Domestic demand remains key growth driver of euro area; economy likely to slow in Q2
Jun 17, 2016 11:20 am UTC| Commentary Economy
The euro area economy had surprised on the upside in the first quarter, growing strongly. The disturbance in the financial market at the beginning of 2016 had raised projections of a weaker momentum. However, the euro area...
Strong CPI likely to put BoC in tough position
Jun 17, 2016 11:18 am UTC| Commentary
In a speech to the Yukon Chamber of Commerce, Bank of Canada (BoC) Governor Poloz gave a progress report on the economy since the banks last forecast in April. He reviewed the outlook in light of key risks the Bank had...
EUR/USD likely trade around 1.12 by 2016-end
Jun 17, 2016 11:15 am UTC| Commentary
Considerable movements have been witnessed in the EUR/USD pair in the past month due to the varying expectations regarding the US policy outlook. There were increased expectations of the US hiking rates in summer due to...
Eurozone wages rebound, still too weak to achieve ECB's inflation target of 2 pct
Jun 17, 2016 11:11 am UTC| Commentary
Wages in the Eurozone rebounded during the first three months of the year but remained weak, however, to provide any support to the European Central Bank in meeting its 2 percent targeted rate of inflation. The euro...
FxWirePro: Sell S&P 500 targeting 1950
Jun 17, 2016 10:45 am UTC| Commentary
In recent days, themarket has shown signs of risk aversion, which has led to big selloffs in some indexes globally like Japanese Nikkei, UKs FTSE 100 etc. Yet SP 500 has broadly maintained its strength. It is just around...
Canada’s near-term housing outlook remains strong; likely to moderate in 2017
Jun 17, 2016 10:08 am UTC| Commentary Economy
Canadas near-term housing outlook remains upbeat. In the first quarter, the Canadian residential activity accelerated noticeably and registered its most rapid pace since 2012. Growth was broad-based. Both resale and...
BoT likely to remain on hold ahead of Brexit referendum
Jun 17, 2016 10:06 am UTC| Commentary Central Banks
The Bank of Thailand is likely to maintain status quo at its upcoming monetary policy committee meeting on June 22 despite the International Monetary Fund urging policymakers to ease monetary policy to support growth and...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects