significant overvaluation- Low oil prices will likely make the BoC more aggressive contrasting with an...
Pace of growth in Germany will be more modest than the ZEW implies: Capital Economics
Feb 17, 2015 17:27 pm UTC| Commentary
Quotes from Capital Economics:- Februarys further improvement in ZEW investor sentiment provides some reassurance that confidence in the German economy is holding up despite the ongoing turmoil in Greece. The rise to...
BoE likely to hike rates at its August 2015 meeting: Danske Bank Markets
Feb 17, 2015 17:16 pm UTC| Commentary
Quotes from Danske Bank Markets:- In line with our expectations, UK CPI inflation declined by 0.2 percentage points to 0.3% in January 2015 from 0.5% in December 2014 (Danske Bank: 0.3%, consensus: 0.4%). This is the...
Feb 17, 2015 17:04 pm UTC| Commentary
Quotes from Capital Economics:- The modest decline in the Empire State manufacturing index to 7.8 in February, from 10.0, leaves it at a level that historically has been consistent with GDP growth of around 2% annualised....
Correction in Canada's housing market will be a regional affair: BMO Capital Market
Feb 17, 2015 16:57 pm UTC| Commentary
Quotes from BMO Capital Market:- Canadian home sales fell 3.1% on a seasonally-adjusted basis in January, the second significant monthly decline in a row and leaving sales down 2.0% from year-ago levels.- Sales are now a...
Renminbi – Opening up globally through swaps
Feb 17, 2015 16:28 pm UTC| Commentary
Chinese Renminbi (RMB) last year remained among the few currencies outperforming dollar. This year so far it has underperformed, as the monetary policy diverged. CNY is currently trading around 6.25 against the...
Feb 17, 2015 12:04 pm UTC| Commentary
The latest data coming out of Germany has remained very positive. Germany is enjoying current account surplus at 7.5% of the GDP, surplus is highest in the Euro zone (+200 billion, non-seasonally adjusted, GDP growing at...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects