RBA Minutes: Never Mind the Greenbacks.With the advent of media conferences after every meeting, RBA minutes have tended to provide less information value of late than in the past, particularly for SMP meetings. This time around, there were some interesting points that could point to under-appreciated risks for the policy outlook.
Job Data Adds to March BoE Rate Cut Bets.US investors return from the long President's weekend with future markets this morning suggesting that they'll pick up where they left on Friday. Benign January CPI numbers extended a rally in US Treasuries with the front end (2-yr) at risk of giving away key support at 3.4%.
Natural Gas and Oil Forecast: Inventory Surge Caps Oil, NG Coils – Is $60 Oil Next?.Oil prices face pressure as rising inventories and a 2.4 mb/d supply surge cap gains, while Natural Gas coils below $3.33 resistance amid demand concerns.