South Korea’s industrial output likely to have modestly recovered in April

May 30, 2016 11:36 am UTC| Commentary

South Korean industrial output is likely to have recovered modestly last month, following a considerable drop in March. Even if exports were subdued in April, the weakness is expected to have been already reflected in...

Gold under biggest and longest daily decline in more than three decades

May 30, 2016 11:32 am UTC| Commentary

Gold has been declining and declining hard. The yellow metal, which had one of its best starts to a year in 2016, has declined for 9 consecutive days, including today. In past nine sessions, it has declined 5.4%, which is...

Briferendum Series

Uncertainty of Brexit leaving marks on UK economy, economic recovery relies on outcome of June referendum

May 30, 2016 11:15 am UTC| Commentary

The uncertainty regarding the upcoming referendum of whether UK will stayin the EU is impacting the British economy. Confidence amongst consumers and companies has worsened markedly since the beginning of 2016. The first...

Trade War Series

Currency Peg Series: Saudi Arabia verbally defends Dollar peg

May 30, 2016 11:07 am UTC| Commentary

Ahmed al-Kholifey, Governor of Saudi Arabias Monetary Authority (SAMA) dismissed that kingdom may consider revising its currency peg with U.S. Dollar, which will result in a significant devaluation of Riyal from its...

Norway’s LFS unemployment remains unchanged, in line with expectations

May 30, 2016 11:03 am UTC| Commentary

Norways Labor Force Survey unemployment remained unchanged from February to March, after rising modestly in December but largely in line with market expectations. The LFS unemployment remained steady at 4.7 percent...

Currency War Series

ECB likely to keep rates on hold this week, unlikely to signal additional easing

May 30, 2016 10:50 am UTC| Commentary Central Banks

The European Central Bank is likely to keep its monetary policy on hold this week and not provide any hints of additional easing, said Danske Bank in a research report. After the easing measures were announced in March,...

Fed Hike Aftermath Series

Fed Chair Janet Yellen hints at rate hike soon if economy continues to bloom

May 30, 2016 10:31 am UTC| Commentary Central Banks

The United States Federal Reserve Chair Janet Yellen hinted at a policy rate hike in the coming months, provided the economy continues to be on track, as expected and the job market continues to spring. Yellen hinted at a...