U.S. housing market activity likely to remain strong

Jun 23, 2016 05:58 am UTC| Commentary Economy

May sales for existing home in the U.S. grew 1.8 percent to 5.53 million. This was the highest pace seen in nearly a decade, according to the National Association of Realtors. However, the print came in slightly lower than...

Briferendum Series

UK referendum finally hits the day; polls show too close a call

Jun 23, 2016 05:44 am UTC| Central Banks Economy Commentary

The big day has finally arrived for the United Kingdom as it goes to face an election over its membership in the European Union. The Britons will vote either in favor of Remain or Leave, which shall commemorate the future...

Sterling turns positive against Dollar YTD ahead of referendum

Jun 23, 2016 05:23 am UTC| Commentary

British pound Sterling has hit anew high for the year as two separate polls suggested that odds have tilted in favor of the Remain. The pound traded 1.4849 against thedollar in Asian trading hours before scaling back some...

Australian bonds sag as Brexit vote looms nearer

Jun 23, 2016 05:23 am UTC| Commentary

The Australian government bonds plunged ahead of the outcome of the Brexit poll later today which will decide whether Britian would remain in the European Union or not. Also, the RBAs neutral stance on Tuesday June meeting...

Canadian sales rise slightly in April; likely to be hit by effects of wildfires in Northern Alberta

Jun 23, 2016 05:16 am UTC| Commentary Economy

Canadas retail sales grew 0.9 percent in April after declining 0.8 percent in March, according to Statistics Canada. Retail sales rose to $44.3 billion. Consensus expectations were for retail sales to rise 0.8 percent in...

Singapore May headline inflation likely to decline for 19th straight month

Jun 23, 2016 05:08 am UTC| Commentary Economy

Singapores headline inflation for the month of May is expected to fall for the 19th consecutive month, marking the record-long streak of negative inflation. Drop in housing as well as utilities prices, coupled with lower...

FxWirePro: The Day Ahead- 23rd June 2016

Jun 23, 2016 04:29 am UTC| Commentary Economy

Lots of economic dockets scheduled for today and some with high risks associated. Data released so far China MNI business sentiment rose to 54.5 Japan Nikkei manufacturing PMI marginally improved to 47.8 ...