Grexit remains a risk despite EU summit's agreement
Jul 15, 2015 07:21 am UTC| Commentary
Grexit contagion will likely be less dramatic now than a few years ago, as banks and companies in most countries have had time to prepare. Despite an agreement at Mondays EU summit, Grexit remains a risk. Increased risk...
Greek parliament votes on reforms today
Jul 15, 2015 07:11 am UTC| Commentary
In addition to the Fed, Greece will be remained an issue today as the Greek parliament is voting on the reforms demanded by its debtors today. There is general agreement that the measures will be passed with the help of...
China's Q2 GDP to show signs of stabilization
Jul 15, 2015 07:07 am UTC| Commentary
The breakdown of GDP by industry segments show Chinas primary industry picked up slightly to 3.5% y/y form 3.2% in Q1 while the secondary industry slowed for the 3rd consecutive quarter to 6.1% from 6.4% in Q1. Chinas Q2...
USD likely to suffer considerable losses
Jul 15, 2015 07:03 am UTC| Commentary
The semi-annual testimony of Fed chair Janet Yellen in front of Congress is due today. She is likely to use the opportunity to further prepare the market for the fact that a first rate hike before the end of the year is...
Czech National Bank’s floor under attack
Jul 15, 2015 06:59 am UTC| Commentary
Further to yesterdays steadily moving EUR-CZK, closer to its floor set up by Czech NationL Bank, the cross moved sharply closer again during trading, reaching 27.05 at one point.This is getting tricky because CNB will...
Fall in USD-CAD likely to be limited
Jul 15, 2015 06:54 am UTC| Commentary
Nobody knows what the situation would have been like without Bank of Canada (BoC) governor Polozs step taken out in January of cutting interest rates in a surprise move to protect the Canadian economy against the effects...
Tourism to lift Singapore retail sales further
Jul 15, 2015 06:35 am UTC| Commentary
The recovery in Singapore tourism, which was driven by a surge in Chinese visitors, is an encouraging sign that tourist arrivals have bottomed following 2013s ban on "zero-cost" holidays by Chinese operators."Also, the...
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