Thanks to spike in tourism, Spain's unemployment drops to 7-year low in June

Jul 04, 2016 12:11 pm UTC| Commentary

Unemployment in Spain fell to a seven-year lowin June, buoyed by a seasonal spree in thetourism sector, which helped cut unemployment to its record low, since September, 2009. Every one-in-three new jobs createdbelonged to...

FxWirePro: Gold likely to reach $1500

Jul 04, 2016 11:50 am UTC| Commentary

We at FxWirePro are gold bugs. Any regular reader would know that we have been bullish on gold since $1060/troy ounce. Initially, we have been calling for short-term bulls calls and extending it, however as time went by we...

Eurozone periphery bonds slump before new debt supply

Jul 04, 2016 11:44 am UTC| Commentary

The Eurozone periphery government bond yield rose for the first time in more than a week on Monday as investors moved took prices down to make room for some 20 billion euros of bond supply from the region this week,...

Brazil’s exports outlook for 2017 deteriorates slightly post Brexit; BCB likely to start easing policy in Q3

Jul 04, 2016 11:38 am UTC| Commentary Economy Central Banks

Post Brexit vote, the outlook for Brazils exports for next year has dropped slightly, along with its implications for commodity prices. Brazils domestic demand continues to be in a bad shape; however, the consumption...

German FM signals for mutual co-operation within EU community post-Brexit

Jul 04, 2016 11:25 am UTC| Commentary Economy

Germanys Finance Minister Wolfgang Schaeuble, during media interviewssignaled the need to maintain a sense of mutual co-operation between the EU members. The possibility of Brexit has triggered a lot of uncertainty over...

Australia's political uncertainty spooks markets, sees warnings from major ratings agencies

Jul 04, 2016 11:21 am UTC| Insights & Views Economy Commentary

Aussie initially came under considerable pressure during Asian market open after it became clear over the weekend that the parliamentary elections would not result in a clear majority for either party. Australias political...

FxWirePro: Australian dollar may reach for 0.82 despite political uncertainties

Jul 04, 2016 11:01 am UTC| Commentary

Australia is heading towards a hung parliament or an inconclusive election, where no one secures enough seats to form the government. It has been a major setback for Malcolm Turnbull, leader of the current Liberal party...