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All posts by Sandeep Kanihama

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FOMC to not alter its policy at next meeting – Rabobank

Analysts at Rabobank do not expect the FOMC to alter its policy settings at next week’s meeting. Key Quotes “We also don’t expect major changes to the monetary policy statement.” “The short-term growth outlook has softened somewhat, but residual seasonality and unseasonal weather conditions make

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AUD: Dose of reality? – Rabobank

It the market needed further convincing that the RBA is set to keep policy on hold for some time, it came in the form of the softer than expected Q1 CPI data release this morning, according to Jane Foley, Senior FX Strategist at Rabobank. Key

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US Q1 GDP: Trend looks set to continue – ING

James Knightley, Chief International Economist at ING, suggests that they are looking for US Q1 GDP growth to slow to 2.4% while the consensus is a little lower, predicting 2% (both outcomes would be below the 4Q trailing average).  Key Quotes “As is usual with

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Oil: Prices headed northwards – BBH

Analysts at BBH note that the brent oil edged to a new high today of almost $75.30 and while WTI for June delivery is firm, but it has held below last week’s high ($69.55).  Key Quotes “The market is anticipating another drawdown of US inventories. 

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US: Focus on housing data – Nomura

Analysts at Nomura note that the US home price appreciation has shown no signs of slowing so far in 2018 as the Case-Shiller composite 20 home price index increased 6.4% y-o-y in January, the highest 12-month increase since 2014, and easily outpacing income and wage

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UK: First current fiscal surplus – BBH

The UK reported its first current fiscal surplus (excluding capital investment), for 2001-2002, helped by the smaller than expected shortfall in March, points out the research team at BBH.   Key Quotes “Overall, the deficit fell from 9.9% of GDP in 2009 to 2.1% last year.  The