
More jobs in Italy, but no wage gains going forward
Sep 14, 2015 15:39 pm UTC| Commentary
The announcement that the Italian unemployment rate dropped significantly in July attracted the attention of many market participants., however, we should not read too much into this development, because, some 0.4ppt of...
BoJ Preview: Assessment of downside risks is key
Sep 14, 2015 15:03 pm UTC| Commentary Central Banks
The Bank of Japan (BoJ) will hold a Monetary Policy Board meeting on 15-16 September. Although the BoJ should be mindful of some disappointing data inJuly (eg, industrial production), one months data will likely not be...
Aussie trades elevated, breaches major resistance at $0.7120
Sep 14, 2015 09:35 am UTC| Commentary
The AUD/USD pair was seen slightly higher on Monday, changing hands above the $0.71 handle and with further upside possible in the coming days.Data at the weekend showed industrial production in China in August ticked...
Lowering of corn crop estimates leads to rising prices
Sep 14, 2015 09:24 am UTC| Commentary
The latest forecast report published by the US Department of Agriculture (USDA) on Friday drove up the corn price in Chicago, which closed 3.4% higher. The USDA reduced its estimate for average yields in the US and thus...
Gold price treading water ahead of the Fed meeting
Sep 14, 2015 09:21 am UTC| Commentary
Precious metals are slightly down at the start of the new week after their prices fluctuated - in some cases considerably - on Friday. Gold dipped temporarily below the $1,100 per troy ounce mark. In euro terms, gold...
Call on OPEC in H2 2016 higher than current OPEC production
Sep 14, 2015 09:20 am UTC| Commentary
Baker Hughes announced on Friday that the US oil rig count had once again fallen by 10 to 652 after having already decreased by 13 in the previous week.The marked price fall since the end of July is thus being reflected in...
Massive decline in US crude oil production expected due to low prices
Sep 14, 2015 09:18 am UTC| Commentary
Oil prices remain extremely prone to fluctuation. After surging by nearly 30% at the end of August, they have already shed half of their gains again since the beginning of September.Brent fell by nearly 2% on Friday and...