U.S. trade deficit narrows in July on falling imports, consumption to slow at sustainable pace in Q3

Aug 29, 2016 05:35 am UTC| Commentary Economy

The nominal trade deficit in goods in the US narrowed more than projection in July. The trade deficit in goods reduced to USD 59.3 billion from 64.5 billion in July. Growth in nominal export rose sharply, accelerating to...

U.S. Q2 GDP growth revised down slightly from first estimate, likely to accelerate 3 pct in Q3

Aug 29, 2016 04:24 am UTC| Commentary Economy

The second estimate of U.S. second quarter GDP came in slightly lower than its preliminary estimate, but in line with consensus projection. The BEAs second estimate showed that the US economy expanded at an annualized rate...

FxWirePro: The Day Ahead- 29th August, 2016

Aug 29, 2016 04:11 am UTC| Commentary Economy

Not many economic dockets and events are scheduled for today but some with high volatility risks associated. Data released so far: Australia: HIA new home sales declined -9.7 percent in July after growing 8.2...

Worrisome Signs Series

It's not just the economy, stupid; it's whether the economy is fair

Aug 29, 2016 00:17 am UTC| Insights & Views Economy

Most experts say globalisation spreads wealth, bringing people out of poverty and nations closer together. But right now some politicians and their supporters are arguing it simply increases inequality. Whats really going...

Chart of the Day Series

Chart of the Day: Over leveraging in U.S.

Aug 26, 2016 14:17 pm UTC| Commentary Economy

Higher leverage was one of the influential factors in the great recession of 2008/09. This chart from Bank of America Merrill Lynch shows that not much has changed. While some would like to blame the commodities decline to...

Asia’s trade balance resilient despite persistent contraction in exports

Aug 26, 2016 12:19 pm UTC| Insights & Views Economy

Trade recession continues in Asia and has varying effects on the regions trade balance. Despite the persistent contraction in exports, the broadly expected deterioration in Asian countries trade balance has not occurred....

U.S. second quarter GDP preview

Aug 26, 2016 12:15 pm UTC| Commentary Economy

Today second flash reading of U.S. second-quarter GDP will be released at 12:30 GMT. As the UK economy weathered the referendum storm much better than expected and the market has remained overall calm, the focus has...