Hungary’s industrial output falls in June; Moody’s unlikely to change credit rating

Jul 08, 2016 08:59 am UTC| Commentary Economy

Hungarys June manufacturing data came in a tad weaker than anticipated. The nations industrial output declined 0.72 percent month-on-month following a surge of 5.4 percent in May. On an annual basis, output grew 4.2...

China’s CPI inflation likely to have slowed again in June on weaker food price growth

Jul 08, 2016 07:35 am UTC| Commentary Economy

Chinas headline CPI inflation is likely to have decelerated again in June due to weaker food price growth. According to a Societe Generale research report, the nations CPI inflation is expected to have slowed to 1.8...

Mexican economy continues to grow strongly; Banxico to hike rates to offset peso depreciation

Jul 08, 2016 07:21 am UTC| Commentary Economy Central Banks

The Mexican economy continues to grow at a stronger rate in a challenging environment. In the first quarter of this year, the growth accelerated to 2.6 percent year-on-year. Also, the economic growth accelerated further by...

Brexit pushes UK's consumer confidence to lowest level since 1994

Jul 08, 2016 05:47 am UTC| Commentary Economy

The United Kingdoms consumer confidence witnessed the worst performance in over two decades, signaling that the nations decision to leave membership of the European Union is already weighing on the economic outlook of the...

US consumer services sector grows strongly in June on expansion of new business and employment

Jul 08, 2016 05:39 am UTC| Commentary Economy

Markits recent US Sector PMI data indicates a widespread recovery in growth at the end of second quarter of2016. All the seven monitored sectors, excluding industrials, witnessed a rapid growth or a deceleration in the...

FxWirePro: The Day Ahead- 8th July 2016

Jul 08, 2016 04:17 am UTC| Commentary Economy

Not many economic dockets scheduled for today but some with high volatility risks associated. Data released so far: Japan Labor cash earnings declined by -0.2 percent in May. Upcoming: Japan: Eco...

FxWirePro: GBP dichotomies - Technicals now move in sync with fundamental sentiments

Jul 07, 2016 12:56 pm UTC| Economy Technicals

A few words on Brexit sentiments: Arent you aware of the sentiments of lingering sentiments that can never be disregarded? The threat that gradually but certainly spreads through your some part of the economy and then...