Japan's May current account surplus hurt as yen rises
Jul 08, 2016 05:30 am UTC| Commentary
Japans May current account balance was hurt for the first time in nearly 2 years as a recent appreciation in the Japanese yen weighed on the countrys businesses, reducing profits in foreign investments, government data...
FxWirePro: The Day Ahead- 8th July 2016
Jul 08, 2016 04:17 am UTC| Commentary Economy
Not many economic dockets scheduled for today but some with high volatility risks associated. Data released so far: Japan Labor cash earnings declined by -0.2 percent in May. Upcoming: Japan: Eco...
Asian markets in red ahead of US NFP job results, gold stable above $1,350
Jul 08, 2016 04:13 am UTC| Commentary
All the major Asian stock markets are trading in red ahead of the big event for the day that is US NFP job data. Japanese yen gains against US dollar instead of lower than expected current account data and average cash...
China's June forex reserves grow by $20 billion
Jul 07, 2016 15:38 pm UTC| Commentary Central Banks
Data released by the Peoples Bank of China (PBoC) showed on Thursday that Chinas foreign exchange reserves in June unexpectedly rose by $20 billion to $3.21 trillion, rebounding from a 5-year low in May. Reserves...
UK May industrial production corrects lower after April’s surge
Jul 07, 2016 14:30 pm UTC| Commentary
UK industrial production declined 0.5 pct m/m in May, after seeing a 2.1 pct m/m surge in April. The decline was modest and better that expectations for a deeper contraction of 1 pct. Year-on-year industrial production...
June FOMC meeting’s minutes highlight a cautious Fed ahead of the UK’s referendum
Jul 07, 2016 13:52 pm UTC| Commentary
Minutes of the June FOMC meeting released on Wednesday highlighted a cautious committee ahead of the UKs EU referendum and uncertainty around the outlook for the US labour market following the weak April and May nonfarm...
Lower commodity prices to drive a record number of global sovereign downgrades in 2016 - Fitch
Jul 07, 2016 13:37 pm UTC| Commentary
Fitch Ratings in its latest bi-annual Sovereign Review and Outlook said the global sovereign ratings on track for a record number of downgrades in 2016. Fitch noted that the impact of lower commodity prices in emerging...
Don Lemon Drops Bombshell: ‘I’m Done with Twitter!’ as He Bids Farewell to Platform in Shocking Exit