Economic surprise indices favor GBP/USD recovery
Aug 24, 2016 12:17 pm UTC| Commentary Economy
While the United Kingdom has been surprising the markets, economist and the doomsayers with continued resilience after the referendum in June, on the other side of the world the United States economic performance has taken...
Construction likely to be a major drag on Australia's Q2 GDP
Aug 24, 2016 10:57 am UTC| Insights & Views Economy
Australias total construction work done fell sharply in Q2. Data released by the Australian Bureau of Statistics on Wednesday showed that the total value of construction work completed in Australia fell 3.7 percent in the...
New Zealand’s trade balance likely to deteriorate modestly over next year
Aug 24, 2016 07:30 am UTC| Commentary Economy
New Zealands headline unadjusted monthly trade deficit came in slightly wider than expected in July at NZD 433 million. But a one-off import, valued at NZD 258 million stimulated values of import. Excluding this, New...
US new home sales rise in July; downward revision of June data indicates weaker performance in Q2
Aug 24, 2016 06:25 am UTC| Commentary Economy
US new home sales grew robustly in July, while Junes data was revised down. In July, new home sales rose a solid 12.4 percent month-on-month to 654,000, higher than consensus expectations of 580,000. Junes sales were...
Aug 24, 2016 05:45 am UTC| Commentary Economy
Construction work in Australia declined steeply in the second quarter of 2016 due to a sharp drop in mining-related engineering construction. Total construction fell 3.7 percent in the second quarter, negatively...
US manufacturing PMI weakens in August, companies signal softer growth in new work
Aug 24, 2016 05:16 am UTC| Commentary Economy
Goods producers in the US witnessed a further improvement in overall business conditions in August. However, the pace of rebound was slower than in July. Output in August continued to increase noticeably, but total new...
FxWirePro: The Day Ahead- 24th August, 2016
Aug 24, 2016 04:42 am UTC| Commentary Economy
Not many economic dockets and events are scheduled for today and all with low to medium volatility risks associated. Data released so far: Australia: Construction work declined by 3.7 percent in the second...
FxWirePro- Major Economic events for the day