USDA expects record global wheat crop in 2015/16
Aug 17, 2015 12:21 pm UTC| Commentary
The USDA made an unexpected - though only marginal - cut to its US wheat crop estimate, but increased its estimated figure for worldwide production by nearly 5 million tons because of Russia and Ukraine. On a global level,...
Soybean price depressed by several factors
Aug 17, 2015 12:18 pm UTC| Commentary
The soybean price is now also under pressure because of the good weather forecast for the US growing areas. Previously, China - the main consumer of soybeans - had already devalued its currency, while the US Department of...
PBoC purchases 19 tons of gold in July
Aug 17, 2015 12:15 pm UTC| Commentary Central Banks
The Chinese central bank announced on Friday that it purchased 19 tons of gold in July. It would appear that the PBoC has gone over to reporting its (real) gold purchases monthly, rather than only every six years as it did...
UK retail sales to hold steady
Aug 17, 2015 12:10 pm UTC| Commentary
UK month on month and year on year retail sales ex auto fuels data for July is likely to release on 20th underlying state of consumer demand is strong, supported by growth in real disposable income and firm consumer...
UK CPI inflation to remain at precisely zero
Aug 17, 2015 09:27 am UTC| Commentary
UK CPI inflation data for July is scheduled to release on 18th, August.The countrys outlook for inflation remains muted. Energy prices have fallen again and the continuing appreciation of the pound is restraining the...
Gold shines, reinforces safe-haven position
Aug 17, 2015 09:25 am UTC| Commentary
The precious metal gained on news that China increased its gold hoard and Japans GDP contracted in the second-quarter, albeit slightly ahead of expectations, as the indirect effect allowed the commodity to reaffirm its...
Aug 17, 2015 09:13 am UTC| Commentary
After the Eurogroups decision to back the Memorandum of Understanding for a third bailout, several national parliaments (including Germany, Austria, Estonia, Finland, Latvia, Portugal, Spain and France) will need to...