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Friday, Jul 29, 2016 as of 8:12 AM UTC

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BoJ keeps interest rate unchanged, raises ETF purchases

The Bank of Japan in its two-day monetary policy meeting that concluded on Friday, kept its key interest rate unchanged while increasing the purchases of Exchange-Traded Funds (ETFs). This came in contrast to market...

US Election Series

US Election Series: Trump’s Russia comments receive more scrutiny than Hillary’s emails

07:29am UTC Commentary

In this years election, Republican nominee Donald Trump and controversies have almost become synonymous, however, the mainstream American media sometimes focuses on something other than what deserves more attention. The...

Apple’s Unreasonable Demands Mean No ‘Apple TV’ Streaming

07:53am UTC Technology

Apple TV was supposed to be a way for people in the digital age to watch television without actually being connected to one of the major cable providers that are currently serving viewers through traditional platforms....

Blockchain Revolution Series

EY report explores future potential of blockchain technology

05:53am UTC Digital Currency

Ernst Young, an auditing and consulting firm, has published a report on blockchain technology that explores the upcoming potential of the distributed ledger technology. The report titled Blockchain reaction: Tech plans...

Most Asian markets in red ahead of BOJ, gold stabilises above $1,330

03:07am UTC Commentary

Major Asian indices are trading on a negative note on the last working day. Markets await BOJs monetary policy statement. USD/JPY hits fresh 2-week low ahead of BOJ. Japans Nikkei 225 was trading 0.40 percent lower at...

ECB struggles to stimulate growth via the credit channel

14:39pm UTC Commentary

Data released by European Central Bank on Wednesday showed that eurozone money supply and lending to private sector grew at faster pace in June. The broad monetary aggregate M3, often an indicator of future economic...

Chart of the Day Series

Chart of the Day: Equity looks better than bond

14:15pm UTC Commentary

This nice chart from JPMorgan fund research shows equities may be a lot cheaper in Europe, compared to the bonds. As of 30th June 2016, dividend yield in MSCI Europe is calculated at 3.7 percent, whereas 10-year bund is...

Currency War Series

RBNZ determined to weaken the kiwi

13:31pm UTC Commentary

As early as June the Reserve Bank of New Zealand (RBNZ) made it clear that it will cut the key rate one more time should NZD not depreciate. Kiwi remains fairly well bid despite the Feds upbeat assessment of the US economy...

Blockchain Revolution Series

Blockchain-based SmartContract launches Smart Oracles Platform

13:09pm UTC Digital Currency, a blockchain-based application developer, has announced the launch of Smart Oracles Platform that provides solutions to connect the worlds existing data and financial infrastructures with bitcoin and...

Brexit likely to have limited implications for developing countries, says KfW

11:56am UTC Commentary

The June 23 United Kingdom referendum that concluded in a vote demand the exit of the UK from the European Union is expected to have limited implications for the developing countries, but a noticeable impact on the...

South Africa June jobless rate drops marginally; PPI rises in June

11:53am UTC Commentary

The rate of unemployment in South Africa dipped marginally during second quarter of the year, signaling a stable labor market despite repercussions in the world economy on worries surrounding political and financial...

Russian central bank likely to remain on hold due to inflationary pressures

11:07am UTC Commentary

The Central Bank of Russia (CBR) is largely expected to remain on hold at its monetary policy meeting scheduled to be held on July 29, following higher-than-targeted inflationary pressures that would restrict the bank from...

Fundamental Evaluation Series

Fundamental Evaluation Series: USD/CHF vs. yield divergence review

11:07am UTC Commentary

In recent days, Swiss francs correlation with the 2-year yield spread (US-Swiss 2 year) has dropped to 25 percent but time on time again it shows relatively high positive correlation, as high as 80 percent at times. Just...

Eurozone economic, business confidence rises despite Brexit

10:50am UTC Commentary

Economic and business confidence in the Eurozone during the month of July rose, despite woes concerning the June 23 vote for the United Kingdom to leave membership of the European Union. A key gauge of economic...

Coup and crackdown likely to take toll on Turkey’s tourism

10:40am UTC Commentary

An attempted coup on July 15-16 and crackdown after that which has so far led to more than 60,000 government workers, military personnel, teachers, and journalists being either jailed, detained, or suspended is likely to...

Facebook Revenue Through The Roof, Users To Be Forced Out Of Web Chat

09:04am UTC Technology

Facebooks chat app Messenger now has over 900 million users, which is a result of their aggressive effort at forcing users off their main app if they wanted to chat with their friends and family. Now, the social network is...

‘Tesla Model 3’ Now Ready For Mass Production, Gigafactory Construction Sped Up

09:03am UTC Technology

Pre-Orders for the Tesla Model 3 number in the hundreds of thousands the last time the figures were released, so the electric car company really has its work cut out for it, mostly because it has never produced that many...

US pending home sales rise in June, stay less than market expectations

07:23am UTC Commentary

The United States pending home sales rose during the month of June, although it stayed less than what the markets had expected. A pending home sale is one in which a contract was signed but not yet closed. Normally, it...

Ford And MIT Team Up For Self-Driving Shuttles To Transport Students

03:24am UTC Technology

Ford is teaming up with MIT engineers to develop electric shuttles that will pick up students and bring them to class. The company isnt just doing this out of the goodness of their hearts, however, as the project is also...

API reports deficit, while WTI awaits EIA report: call updated

09:19am UTC Commentary

WTI has reached an interim support area around $42 per barrel, further decline is likely after a minor bounce back. Key factors at play in Crude market Oil market glut has shifted from crude oil to gasoline....

Migrant Crisis Series

European Migrant Crisis: Brexit isn’t the biggest crisis in Europe

07:17am UTC Commentary

The June 23rd referendum in the United Kingdom, which could eventually lead to the Brexit is not really the biggest threat in Europe, its really the migrant crisis. It has already done the damage in dividing a decade-long...

Upcoming Economic Calendar Sunday, Jul 31

Time left
19:30 Released MX Fiscal Balance (Pesos)* Jun -189.35 bln MXN -104.33 bln MXN
14:00 Released US U Mich Conditions Final Jul 109.0 bln $ 109.0 bln $ 108.7 bln $
23:00 2016-07-31T23:00:00+00:001349m KR Current Account Balance* Jun 8.12 bln $
00:00 2016-08-01T00:00:00+00:001409m RU Markit Mfg PMI Jul 51.5 %
00:00 2016-08-01T00:00:00+00:001409m KR Export Growth Prelim* Jul -4.6 % -2.7 %
00:00 2016-08-01T00:00:00+00:001409m KR Import Growth Prelim* Jul -9.5 % -7.7 %
00:00 2016-08-01T00:00:00+00:001409m KR Trade Balance Prelim* Jul 11.50 bln $
00:30 2016-08-01T00:30:00+00:001439m AU MI Inflation Gauge Jul 0.6 %
01:00 2016-08-01T01:00:00+00:001469m AU HIA New Home Sales m/m Jun -4.4 %
01:00 2016-08-01T01:00:00+00:001469m CN NBS Manufacturing PMI* Jul 50.0 bln $ 50.0 bln $
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