US real consumption grows in May; but likely to dampen in future

Jun 30, 2016 05:35 am UTC| Commentary Economy

US personal consumption grew 0.4 percent on a month-on-month basis, consistent with expectations. Also, Aprils figure was revised upwards to 1.1 percent of growth from the earlier estimate of 1 percent. Real spending in...

FxWirePro: The Day Ahead- 30th June 2016

Jun 30, 2016 04:24 am UTC| Commentary Economy

Lots of economic dockets scheduled for today and all with low to medium risks associated. Data released so far: New Zealand: ANZ business confidence rose sharply to 20.2 in May from 11.3 in April. ANZ activity...

Danish employment rate would continue to grow for another two years

Jun 29, 2016 12:48 pm UTC| Commentary Economy

For three straight years, Danish employment has been growing. Also, there is no indication of a slowdown in job growth. Except for finance and commodity extraction, all the main private sector industries are expanding. The...

Brexit Lessons- Think the unthinkable

Jun 29, 2016 12:16 pm UTC| Economy Commentary Insights & Views

If theres a valuable lesson to be learnt from the outcome of the UK EU referendum, is to always think the unthinkable even when the last run of opinion poll findings going in to a referendum start to move in the opposite...

UK’s consumer credit hits 10-year high before economies adjust to the Brexit turbulence

Jun 29, 2016 12:13 pm UTC| Commentary Economy

Consumer borrowing grew at the fastest pace in 10 years in the United Kingdom before the world adjusts itself to the upcoming storm that Brexit has created, in a referendum election last week. Consumer lending expanded...

Norway records strong growth in retail sales and household goods consumption in May

Jun 29, 2016 12:11 pm UTC| Commentary Economy

Norways seasonally-adjusted volume index of retail sales grew 1.7 percent on sequential basis, following a growth of 0.1 percent in April, according to Statistics Norway. Expectations were for retail sales to grow by 0.5...

Briferendum Aftermath Series

FX Hedging Strategy Series

Investment banks have higher concerns over post-Brexit formalities and over more drivers to hedge FX exposures

Jun 29, 2016 11:55 am UTC| Insights & Views Economy

The leading investment banks have many reasons to worry ahead of 2017 and 2018 fiscal years, thats when the U.K. could complete its retreat from the European Union formalities, potentially revealing the full scope of...