UK annual growth Q4 a surprise positive – BNP

UK annual growth Q4 a surprise positive – BNP

Analysts at BNP Paribas explained that UK growth for Q4 was unexpectedly revised up today, lifting the annual growth rate for 2015 to an above-trend 2.3%. Key Quotes:”Next week we will get further details on economic activity in Q1 with the release of the March services PMI.””We remain of the view tSee Original Article

Canadian pension plans' health declines in first quarter -survey

TORONTO, March 31 (Reuters) – The financial health of Canadian pension funds declined in the first quarter of 2016, affected by volatile currency markets, weakness in equity markets and lower bond…

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USD/JPY: Trading the US ADP Non-Farm Payrolls

The jobs report from ADP provides a snapshot of private sector employment in the US, as well as a hint for the official Non-Farm Payrolls publication
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Iran to attend April meeting, but will not commit to production freeze

As per Bloomberg report, Iran will attend OPEC and non-OPEC meeting to be held in April, but will not commit to production freeze. The meeting has been convened to sign production freeze accord and major producers have said that they are ready to talk irrespective of Iran’s participation. MeanwhilSee Original Article

FOREX-Dollar nurses quarterly losses as U.S. jobs data awaited

FOREX-Dollar nurses quarterly losses as U.S. jobs data awaited

* Nonfarm payrolls report could disappoint dollar bulls-strategist

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USD/JPY: subdued despite call for BoJ easing after Tankan

USD/JPY has been a relatively quiet start in Tokyo, given the disappointment in the Tankan survey. The large manufacturers index reading came in as the lowest level since June of 2013. Then, the large non-manufacturers index arrived as the lowest since March 2015. This report should be fuelling furtSee Original Article

EMERGING MARKETS-Latam currencies rise to monthly highs on appetite for risk

(Recasts with updated prices, adds Mexico) By Bruno Federowski SAO PAULO, March 31 (Reuters) – Currencies in Latin America strengthened on Thursday, with Peru’s sol hitting its highest in nearly five…

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China official manufacturing PMI back into expansion

China official manufacturing PMI for March came in at 50.2 vs 49.4 expected and 49 last. The reading shows China back in expansionary territory (above 50.00), the best level seen since July 2015, and putting an end to what had been a downward tendency in the official NBS PMI series since August 2015See Original Article

WTI looks to regain $38.00, still in red

WTI looks to regain $38.00, still in red

After bottoming out in the mid-$37.00s in early trade, the barrel of West Texas Intermediate has managed to pick up some pace and retake the $38.00 mark.WTI lower on glut concerns, OPEC outputCrude oil prices have accentuated this week’s softer tone in response to renewed jitters over the oil suppSee Original Article

Is there more room for Gold to rally?

Gold, the precious metal that was shunned in the past few years staged an impressive rally since late December, with momentum picking up in mid
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Prioritise forex allocation to auto industry, council urges CBN

He said it was essential that forex allocation to the sector was prioritized, since the essence of the automotive policy was to boost local capability and
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US stocks drop in early trading on oil weakness

Slide in oil prices ensured major US equity indices fell in early trading with energy stocks leading the way. At the time of writing, Dow Jones industrial Average (DJIA) was down 0.55% or 98 points. S&P 500 index was down 0.40% or 8 points. Nasdaq also traded 0.23% or 12 points. DJIA oil and gas indSee Original Article

GBP/USD still capped at 1.4300 ahead of Yellen

GBP/USD still capped at 1.4300 ahead of Yellen

The sterling keeps alive its march north during the first half of the week, with GBP/USD meandering in the upper-1.4200s for the time being.GBP/USD firmer, waits for YellenThe pair is advancing for the second consecutive session so far, posting fresh 5-day highs near 1.4300 the figure and propped upSee Original Article

SSA Market: Something for everyone – Rabobank

Research Team at Rabobank, suggests that the Easter break gave pause for thought for many SSA issuers, with only a handful of deals pricing in EUR and USD over the past week.Key Quotes“Notable was the European Stability Mechanism’s (ESM) tap of a 21 year bond (1.625%) which priced at MS+13bps, bSee Original Article

GLOBAL MARKETS-Stocks, dollar drift ahead of Yellen speech; oil drops

* Investors look to Fed chief Yellen for rate clues (Updates with U.S. markets, adds comment; changes dateline, previous LONDON)

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GBP/USD – dollar selling stalls, falls back to hourly 200-MA

USD selling stalled, making way for GBP/USD bears to push the pair back to its hourly 200-MA at 1.4264 levels ahead of Fed’s Yellen speech. Rejected at 1.4307Markets read Federal Reserve policymaker Williams’ comments about negative rates as dovish. The resulting sell-off in the US dollar pushedSee Original Article