Canadian International Merchandise Trade (May 2015)

Jul 07, 2015 16:24 pm UTC| Commentary

Canadas merchandise trade deficit widened to $3.3 billion in May, from $3.0 billion in April. A 0.6% m/m decline in exports was largely responsible, although a 0.2% advance in imports certainly didnt help. "Mays...

U.S. Goods & Services Trade Deficit (May)

Jul 07, 2015 16:09 pm UTC| Commentary

The U.S. goods services trade deficit widened in May, but the $41.9 bln gap was smaller than expected. In real terms, the shortfall grew a bit, although for the quarter to date, it is a bit smaller than the prior quarter....

Taiwan Q2 exports end on a soft note

Jul 07, 2015 10:54 am UTC| Commentary

Exports tumbled by 13.9% y/y in June. On a seasonally adjusted basis m/m, exports fell sharply by 6.7% m/m, having expanded at a solid 4.3% m/m in May. Price compression remained the key culprit for exports...

Higher supply deficit and lower sugar production in Brazil leads to rising sugar price

Jul 07, 2015 09:45 am UTC| Commentary

The raw sugar price climbed by around 1.5% to a six-week high of $12.5 per pound yesterday. One reason for this was the International Sugar Organization (ISO) revising its estimate for the global market deficit in the...

Financial investors wrong-footed by the sharp price drop of Brent

Jul 07, 2015 09:39 am UTC| Commentary

Oil prices recorded their sharpest respective daily declines in five months yesterday. Brent shed more than 6% and WTI almost 8%. The even more pronounced fall in the price of WTI was due mainly to the fact that last...

Prospect for additional oil from Iran puts oil prices under pressure

Jul 07, 2015 09:09 am UTC| Commentary

The drop in oil prices in recent days was doubtless due in part to the expectation that agreement will finally be reached in the nuclear negotiations with Iran this week. The extended deadline for this ends today....

Gold demand in India fairly subdued at present

Jul 07, 2015 09:05 am UTC| Commentary

The gold price remains largely unchanged at below $1,170 per troy ounce and just shy of 1,060 per troy ounce as trading begins this morning. The European Central Bank is keeping its emergency liquidity assistance (ELA) for...