FxWirePro: The Day Ahead- 29th September, 2016

Sep 29, 2016 05:04 am UTC| Commentary Economy

Lots of economic data releases and events scheduled today and some are with high risks associated. Upcoming: Spain: HICP inflation for September and retail sales report for August will be shared at 7:00 GMT....

Japan’s retail sales fall for sixth straight month in August, signal renewed pressure on policymakers

Sep 29, 2016 05:03 am UTC| Commentary Economy

Retail sales in Japan fell for the sixth straight month in a row during the period of August, signaling renewed pressure on the countrys policymakers to adopt steps to bolster household spending in the economy. Japans...

Worrisome Signs Series

Fed Hike Aftermath Series

The U.S. economy is in desperate need of a strong dose of fiscal penicillin

Sep 29, 2016 03:52 am UTC| Insights & Views Economy

Despite six years of recovery from the Great Recession, Americas middle class still struggles financially amid sluggish economic growth and middling job creation. The Federal Reserves near-zero interest rates have...

Backpacker tax compromise means more discrimination for these workers

Sep 29, 2016 03:50 am UTC| Insights & Views Law Economy

The government has reached a compromise with the Nationals over the so called backpacker tax, a tax of 32.5% in every dollar earned by those holding a working holiday visa. This will now be reduced to 19% but in an effort...

Rumors suggest regulators working on Deutsche rescue secretly

Sep 28, 2016 13:38 pm UTC| Commentary Economy

Rumors in the market are suggesting that Germanys biggest bank might receive a rescue from the government, though both have denied such allegations. Deutsche bank denied that it has asked the government for help and the...

China likely to maintain rapid pace of growth over the coming months, says Scotiabank

Sep 28, 2016 11:52 am UTC| Commentary Economy

The Chinese economy is expected to maintain a rapid pace of economic growth over the coming quarters, according to a report released by the Scotiabank said Thursday. However, its economic transition away from external...

Indonesian Rupiah to strengthen on tax amnesty inflows

Sep 28, 2016 11:51 am UTC| Insights & Views Central Banks Economy

The Indonesian Rupiah strengthened to a six-month high against the US dollar on the back of higher tax amnesty inflows. The government has been optimistic about tax amnesty inflows and has approved a total of 21 banks, 18...