Construction spending in US drops for second straight month in May

Jul 04, 2016 06:35 am UTC| Commentary Economy

Total nominal value of construction spending in the US dropped a seasonally adjusted 0.8 percent in to USD 1,143.3 billion in May from Aprils downwardly-revised figure of USD 1,152.4 billion. The negative readings recorded...

JGBs rise modestly as firms’ inflation forecast falls in June, keeps BoJ under pressure

Jul 04, 2016 06:11 am UTC| Commentary

The Japanese government bonds traded modestly firmer on Monday after companies inflation expectations fell slightly in June from three months ago, keeping the central bank under pressure for further stimulus. The yield...

RBA likely to keep interest rate unchanged, expected to ease in Q3 2016

Jul 04, 2016 05:54 am UTC| Commentary Central Banks

The Reserve Bank of Australia is expected to remain on hold at its monetary policy meeting scheduled to be held on July 5, at 4:30 GM. The central bank is expected to leave the official cash rate at its record low of 1.75...

US factory activity grows strongly in June; expansion likely to slow in coming months

Jul 04, 2016 05:51 am UTC| Commentary Economy

Factory activity in the US expanded in June at its most solid pace since early June 2015. The ISM manufacturing index rose to 53.2 in June, implying that even if producers continue face tough environment, the obstacles...

Australian bonds slump ahead of RBA policy decision, election uncertainty

Jul 04, 2016 05:25 am UTC| Commentary

The Australian government bonds slumped on Monday as investors awaited the Reserve Bank of Australia monetary policy decision, scheduled to take place on Tuesday. Also, Australias bonds fell after a national election at...

FxWirePro: The Day Ahead- 4th July 2016

Jul 04, 2016 05:23 am UTC| Commentary Economy

Not many economic dockets scheduled for today and all with low to medium risks associated. Data released so far: Australia: TD securities inflation rises 0.6 percent in June, up 1.5 percent from a year back....

Australia’s inflation gauge rises in June on higher costs of petrol, food

Jul 04, 2016 05:19 am UTC| Commentary

A private sector gauge of Australian inflation rose sharply in June as higher costs of fuel and food pushed up consumer prices, though underlying measures of inflation remained calmed. This leaves room for further rate...