US retail sales expected to begin the summer on a high note
Aug 02, 2015 23:50 pm UTC| Commentary
Consumers probably opened their wallets with gusto in July. The preliminary analysis suggests that retail and food services sales jumped by 1.0% last month, erasing the surprisingly weak -0.3% print posted in May. The...
Australia's Q2 real retail sales to show a more muted 0.4%qtr gain
Aug 02, 2015 23:33 pm UTC| Commentary
Australias real retail sales recorded a solid 0.7% gain in Q1, following strong gains of 1.2% in Q4 and 1% in Q3. Note that the Q4 gain was augmented by an abnormally large, and questionable, level shift in electronic...
UK July PMIs are out this week
Aug 02, 2015 23:16 pm UTC| Commentary
UK July PMIs are out this week (first survey evidence of Q3 activity) starting with the manufacturing PMI today. It has been a weak spot of late. Much change is not anticipated this time (cons: 51.5, prior 51.4) as export...
COPOM policy minutes important for BRL
Aug 02, 2015 22:51 pm UTC| Commentary
In Brazil, high risk premia should continue to weigh on Brazilian assets amid elevated uncertainty regarding the sustainability of fiscal accounts in Brazil. Last weeks SP rating downgrade should serve as a wake-up call to...
Banxico expected to cap volatility, Mexico inflation in focus
Aug 02, 2015 22:29 pm UTC| Commentary
USDMXN has reached the target of 16.50 a few months too early (this was forecast for end-2015). The FX commissions announcement and heavy short positioning in MXN argue for staying on the sidelines. Even though we do...
NJA: USD-Asia crosses to extend their upward climb
Aug 02, 2015 22:16 pm UTC| Commentary
The prospect of imminent Fed tightening, along with sliding commodity prices, is pushing USD higher still against EM FX. The strong USD trend is expected to persist, especially given the downside surprises in growth...
SEK and NOK: PMI data in focus
Aug 02, 2015 21:49 pm UTC| Commentary
Swedish data last week were solid. Following a generally balanced ETS survey on Wednesday, which also portrayed a meaningful uptick in one-year inflation expectations, the Swedish economy grew by 1.0% q/q, leading to a...
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