German new orders rebound strongly in May, GDP likely to fall sharply in 2020

Jul 06, 2020 12:17 pm UTC| Commentary

German new orders grew strongly in May, as anticipated, following their slump in March and April. On a month-on-month basis, new orders rose 10.4 percent, as compared with consensus expectations of 15.4 percent. The...

Gold consolidates within tight ranges ahead of U.S. services sector data

Jul 06, 2020 08:56 am UTC| Commentary

Gold prices consolidated within narrow ranges as improving risk sentiment ahead of the U.S. services sector data offset worries over surging coronavirus cases in some U.S. states. Spot gold was trading flat at $1,776.54...

Digital Currency Revolution Series: Travala.com Partners With Expedia Group For Cryptocurrency-Based Travel Booking

Jul 06, 2020 07:29 am UTC| Research & Analysis Digital Currency Insights & Views Commentary

Expedia (Expedia Partner Solutions(EPS), one ofthe global B2B partnership brands of Expedia Group) and Travala.com, the crypto travel platform have joined their hands together to allow over 700,000 accommodations to be...

Brazilian services sector activity continues to contract in June, PMI index at 35.9

Jul 03, 2020 17:12 pm UTC| Commentary

The Brazilian service providers June survey continued to show that the COVID-19 pandemic is having a severe and adverse impact on the services economy. The headline IHS Markit Brazil Services Business Activity Index rose...

Norwegian jobless rate continues to fall in June, housing prices rise sequentially

Jul 03, 2020 14:28 pm UTC| Commentary

Norwegian registered unemployment came in slightly stronger than expectations in June. Jobless rate came in at 4.8 percent, as compared with consensus expectations of 4.9 percent. The unemployment rate had risen to nearly...

Thai headline inflation rebounds slightly on energy component in June, but remains negative

Jul 03, 2020 12:42 pm UTC| Commentary

Thai headline inflation turned less negative to 1.57 percent year-on-year in June, driven by easing energy deflation. The rebound in headline inflation was mainly due to the energy component, with energy deflation easing...

Gold consolidates as resurgence of coronavirus cases offset robust U.S. jobs data

Jul 03, 2020 08:45 am UTC| Commentary

Gold prices consolidated within narrow ranges, as worries over surging coronavirus cases globally and lingering trade tensions between the United States and China overshadowed strong U.S. jobs data. Spot gold held firm...