Germany industrial growth likely to slowdown in Q2
Aug 07, 2015 09:18 am UTC| Commentary
German industrial production fell by 1.4% in June. This results in only a small gain in Q2 of 0.1% on the quarter. A quarter-on-quarter growth rate of 0.5% for Q2 was expected, says Commerzbank.Whilst energy output turned...
Falling stock markets prevent a price decline in gold
Aug 07, 2015 09:16 am UTC| Commentary
Attention on the gold market is likely to be focused today on the US labour market figures for July. The Fed Fund Futures are currently pricing in a roughly 50% probability of a Fed rate hike in September."If this...
South Africa mining and manufacturing data to confirm weak Q2 growth
Aug 07, 2015 07:28 am UTC| Commentary
In South Africa, attention will be on growth in the week ahead as Stats SAs release of the June manufacturing and mining output data for June. The second quarter continued to be challenging for these two sectors as Eskom...
CNB language could provoke more speculative activity
Aug 07, 2015 07:13 am UTC| Commentary
CNB decided unanimously to leave the key 2-week repo rate unchanged at 0.05%, and also its CZK cap policy unchanged at yesterdays board meeting.The CB released new growth and inflation projections, it revised up 2015 GDP...
Aug 07, 2015 07:09 am UTC| Commentary Central Banks
The JPY has been under pressure for some days now, particularly against the USD. The Bank of Japans meeting did not move the FX markets during the night. As expected, not much has changed in Japan. The BoJ continues to buy...
RUB under pressure, government action hardly helpful
Aug 07, 2015 07:08 am UTC| Commentary
USD/RUB is climbing to new highs almost every day. Yesterday, the currency pair rose above the threshold of 64. Of course, the strong USD is one reason for this develop-ment. However, news from Russia are not supportive...
US labor data likely to surprise to upside
Aug 07, 2015 07:06 am UTC| Commentary
The US labour market report is scheduled to release today. The labor market data is quite important for the Fed, as its policy revision will be depends on todays data.Following slightly disappointing ADP data (+185k), an...
Canadians are feeling increasingly powerless amid economic struggles and rising inequality
Another election, another round of Nigel Farage hype, with no lessons learned