U.S. consumer sentiment index likely dropped in November

Nov 21, 2017 20:54 pm UTC| Commentary

The U.S. consumer confidence index is likely to have dropped a bit in November. The University of Michigans measure of consumer sentiment reached a cycle high in October on widespread positivity in current conditions and...

USD/BRL likely to trade around 3.35 by end-2018 – Lloyds Bank

Nov 21, 2017 20:22 pm UTC| Commentary

The USD/BRL pair has risen higher in the past month, owing to elevated political uncertainty in Brazil. The currency pair breached 3.30 for the first time since July. According to a Lloyds Bank research report, the...

U.S. durable goods likely to have weakened in October

Nov 21, 2017 19:47 pm UTC| Commentary

U.S. durable goods are expected to have declined in the month of October after rising strongly in September. Recent data from the factory sector have been quite optimistic. Septembers final statistics showed that durable...

USD/JPY to have upward trajectory, to trade at 113 by end-2017 and at 118 by end-2018 – Lloyds Bank

Nov 21, 2017 19:16 pm UTC| Commentary

Despite the recent political and economic events, the Japanese yen continues to trade in a narrow range against the U.S. dollar, noted Lloyds Bank in a research report. The election victory of PM Abe has seen volatility...

U.K. net borrowing rises in October, borrowing trajectory unlikely to tilt down in coming years

Nov 21, 2017 18:29 pm UTC| Commentary

The ONS figures released today continued to imply that the U.K.s public finances are in a comparatively good position as compared with what was anticipated at the beginning of the fiscal year. Net borrowing was up GBP 8...

Swiss economy likely to grow 2.2 pct next year, domestic demand growth to remain strong in years ahead

Nov 21, 2017 17:45 pm UTC| Commentary

Switzerlands economy is growing, but at quite a moderate rate. Last year the Swiss economy grew 1.4 percent after expanding 1.4 percent in the prior year. This is a bit lower than the potential output growth rate of 1.5...

U.S. existing home sales rise sequentially in October

Nov 21, 2017 17:13 pm UTC| Commentary

The existing home sales in U.S. rose in the month of October on a sequential basis. Existing home sales rose to 5.48 million units from a revised 5.47 million in September. This was in contrary to a modest decline to 5.35...