FxWirePro: The Day Ahead- 3rd May 2017
May 03, 2017 04:36 am UTC| Commentary Economy Central Banks
Not many economic data and events scheduled for today and some with high volatility risks associated. Upcoming: Spain: unemployment change report for April will be published at 7:00 GMT. Eurozone: ECB will...
World Economic Forum needs to move beyond spin if it's going to help Africa
May 03, 2017 01:56 am UTC| Insights & Views Economy
Set against the backdrop of low growth, dire unemployment figures, and a huge infrastructure deficit the theme of this years African World Economic Forum (WEF) is inclusive and sustainable growth. This is a familiar...
German PSPP purchases remain biased towards short end, average maturity to rise slightly in 2017
May 02, 2017 22:57 pm UTC| Commentary Economy
Aprils QE figures indicated that the average maturity of German Public Sector Purchase Program (PSPP) purchases stayed the same in April at 4.7 years. Germanys purchases are expected to remain biased towards the short end...
New businesses struggle to get exporting just as Brexit Britain needs it most
May 02, 2017 19:25 pm UTC| Insights & Views Economy
The UK, in common with a number of advanced economies, has had a trade deficit for decades. In simple terms, this means that the country imports more goods and services that it exports. The total trade deficit reached 40...
No FX intervention by DN in April on weaker DKK against EUR
May 02, 2017 16:38 pm UTC| Commentary Central Banks Economy
Denmarks central bank, Danmarks Nationalbank, had actively sold DKK in February and in March as part of its ongoing defence of the peg. But the DKK depreciated a bit against the euro in April, and thus the central bank did...
US under Trump Series: Second quarter growth projected at 4.3 percent
May 02, 2017 11:22 am UTC| Commentary Economy
After data from Bureau of Economic Analysis (BEA) showed last week that the US economy expanded at a much slower pace than anticipated, the Atlanta Feds GDPNow model is projecting a growth of 4.3 percent annualized rate in...
UK gilts slump after reading higher-than-expected April manufacturing PMI
May 02, 2017 10:26 am UTC| Commentary Economy
The UK gilts slumped Friday after witnessing a higher-than-expected manufacturing PMI for the month of April. Also, the countrys construction PMI and services PMI, due to be released on May 3 and 4 respectively are also...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects