U.S. existing home sales likely to rebound in Sep, to remain volatile in coming months

Oct 20, 2016 11:48 am UTC| Commentary Economy

The United States existing home sales are expected to have rebounded during the month of September and are likely to remain volatile over the coming few months. The September existing home sales report is scheduled to...

Briferendum Aftermath Series

Briferendum Aftermath Series: UK to retain Eurozone clearing

Oct 20, 2016 11:39 am UTC| Commentary Economy

Speaking at the House of Commons, the United Kingdoms Brexit minister David Davis said that the country is determined to keep the euro clearing business in London. He said that the United Kingdom meets all the necessary...

FX Hedging Strategy Series

FxWirePro: GBP risk reversals indicate UK retail biz to add momentary cushion but Brexit politics maintain bearish hedging bets

Oct 20, 2016 11:03 am UTC| Economy Commentary

GBP weakness is at the forefront of G10 FX markets as Brexit politics has heated up. The macro strategies have slashed the sterling forecasts recently as UK politics is increasingly leaning towards a hard Brexit, which...

U.S. initial jobless claims likely to rise, labor market conditions to remain tenuous

Oct 20, 2016 10:53 am UTC| Commentary Economy

The United States initial jobless claims are expected to have risen during the week ended October 15; labor market conditions are expected to remain tenuous as firms look for a sustained pickup in sales activity before...

U.K. retail sales remain unchanged in Sep as warm weather hits consumer demand

Oct 20, 2016 09:56 am UTC| Commentary Economy

Retail sales in the United Kingdom remained unchanged during the month of September, as warm weather amid rising prices of retail products hit consumer demand for clothing and footwear. U.K.s retail sales excluding auto...

Strong retail sales likely to limit immediate downside risks to sterling

Oct 20, 2016 08:25 am UTC| Commentary Economy

Late September the sterling dropped sharply in a flash crash to 1.184 area, after French President Hollande spoke tough on negotiations. It has recovered since but continues to struggle. A better than expected job numbers...

South African retail sales ease at a faster-than-expected pace in August

Oct 20, 2016 07:09 am UTC| Economy

Retail sales in South Africa eased during the month of August, at a pace faster than what markets had initially anticipated. Retail sales edged higher 0.2 percent year-over-year in August, slower than the 1.2 percent...