Jun 19, 2015 16:16 pm UTC| Commentary
Western Union notes:Sterling ducked a little under seven-month highs but sentiment remained strong after a torrid week of out performance.The pound shined as Greeces debt crisis sparked safe haven demand for the pound,...
Jun 19, 2015 16:15 pm UTC| Commentary
Western Union notes:The euros loss of ground Friday was a clear sign of markets losing confidence in the Greek debt saga ending positively. A fear that Greece could be days away from default caused many to cash in on the...
Inflation unlikely to be a catalyst for BoC monetary policy changes in the immediate future
Jun 19, 2015 14:56 pm UTC| Commentary
The headline Canadian consumer price index rose 0.9% year-on-year in May, after an increase of 0.8% in the month prior. The Bank of Canadas core inflation index, which excludes the eight most volatile components, was up...
Upside surprises in Brazil inflation increases the monetary policy challenge
Jun 19, 2015 14:34 pm UTC| Commentary
Brazil June IPCA-15 inflation surprised on the upside, printing at 0.99% m/m and compatible with annual inflation of 8.80% y/y. The main upside surprise came from the transportation group (0.85% m/m, vs. 0.55% expected),...
Gold crosses $1,200 mark due to weak USD and Greek debt crisis
Jun 19, 2015 10:43 am UTC| Commentary
Gold rose above the $1,200 per troy ounce mark yesterday, high in last three weeks due to the weak US dollar and the escalating Greek debt crisis. The meeting of Eurogroup finance ministers came no closer to reaching...
US economy likely more positive
Jun 19, 2015 10:18 am UTC| Commentary
The aftermath of the Fed meeting and spillover effects from Greece will probably trump domestic data risk next week while the earnings season doesnt really kick off for another four weeks. Readings on the health of the US...
Saudi Arabia exported less crude oil in April rising inventories in Europe
Jun 19, 2015 10:13 am UTC| Commentary
Same trading pattern is observed in the oil prices yesterday as they did the day before, mostly following the performance of the US dollar. Brent trading at around $64 per barrel, while WTI is priced at $60 per barrel this...
Canadians are feeling increasingly powerless amid economic struggles and rising inequality
Another election, another round of Nigel Farage hype, with no lessons learned