Different price direction of coffee and sugar
Jul 02, 2015 09:18 am UTC| Commentary
The coffee price likewise came under pressure yesterday. Arabica coffee fell by 4.1% during trading yesterday to close at 127 US cents per pound.One of the reasons for the pronounced fall was the weaker Brazilian real...
Price correction in wheat due to higher US stocks and higher US acreage
Jul 02, 2015 09:14 am UTC| Commentary
After having risen sharply in recent days, the price of US wheat found itself under significant pressure yesterday and fell by 4.4% to 588 US cents per bushel.This was clearly the prices response delayed by one day to the...
Czech Republic posted 2.5% qoq growth in Q1 15
Jul 02, 2015 09:08 am UTC| Commentary
Gross value added (GVA)a better tool for measuring the performance of the Czech economy, rose 1.3% in qoq terms (3.5% in yoy terms). The good news is that GVA rose across all economic sectors, not only in the vast majority...
US June Employment Report to drop from May?
Jul 02, 2015 07:59 am UTC| Commentary
The US Employment Report for June is releasing today, featuring the nonfarm payrolls and the unemployment rate. The previous report, for May, was particularly strong, employment growth accelerated in May. That report...
Swedish Central Bank to face difficult decision
Jul 02, 2015 07:40 am UTC| Commentary
Riksbank is facing a dilemma ahead of todays meeting. The recent inflation data was not bad really, which would suggest leaving its monetary policy unchanged. On the other hand the Swedish central bankers will have to ask...
Canada BoC: Downward revision likely in July GDP growth, possible rate cuts in Q3
Jul 02, 2015 07:33 am UTC| Commentary
After this weeks disappointing Canadas GDP data for April, it will be very difficult for GDP growth in Q2 to meet the projections that the Bank of Canada made in April. The same is true for Q1.This means that the insurance...
US labor market: Will we see renewed USD strength?
Jul 02, 2015 07:08 am UTC| Commentary
Following the strong data yesterday (ADP and ISM) the ICE dollar index broke the 96 mark with ease. The appetite for USD longs is limited today as the official US labour market report is due for publication today. The FX...
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