U.S. initial jobless claims jump to 6-week high, pace of lay-offs remains low

Oct 21, 2016 04:54 am UTC| Commentary Economy

The United States initial jobless claims surged to a six-week high during the period ended Oct 9-Oct 15, while the pace of lay-offs in the worlds biggest economy remained exceedingly low. U.S. initial jobless claims...

Chart of the Day Series

Chart of the Day: London's clearing pie

Oct 20, 2016 13:42 pm UTC| Commentary Economy

This chart from Financial times shows the very pie (London clearings) that every European country is looking to take a bite of, after the Brexit. UKs Brexit minister said that it is a government priority to keep that...

Mexico's economic outlook remains cloudy, Peso under pressure

Oct 20, 2016 12:24 pm UTC| Insights & Views Economy

After expanding at a solid rate of +0.5 percent quarter-on-quarter in Q1, Mexican economy contracted -0.2 percent quarter-on-quarter in Q2. The close economic relations with the US that have developed under NAFTA have so...

Britain's great meritocracy gap – why businesses must widen their talent pool

Oct 20, 2016 12:24 pm UTC| Insights & Views Economy

Britains new prime minister has put meritocracy at the heart of her governments agenda. Its a noble goal. This idea of allowing those with the most talent to rise to the top of society and occupy the best jobs must surely...

U.S. existing home sales likely to rebound in Sep, to remain volatile in coming months

Oct 20, 2016 11:48 am UTC| Commentary Economy

The United States existing home sales are expected to have rebounded during the month of September and are likely to remain volatile over the coming few months. The September existing home sales report is scheduled to...

Briferendum Aftermath Series

Briferendum Aftermath Series: UK to retain Eurozone clearing

Oct 20, 2016 11:39 am UTC| Commentary Economy

Speaking at the House of Commons, the United Kingdoms Brexit minister David Davis said that the country is determined to keep the euro clearing business in London. He said that the United Kingdom meets all the necessary...

FX Hedging Strategy Series

FxWirePro: GBP risk reversals indicate UK retail biz to add momentary cushion but Brexit politics maintain bearish hedging bets

Oct 20, 2016 11:03 am UTC| Economy Commentary

GBP weakness is at the forefront of G10 FX markets as Brexit politics has heated up. The macro strategies have slashed the sterling forecasts recently as UK politics is increasingly leaning towards a hard Brexit, which...