Last week’s failures to close above the 100-DMA and ahead of
All things considered, the Canadian Dollar has held
We reckon the RBNZ has taken a gamble that the benefits of hammering the NZD
Today’s signals from the Fed suggest that the central bank leaves June open as an option for lift-off in rates.
Underlying CPI rates averaged a 0.7% q/q rise and
GDP increased by 0.5% q/q in Q4 2014 which is somewhat below
Producer price inflation eased further in December.
PMIs up, ZEW expectations up – and now the Ifo went up as well.
The December Labour Force Survey shows that unemployment fell to 7.6% from 7.8% in November,
Expansion in the manufacturing sector lifted during the last month of 2014,
Annual inflation dipped below 1% in Q4 2014, en route to sub-zero in Q1 2015.
NAB Residential Property Index falls as house price expectations pared back and rents weaken.