May 07, 2015 15:01 pm UTC| Commentary
The Aussie dollar lost a little ground after weaker than expected local jobs data suggested a rate cut may still be on the table. Australia unexpectedly shed 2,900 jobs in April which caused unemployment to rise a notch to...
May 07, 2015 15:00 pm UTC| Commentary
And the winner of the U.K. election so far is: uncertainty. Todays much anticipated vote is considered the closest contest in decades. Incumbent David Camerons Conservative Party is seen in a footrace with Ed Milibands...
May 07, 2015 15:00 pm UTC| Commentary
The euro backpedaled from 10-week highs near $1.14 against the greenback. But underlying sentiment remained fragile, highlighted by the smaller than expected improvement in German industrial orders which underwhelmed with...
US April payrolls likely rebounding to 245,000
May 06, 2015 22:23 pm UTC| Commentary
The March deceleration in US non-farm payrolls (NFP) to 126,000 was a blip and look for a rebound to 245,000 in April (Friday, 08:30 ET), higher than the consensus view of 230,000.This would be consistent with indicators...
Germany's industrial production likely ticked up in March
May 06, 2015 21:59 pm UTC| Commentary
Germanys March industrial production (IP) is expected to have risen by 0.3% on a monthly basis (0.5% y/y), from 0.2% prior.IP has been weak since June 2014, mostly reflecting uncertainty from adverse geopolitical...
BoE likely to keep the bank rate unchanged
May 06, 2015 21:46 pm UTC| Commentary
The Bank of England (BoE) is expected to keep the bank rate at 0.5% at its meeting on 11 May. Headline CPI inflation remained flat at 0.0% in March, a historic low.Core CPI eased further, to 1.0% y/y, primarily reflecting...
China April trade data probably will show a modest export recovery
May 06, 2015 21:37 pm UTC| Commentary
China will release April trade data on 8 May. The holiday distortion should be removed, and expect exports to have increased 3.5% y/y, versus a 15.0% contraction in March.This will still be below the 4.6% average in Q1,...