Worrisome Signs Series: US durable goods trend worst since great recession
Aug 26, 2016 06:53 am UTC| Commentary Economy
Data released yesterday show that the durable goods orders rose by 4.4 percent in July and 1.5 percent when transportation is excluded. That is quite a figure and should spark optimism. Yet, we at FxWirePro, are left with...
US service sector growth remains weak in August, service providers upbeat on growth ahead
Aug 26, 2016 06:38 am UTC| Commentary Economy
Service providers in the US showed another month of weak growth in August. Business activity, employment and new orders all rose at a moderate pace as compared with July. Seasonally adjusted, the Markit Flash US Services...
Canada’s small business sentiment rises in August, likely to gain moderately in coming months
Aug 26, 2016 06:08 am UTC| Commentary Economy
Canadas CFIB small business barometer rose in August, erasing a subdued reading of July. Small business confidence rose 2.2 points to 59.8, the second-highest monthly reading since May 2015. Even if the sentiment was...
US durable goods orders rise robustly in July, equipment investment to be flat for rest of this year
Aug 26, 2016 05:30 am UTC| Commentary Economy
US durable goods orders grew strongly in July, beating consensus expectations. The growth was mainly driven by a rebound in non-core items. Durable goods orders rose robustly by 4.4 percent in sequential terms last month....
FxWirePro: The Day Ahead- 26th August, 2016
Aug 26, 2016 04:19 am UTC| Commentary Economy
Not many economic dockets and events are scheduled for today but some with high volatility risks associated. Upcoming: Germany: GFK consumer confidence survey report for September will be released at 6:00...
Aug 25, 2016 12:06 pm UTC| Insights & Views Economy
Post-Brexit economic data resilient so far, and the Confederation of British Industry (CBI) quarterly Distributive Trades Survey is the latest addition to confirm that UK consumers are shrugging off Brexit fears and...
Not all yield curves are flattening
Aug 25, 2016 10:53 am UTC| Commentary Economy
In recent days, yield curve flattening has gained a lot of attention, all over the world. As the central banks around the world have been diving deeper into monetary easing, the expectations have gone up for lower for...
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