June US employment: Softer than expected, but not decisive enough to alter the Fed’s outlook
Jul 02, 2015 14:38 pm UTC| Commentary
At a gain of 223k with net revisions of -60k to previous months of data and flat earnings growth, the tone of the establishment survey was softer than we and consensus expected. May payrolls are now reported as rising by...
US labor market: not bad, but not yet good enough for Fed
Jul 02, 2015 14:12 pm UTC| Commentary
The US labor market continued to recover in June but all in all the employment report failed to meet expectations. While the number of jobs increased by 223k, wages were flat. The unemployment rate fell to 5.3%, a level...
SEK: Another cut to thwart currency strength
Jul 02, 2015 10:21 am UTC| Commentary
In todays updated quarterly forecasts, the Riksbank raised its headline inflation estimate for 2015 from 0.1% to 0.3% and for 2016 from 1.9% to 2.1%. The GDP growth forecast wasraised for this year to 3.2% from 2.7% and...
Tight UK fiscal policy should keep EUR/GBP depreciation moderate
Jul 02, 2015 10:14 am UTC| Commentary
The GBP strength likely reflects the removal of a significant portion of UK political uncertainty just as euro area political risks have intensified. Although UK economic growth should remain higher than that of the euro...
Global and technical factors driving yen depreciation
Jul 02, 2015 10:05 am UTC| Commentary
JPY depreciation has been driven more by global and technical factors. JPY appreciation into late January was driven by the EUR selloff and falls in global bond yields on expectations of QE by the ECB.These "ECB QE trades"...
Gold price falls to 3.5-month low
Jul 02, 2015 09:28 am UTC| Commentary
Even the latest twists and turns of Greek Prime Minister Tsipras did not give rise to any serious fluctuations on the gold market yesterday. Good US employment figures had a greater impact, on the other hand, as they...
US crude oil production rose to 44-year high in April
Jul 02, 2015 09:21 am UTC| Commentary
Oil prices found themselves under considerable selling pressure yesterday. Brent fell by 2.5% to $62 per barrel ad WTI even shed 4.2% to reach $57 per barrel, its most pronounced daily decrease in nearly three months and...
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