US labour market tighter but market still waiting for inflation

Aug 31, 2015 16:30 pm UTC| Commentary Economy

US data continue to show progress and the downward pressure on the unemployment rate is set to continue. Weak labour productivity and a low participation rate should ensure lower unemployment, even with a temporary...

Oil is the trump card for Canada

Aug 31, 2015 16:13 pm UTC| Commentary

Its a busy week for data out of Canada, and with the BoC meeting next week, the market will be particularly mindful of how each report could sway the Banks decision about whether or not to cut the policy rate again....

Canadian current account balance deficit narrows

Aug 31, 2015 15:54 pm UTC| Commentary

Canadas current account deficit narrowed to $17.4 bln ($69.6 bln a.r.) in Q2 from a revised shortfall of $18.1 bln in the prior quarter (previously $17.5 bln). The gap was wider than expected due to the revision to Q1...

Unchanged Euro area inflation is set to reduce pressure on ECB

Aug 31, 2015 14:55 pm UTC| Commentary Central Banks

Euro area HICP inflation was unchanged at 0.2% y/y in August against consensus expectations of a small decline to 0.1% y/y. Core inflation was unchanged at 1.0% y/y, which was also better than expected as consensus was for...

Chicago PMI suggests further gains in Midwest activity

Aug 31, 2015 14:43 pm UTC| Commentary

The Chicago PMI ticked down to 54.4 in August from 54.7 last month, broadly in line with consensus expectations (54.5) and a touch below forecast (55.0). Production (59.0, previous: 61.8) and new orders (56.7, previous:...

FxWirePro: Gold might test $1160 area

Aug 31, 2015 14:03 pm UTC| Insights & Views Commentary Technicals

While fundamental is still against Gold, given a rate hike from FED, looming ahead and low inflationary environment. Moreover low volatility environment is not suitable for gold bugs, as gold remains clearly out of...

South Africa economy to rebound

Aug 31, 2015 12:13 pm UTC| Commentary

Lower commodity prices will remain a challenge for South Africas mining sector, while the lingering threat of a strike in gold mining is a key near-term downside risk. The available activity data for Q3 so far are limited...