Americas foreign exchange outlook

Jul 30, 2015 20:52 pm UTC| Commentary

US dollar (USD) gains are expected to intensify into year-end as market participants await the commencement of monetary policy normalization by the US Federal Reserve. Fed policymakers have become increasingly confident in...

U.S. GDP rises 2.3 percent for Q2

Jul 30, 2015 16:23 pm UTC| Commentary

U.S. gross domestic product rose 2.3 percent for quarter two and a quarter one revision of 0.6 percent erased a previously reported contraction. Spurred by strong consumer spending on big ticket items like cars and home...

China, emerging markets

Jul 30, 2015 16:19 pm UTC| Commentary

Chinese officials have struggled to bring the correction in share prices under control. Though the Shanghai Composite has rebounded 11.8% from the 9 July low of 3373, it is still down 28.4% from the 12 June peak of 5,178...

Q2 US GDP report: Consumers wake up – consumption growth supports GDP

Jul 30, 2015 15:49 pm UTC| Commentary

In the advance estimate of Q2 GDP, the BEA estimated that the US economy grew at a 2.3% q/q saar pace, below our (3.0%) and consensus forecasts (2.5%) for a more modest gain. Personal consumption, however, expanded at a...

Germany Inflation back near the zero line

Jul 30, 2015 15:06 pm UTC| Commentary

The German inflation rate has declined again in July, and at 0.2%, it is now only just above the zero line. More steeply falling energy prices, which were responsible for the decline, have probably also pushed the euro...

U.S. Data Release: Real GDP Q2 2015, 1st Estimate & annual revision

Jul 30, 2015 14:42 pm UTC| Commentary

The economy grew by 2.3% annualized in the second quarter of 2015 according to the Bureau of Economic Analysis advance estimate of real GDP. This was slower than the consensus estimate of 2.5%, but the disappointment was...

Canadian data release: CFIB Business barometer-July 2015

Jul 30, 2015 14:22 pm UTC| Commentary

The confidence of small and medium-sized business deteriorated further in July. Indeed, the CFIB barometer fell by 1.2 points to 58.2 - the lowest reading since April 2009 - hinting that small businesses are rather...