Currency snapshot (major pairs)
Jul 14, 2016 12:32 pm UTC| Commentary
Dollar index trading at 95.83 (-0.45%) Strength meter (today so far) Euro +0.58%, Franc +0.69%, Yen -1.53%, GBP +2.01% Strength meter (since last week) Euro +1.01%, Franc +0.56%, Yen -4.99%, GBP +3.42% EUR/USD...
Canadian bonds plunge on optimistic BOC policy statement, firm crude prices
Jul 14, 2016 12:30 pm UTC| Commentary
The Canadian government bonds plunged on Thursday as Bank of Canada remained optimistic in its monetary policy statement about Gross Domestic Product (GDP) growth after leaving its overnight policy rate unchanged. Also,...
US consumer price index likely to have risen in June on increase in gasoline prices
Jul 14, 2016 12:28 pm UTC| Commentary
The consumer price index in the US is expected to have risen in June, driven by gasoline prices. According to a Societe Generale research report, the CPI is likely to have increased 0.23 percent, mirroring the May...
US Treasuries continue to trade lower after BoE keeps bank rate steady
Jul 14, 2016 12:07 pm UTC| Commentary
The US Treasuries continue to trade lower after the Bank of England kept its policy rate unchanged at 0.5 percent. Also, expectations of new stimulus in Japan lowered demand for safe-haven assets. The yield on the...
US Election Series: Mark your calendars for these dates
Jul 14, 2016 12:04 pm UTC| Commentary Politics
We are now one the verge of the final phase in U.S. Presidential Election and we advise that you mark your calendars for the following dates. The picture is almost clear regarding the nominees. Donald Trump is...
BoE keeps bank rate and size of asset purchase program unchanged; hints at easing policy in August
Jul 14, 2016 12:00 pm UTC| Commentary Central Banks
The UKs central bank, Bank of England, unexpectedly, maintained the bank rate at record low level of 0.5 percent on Thursday. It also kept the asset purchase programme unchanged at GBP 375 billion. However, the BoE has...
Czech Republic’s current account surplus likely to exceed 1 pct of GDP in 2016
Jul 14, 2016 11:41 am UTC| Commentary
The Czech Republic has recorded the smallest current account surplus so far in 2016 in May, around EUR 1 billion. This is mainly due to the outflow of dividends that reached around EUR 0.6 billion (CZK 17 billion). But...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects