May 2013

2013-05-30 06:30 GMT The Aussie dollar is paring recent losses following its risk-associated peers, picking up pace to the area of 0.9685/90 although still unable to break above 0.9700. Data wise, Building Permits in Australia expanded 9.1% MoM in April and 27.3% over the last twelve months. The more relevant CAPEX contracted 4.7% during the

2013-05-29 08:18 GMT The Eurozone M3 Money Supply increased 3% in the three months to April, following a 3% rise in the three months to March, according to the ECB official data. Analysts expected slightly less growth of 2.9%. On an annual basis M3 Money supply grew 3.2% in April, compared with the 2.6% rise

2013-05-29 08:28 GMT Nomura economist Rob Subbaraman notes that there has been a broad-based weakening, but intra-Asian exports are holding up best. He begins by commenting that exports from Asia, the world's manufacturing hub, are often regarded as a bellwether for the health of the global economy. He estimates that on a 3-month moving-average basis,

DBS Group analysts note that in America, the record high stock market is struggling with expectations over the pace of the Fed’s asset purchases program. They begin by noting that in terms of the Fed’s dual mandate, those arguing for tapering purchases are looking at better jobs data, while those looking at increasing purchases are

Research team at Commerzbank said yesterday that there remains a focus on the 0.8637 April peak. They said that around this level the currency pair is likely to again lose upside momentum. Adding, should this not be the case and a daily chart close above 0.8637 be made, their medium term forecast will change from