EUR/NOK likely to decline and trade at around 8.80 by end-2017, says Lloyds Bank

Jun 23, 2017 23:09 pm UTC| Commentary

The Norwegian krone has been on the back foot since trading at a multi-year low around 8.80 against the euro in mid-February, pushing towards 9.60, noted Lloyds Bank in a research report. The move has taken place against...

China’s manufacturing PMI index likely remained unchanged in June

Jun 23, 2017 23:08 pm UTC| Commentary

Chinas manufacturing PMI index for the month of June is likely to have remained almost flat. According to consensus expectations, the PMI index is expected to have come in at 51.1, a slight drop from Mays 51.2. The great...

U.S. consumer sentiment index likely to have dropped further in June

Jun 23, 2017 23:06 pm UTC| Commentary

The U.S. Conference Boards index of consumer sentiment is expected to have dropped further in June. According to a Wells Fargo research report, the consumer confidence index is likely to have dropped to 117 in May. In...

NZD/USD likely to trade around 0.69 by end-2017, says Lloyds Bank

Jun 23, 2017 22:57 pm UTC| Commentary

In the past month, the New Zealand dollar has been the best performing developed market currency, appreciating nearly 5 percent against the U.S. dollar, noted Lloyds Bank in a research report. The stable risk environment,...

Japan’s headline inflation likely to have come in at 0.6 pct in May, says Wells Fargo

Jun 23, 2017 22:35 pm UTC| Commentary

Japan is set to release its consumer price inflation data for the month of May next week. According to a Wells Fargo research report, the countrys inflation is likely to have come in at 0.6 percent, a rise from prior...

Canadian economy likely to have grown 0.2 pct in April, goods and services to have driven growth – TD Economics

Jun 23, 2017 22:12 pm UTC| Commentary

The Canadian economic growth is expected to have accelerated in April. According to a TD Economics research report, the GDP is likely to have grown 0.2 percent in the month. Both goods and services are expected to have...

U.S. durable goods order likely to have dropped again in May

Jun 23, 2017 21:53 pm UTC| Commentary

U.S. durable goods orders had dropped in April, marking the end of a four-month rise. It fell 0.8 percent, but the Marchs data was upwardly revised to 2.3 percent on the month. Consensus expectations were for a larger drop...