Central Bank of Turkey cuts key interest rate to 19.75 pct

Jul 25, 2019 19:39 pm UTC| Commentary Central Banks

The Central Bank of Turkey cut its one-week repo rate to 19.75 percent from 24 percent, as was widely anticipated. Todays rate cut of 425 basis points was dovish on the surface, as was also indicated by the Turkish lira...

U.S. goods trade balance remains widely unchanged in June

Jul 25, 2019 18:54 pm UTC| Commentary

U.S. advance goods trade balance came in at a deficit of USD 74.2 billion in June, widely unchanged relative to Mays revised deficit of USD 75 billion. Exports dropped 2.8 percent on the month while imports dropped 2...

U.S. advanced durable goods orders recover strongly in June

Jul 25, 2019 15:39 pm UTC| Commentary

Advanced durable goods in the U.S. recovered solidly in June, led by aircraft orders and strength in capital goods orders. In all, durable goods orders rose 2 percent sequentially after declines of 2.3 percent sequentially...

FxWirePro: Key charts explaining crude oil inventories and production report of EIA

Jul 25, 2019 13:18 pm UTC| Commentary

Here are some key charts based on data from United States Energy information Agencys (EIA) latest report that explains the level of inventories, refinery demand, and production. Chart 1 shows crude oil production in...

FxWirePro: U.S. Natural gas inventory preview

Jul 25, 2019 12:59 pm UTC| Commentary

Natural gas is currently trading at $2.24 per MMBtu. Key factors at play in the natural gas market The price has succumbed to the broader downtrend, which is targeting $1.6 per MMBtu. Supply bottlenecks remain...

German Ifo business climate falls sharply in July, GDP likely to grow only slightly in Q3

Jul 25, 2019 12:23 pm UTC| Commentary

The German Ifo business climate dropped sharply to 95.7 in July from Junes 97.5. The economists consensus had expected only a fall to 97.2. The fall in the business climate was mainly linked to the expectations component,...

U.S. Treasuries jump ahead of initial jobless claims, 7-year auction

Jul 25, 2019 11:39 am UTC| Commentary Economy

The U.S. Treasuries jumped during Thursdays afternoon session, ahead of the countrys weekly initial jobless claims, scheduled to be released today by 12:30GMT and the 7-year auction, also due today at 17:00GMT. The...