US producer prices show continued rebound in July
Aug 14, 2015 14:42 pm UTC| Commentary
Producer prices rose 0.2% m/m in July (previous: 0.4%), in line with forecast and a touch higher than consensus expectations. The increase in the headline PPI was driven by services, which reported a 0.4% m/m in prices on...
Euro area: Q2 GDP, moderate recovery continues
Aug 14, 2015 14:33 pm UTC| Commentary
Euro area Q2 flash GDP came slightly below consensus expectations at 0.3% q/q, after +0.4% q/q in Q1 15. Most of the countries surprised slightly to the downside, with the notable exception of Greece. In Germany, GDP rose...
EURUSD trading higher ignoring weak Euro GDP data
Aug 14, 2015 11:32 am UTC| Commentary
Euro strengthened to intraday high as dollar weighs PBoCs devaluation during this week and leaves the battlefield open for its European counterparts. Euro traded 0.29% higher at $1.1180, only 30 pips from 1-month high....
Global gold supply fell by 5% in Q2 due to lower gold scrap
Aug 14, 2015 09:36 am UTC| Commentary
The gold price has slipped again somewhat from the 3½-week high it achieved yesterday and is trading this morning at around $1,115 per troy ounce. Reasons for this included the firmer US dollar for a time and...
Price differential between Brent and WTI increased
Aug 14, 2015 09:27 am UTC| Commentary
Oil prices are experiencing renewed selling pressure. Brent is trading well below the $50 per barrel mark again, while WTI actually fell overnight to a 6½-year low of $41.3 per barrel. As a result, the price...
U.S. unease grows with CNY depreciation
Aug 14, 2015 08:54 am UTC| Commentary
China is increasingly allowing its currency to be determined by market forces. Although it remains to be seen how consistently the PboC will adhere to the previous days closing price when calculating the next days...
India CPI inflation likely at 5% in FY 15-16
Aug 14, 2015 08:41 am UTC| Commentary
Indias wholesale price inflation (WPI) released today came in at -4.05% y/y. The inflation figure is the lowest level since June 1976. It was also the ninth consecutive month with a negative reading. Barclays says the WPI...