Financial News

Dec data on US personal income and spending suggests momentum should carry into Q1 15: Barclays

Quotes from Barclays Capital:

- The Dec data on personal income and spending were in line with our expectation, with personal income rising 0.3% m/m (Barclays 0.3%, consensus 0.2%) and personal spending falling 0.3% m/m (Barclays -0.2%, consensus -0.2%).

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Swiss GDP to decline by -0.7% q/q in 1Q 2015: UniCredit

Quotes from UniCredit Research:

-Dominated by the export industry, and especially machinery and electronics producers, today's PMI reading provides strong signals that Swiss manufacturers expect to face strong headwinds in the near term.

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Short AUD/USD and NZD/USD: Societe Generale

Quotes from Societe Generale Cross Asset Research:

-Rather than euro and yen, it has been largely commodity currencies such as AUD and CAD that have come under pressure against the US dollar in recent sessions.

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USD/JPY faces downside risks in near term: Societe Generale

Quotes from Societe Generale Cross Asset Research:

-A slew of disappointing US data points in recent days has sapped strength from the dollar rally. USD/JPY briefly traded under 117 overnight following the poor close on US equities on Friday and the continued decline in US bond yields.

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A rate cut by RBI on 3 February likely to be another positive for INR: Standard Chartered

Quotes from Standard Chartered:

-A policy rate cut by the RBI on 3 February is likely to be another positive for the Indian rupee (INR). While USD-INR has bounced off its recent lows on increased hedging of long INR positions and a stronger US dollar (USD), the combination of strong portfolio inflows, lower commodity prices and attractive vol-adjusted carry is likely to cap the upside for USD-INR.

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