EUR review

Jun 11, 2015 17:07 pm UTC| Commentary

Western Union notes:The euro was in a giving mood as the weeks first meaningful look at the worlds largest economy enticed many to cash in on the single currencys recent out-performance.The euro has found a floor in rising...

NZD review

Jun 11, 2015 17:04 pm UTC| Commentary

Western Union notes:New Zealands currency has fallen today to the lowest level in nearly five years. The kiwi dollar crashed nearly three percent on the session, on pace for its worst day in four years, after the nations...

Further strength in U.S. consumer spending likely ahead

Jun 11, 2015 16:18 pm UTC| Commentary

The most anticipated data release of the week did not disappoint. U.S. retail sales rose +1.2% M/M in May, right on par with market expectations. Aprils figure was upwardly-revised from 0.0% to +0.2%. While strength in...

Effects of dollar appreciation on import prices are starting to wane

Jun 11, 2015 15:48 pm UTC| Commentary

After declining for 10 consecutive months, US import prices rose 1.3% m/m in May, somewhat stronger than consensus expectations (+0.8%), as prices for imported petroleum products jumped higher. Petroleum and petroleum...

US retail sales surge in May suggests consumer spending was stronger than reported in Q1

Jun 11, 2015 15:11 pm UTC| Commentary

US retail sales were solid in May, rising 1.2%, in line with consensus expectations. The strong reading on core retail sales also comes with upward revisions to previous months and signals that consumer spending was...

US Q2 GDP estimates will likely be revised higher

Jun 11, 2015 14:57 pm UTC| Commentary

U.S. consumer spending beat expectations handily in May. U.S. retail sales jumped 1.2% in the month, the second fastest pace in over a year, with nearly all store types benefiting from stronger spending. And, there were...

Few encouraging words and actions on Greece

Jun 11, 2015 12:06 pm UTC| Commentary

While most news and commentaries are pessimistic and frustrating, few encouraging words of hope surrounds the Greek negotiation too. With so many communications, comments, counter-comments flowing the air it is...