Oil in Global Economy Series

Oil in Global Economy Series: Don’t count out shale drillers

Oct 18, 2016 06:43 am UTC| Commentary

We, at FxWirePro, have said several times in the past that the cost of production for the swing producers (shale oil drillers; since it is relatively low-cost affair for them to shut down and restart production) would be...

U.K. September labor market data likely to show certain signs of Brexit damage

Oct 18, 2016 06:36 am UTC| Commentary

The U.K. labor market data for the month of September is expected to show certain signs of Brexit damage. So far, the labor market has indicated no effect of the Brexit uncertainty shock. In August the claimant count was...

Higher crude prices and revival in investment spending pose potential risks to India’s current account deficits

Oct 18, 2016 06:26 am UTC| Commentary Economy

Higher energy prices, coupled with a revival in investment spending pose potential risks to Indias current account deficits, enlarging possibilities of a widened deficit in the near term. India has run current account...

U.S. industrial production rises in September, unlikely to grow substantially in months ahead

Oct 18, 2016 06:06 am UTC| Commentary

U.S. industrial production rose sequentially in September, coming on par with consensus expectations. The industrial output grew 0.1 percent on the month, as compared with the prior months -0.5 percent growth....

Australia consumer confidence edges higher following upbeat housing, labor market

Oct 18, 2016 05:48 am UTC| Commentary Economy

Consumer confidence in Australia edged higher during the week ended October 17, following growing optimism over the countrys housing and labor market and an upbeat economic outlook in the near term. Australias ANZ-Roy...

New Zealand’s 10-year bond yields close nearly 5-month high as Q3 CPI lowers RBNZ easing bets

Oct 18, 2016 05:48 am UTC| Commentary

The New Zealand 10-year bond yields closed nearly five months high Tuesday after higher-than-expected third quarter consumer inflation data lowered the Reserve Bank of New Zealands easing bets. The yield on the...

Australia’s new motor vehicle sales grow in September, further modest growth likely

Oct 18, 2016 05:46 am UTC| Commentary

Australias new motor vehicle sales grew sequentially in September to a new monthly record. It rose 2.5 percent, as compared to prior months zero percent growth. The Australian Bureau of Statistics recorded that 100,640...