GBP review

Jun 03, 2015 16:38 pm UTC| Commentary

Western Union:Paying U.K. denominated invoices grew a little more affordable today as sterling weakened on disheartening news on a sector of Britains economy that matters most.Britains services sector grew at the slowest...

EUR review

Jun 03, 2015 16:37 pm UTC| Commentary

Western Union:ECB chief Mr. Draghi caused air to seep from the euros big rally from the day before after he renewed a pledge to stay the course on the central banks massive bond buying stimulus despite signs of improvement...

ECB unlikely to change its course

Jun 03, 2015 15:53 pm UTC| Commentary

The ECB governing council confirmed it remains on course. Draghi repeatedly emphasized the importance of longer trends and a steady monetary policy course.The message was clear; ECB will not change its course and will not...

U.S. trade deficit narrows sharply as transitory effects wane

Jun 03, 2015 15:50 pm UTC| Commentary

The U.S. international trade deficit narrowed substantially from a downwardly revised $50.6bn in March to $40.9bn in April - much smaller than the $44bn figure anticipated by economists. Exports rose by 1.0% m/m in April,...

Canadian trade is likely to make a positive contribution to growth in Q2

Jun 03, 2015 15:10 pm UTC| Commentary

The Canadian merchandise trade deficit narrowed in April, to $3.0 billion, up from a downwardly revised $3.9 billion in March. A 2.5% decline in nominal imports was largely responsible for the narrowing, as exports fell a...

Canada’s trade position improved in April, but the size of the deficit is still concerning

Jun 03, 2015 14:55 pm UTC| Commentary

Canadas merchandise trade deficit narrowed to $2.97 bln in April, though that was much wider than expected as Marchs shortfall was revised to a record $3.85 bln (from $3 bln previously). The shockingly weak March revision...

U.S. employment on track for another solid gain in May

Jun 03, 2015 14:51 pm UTC| Commentary

U.S. ADP employment report showed a 201,000 increase in private-sector employment in May, which was bang on expectations and the best clip since January.BMO Capital Markets says continues to look for a +220,000 print for...