Australia & New Zealand Weekly: Will the Federal Budget Impact Monetary Policy?
Week beginning 1 April 2019 Will the Federal Budget impact Monetary Policy? RBA policy decision. Australia: Federal budget, retail sales, dwelling prices and approvals, trade balance. NZ: Survey of Business Opinion. China: Caixin PMI’s. Europe: ECB minutes, unemployment rate, retail...
Weekly Focus: In Limbo Across the Board – Looking to China for Good News
This publication has been prepared by Danske Markets for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents...
The Farm Belt faces an expensive cleanup after already-costly record flooding
Record flooding in the Midwest and Great Plains caused at least $3 billion in damage to the region, and more than one-third of the tally is from agriculture, according to officials. The states affected by the rapid snow melt and...
USD/CAD Outlook: Loonie Surges on Stronger than Expected Canada’s GDP Data
The pair fell sharply on announcement of upbeat Canada’s GDP (Jan 0.3% m/m vs 0.1% f/c and -0.1% prev) while US personal income and spending fell below expectations in Jan.Canadian dollar was inflated by stronger than expected data while the...
New home sales rise to 11-month high in February
Sales of new U.S. single-family homes increased to an 11-month high in February and sales for January were revised higher, suggesting that lower mortgage rates were starting to lift the struggling housing market. The Commerce Department said on Friday new...
Canadian Dollar Surges on GDP Surprise and Oil Rally, Sterling Recovers ahead of Brexit Vote
Canadian Dollar jumps sharply in early US session after stronger than expected GDP data. At least, the three month-rolling average remained in expansion despite the contraction in December and November. Additionally, WTI crude oil surged through recent resistance to resume...
If a recession really is coming, here’s what Powell and Trump can do to stop it
With a reliable bond market signal pointing to a possible recession down the road, policymakers have a choice: act now to head off the downturn or hope that conditions will change for the better. As far as markets are concerned,...
CRUDE OIL Eyes 60.37 Resistance Zone And Beyond
CRUDE OIL eyes 60.37 resistance zone and beyond as it follows through higher on its Thursday price reversal. Support lies at the 59.50 level where a break will expose the 59.00 level. A cut through here will set the stage...
USDTRY Could See Further Improvement in Near Term
USDTRY has advanced above the 20- and 40-day simple moving averages (SMAs) and the 23.6% Fibonacci retracement level of the sell-off from 7.1135 to 5.1330, around 5.5970 on Friday. Over the last couple of days, the price has been paring...
Consumer spending, personal income data show economy slowing swiftly in the new year
U.S. consumer spending rebounded less than expected in January and incomes rose modestly in February, suggesting the economy was fast losing momentum after growth slowed in the fourth quarter. The Commerce Department said on Friday consumer spending, which accounts for...