US Retail Sales Unexpectedly Dropped in March Official data released in the US today showed retail sales unexpectedly dropped in March. Retails sales fell 0.3% m/m in March, compared to an expected rise of 0.1% following an upwardly revised February figure of 0.0%. Retail sales ex autos rose 0...
No Takers for Gold Amid Dollar and Equity Rally Risk-on rally in the equity markets and dollar strength is keeping investors away from Gold, owing to which prices fell to a low of $1240 ahead of the US data release...
BoC and US Retail Sales in Focus - BBH Research Team at BBH, suggests that the North American session features US retail sales and PPI, the Bank of Canada meeting, and the Beige Book later in the session. Key Quotes “After yesterday’s unexpected 6...
CAD: Room for Optimism? - Rabobank Jane Foley, Research Analyst at Rabobank, suggests that the CAD has this week rallied to its best level vs. the USD since July 2015 and the recent gains in the oil price have been a big incentive for the CAD...
Oil in Global Economy Series: Big Traders See Better Balanced Market in 2016 While global benchmark Brent crude reached new 2016 high yesterday, at $44.8/barrel (CFD), optimisms were plenty in Commodities Global Summit, organized by Financial Times...
Key Commentaries from Fed's Jeffery Lacker Last night speaking at North Carolina, Richmond FED president Jeffery Lacker said that he considers the expectations issued in December to be more appropriate pace for hikes than the ones issued in March...
Fed Speak Sounded Mixed – Deutsche Bank Research Team at Deutsche Bank, suggests that as far as Fed speak was concerned, while Philly Fed president Harker displayed near term caution about the outlook he was positive for later in the year...
US: Focus on Retail Sales, PPI and Beige Book - Rabobank Philip Marey, Senior US Strategist at Rabobank, suggests that in the US, the retail sales figures for March will give us an idea of the strength in consumer spending despite the global economic and financial turmoil...
Oil Up Above $42 per Barrel; China Exports Above Expectations – Deutsche Bank Research Team at Deutsche Bank, suggests that the risk is enjoying a strong performance, with equities positing solid gains across the board and oil rallying to its highest level since November (WTI above $42...
BoC to Stay the Course - BNPP Research Team at BNP Paribas, suggests that for today’s Bank of Canada announcement the focus will be on the updated macroeconomic projections incorporating additional fiscal spending. Key Quotes “The government expects the budget to boost 2016 GDP growth by 0...
US Retail Sales: Constructive Underlying Spending Ton – TDS Research Team at TDS, suggests that the weaker auto sales should be a key source of drag on US headline retail sales activity, pushing the pace of spending down for the third consecutive month...
Mid-Week Data and Reversion to STEER™ Could Boost USD – BNPP Research Team at BNP Paribas, suggests that the USD’s recovery vs the EUR and JPY continued overnight and is taking support from a recovery of US front-end yields...
Brent Oil Turns Red, Drops Below $44 Brent oil printed a session low of $43.85 levels even though China data showed crude imports rose to record high in March. Rejected at $44.56 Prices turned lower from a high of $44...
BOJ’s Harada: BOJ will Fully Debate Additional Easing Steps If Needed to Respond to Economic Risks The Bank of Japan (BOJ) board member Yutaka Harada returned on the wires via Reuters now, noting that in theory, BOJ has more room left to lower rates...
AUD: Recovery Across the Non-Mining Economy is On Track - NAB Research Team at NAB, suggests that the recent Australian business survey outcomes suggest the recovery across the non-mining economy is on track or indeed gathering speed...
Australia: Surprise Fall in Consumer Sentiment - Westpac The Westpac Melbourne Institute Index of Consumer Sentiment fell by 4.0% in April from 99.1 in March to 95.1 in April. Key Quotes via Bill Evans, Chief Economist at Westpac "This is a disappointing result...
Asian Markets Turn Positive on Oil Gains, Gold Hovers Around $1252 All the major Asian indices are trading on a positive note on Wednesday and erases previous losses. The core reason behind the upward movement is the sharp rise in oil prices, which improves global sentiment...
Gold Under Pressure in Asia on Improved Risk Sentiment Gold extended its overnight retreat in the Asian session, and now consolidates near the lower band of today’s daily range as risk-on trades pick up pace. Gold moves-off fresh four-week tops Currently, gold trades 0.11% lower at 1252...
Asian Stocks Through the Roof, Oil Rally, China Trade Underpin The stocks on the Asian bourses joined the global risk-on rally this Wednesday, taking the positive lead from strong gains seen in the black gold yesterday, which buoyed the sentiment around the energy and resource stocks...
