FxWirePro: The Day Ahead- 18th July 2016

Jul 18, 2016 03:47 am UTC| Commentary Economy

Few economic dockets scheduled for today and all with low volatility risks associated. Data released so far China: House price index which covers 70 cities rose 7.3 percent in June. Upcoming: United...

Norges Bank likely to ease policy on subdued growth outlook

Jul 15, 2016 12:49 pm UTC| Commentary Central Banks Economy

Norways central bank, Norges Bank, is banking on an expansionary monetary policy, owing to subdued growth outlook. The Norwegian central bank has cut its key interest rate by 100 basis points to current 0.5 percent since...

Brazilian economy likely shrank significantly in Q2 on weak trade

Jul 15, 2016 12:18 pm UTC| Commentary Economy

Brazils data releases on growth indicators imply that the economy is likely to have shrunk at a considerable rate in the second quarter as well. Furthermore, observing closely at the recent retail sales and trade numbers,...

North America’s consumer spending likely to witness demographic change

Jul 15, 2016 11:55 am UTC| Commentary Economy

The province of North America has long benefitted from consumer spending, accounting for a majority of the regions gross domestic product. While consumption spending contributed to more than two-thirds of the US economy,...

New Zealand’s CPI inflation likely to have accelerated in Q2 on recovery in fuel prices

Jul 15, 2016 11:27 am UTC| Commentary Economy

New Zealands consumer price index inflation for the second quarter is likely to accelerate 0.5 percent. The quarterly acceleration of inflation is likely to raise the annual inflation rate to 0.5 percent, a second modest...

Euro area’s annual headline inflation turns positive in June

Jul 15, 2016 11:20 am UTC| Commentary Economy

Euro areas annual inflation in June accelerated 0.1 percent, as compared with -0.1 percent recorded in the month of May, according to Eurostat. On a month-on-month basis, consumer prices rose 0.2 percent in June. Major...

Norway’s value of exports falls in June on decline in oil production and lower prices

Jul 15, 2016 11:14 am UTC| Commentary Economy

Norways goods exports declined in June by 14.9 percent year-on-year to NOK 60 billion. Lower oil and gas prices, reduced oil production and maintenance brought the value of export down in the month, according to Statistics...