Brexit pushes UK's consumer confidence to lowest level since 1994
Jul 08, 2016 05:47 am UTC| Commentary Economy
The United Kingdoms consumer confidence witnessed the worst performance in over two decades, signaling that the nations decision to leave membership of the European Union is already weighing on the economic outlook of the...
US consumer services sector grows strongly in June on expansion of new business and employment
Jul 08, 2016 05:39 am UTC| Commentary Economy
Markits recent US Sector PMI data indicates a widespread recovery in growth at the end of second quarter of2016. All the seven monitored sectors, excluding industrials, witnessed a rapid growth or a deceleration in the...
FxWirePro: The Day Ahead- 8th July 2016
Jul 08, 2016 04:17 am UTC| Commentary Economy
Not many economic dockets scheduled for today but some with high volatility risks associated. Data released so far: Japan Labor cash earnings declined by -0.2 percent in May. Upcoming: Japan: Eco...

FxWirePro: GBP dichotomies - Technicals now move in sync with fundamental sentiments
Jul 07, 2016 12:56 pm UTC| Economy Technicals
A few words on Brexit sentiments: Arent you aware of the sentiments of lingering sentiments that can never be disregarded? The threat that gradually but certainly spreads through your some part of the economy and then...
Turkish economic growth likely to slow sharply in 2016, 2017
Jul 07, 2016 12:45 pm UTC| Commentary Economy
The Turkish domestic demand is currently quite strong as the government has executed pro-growth policies in the first quarter of 2016, including a 30 percent minimum wage rise. Lower prices of food and energy are also...

ADP points to momentum loss in labor market
Jul 07, 2016 12:24 pm UTC| Commentary Economy
Today ADP employment numbers were released from US for the month of June. ADP number shows US economy and its labour markets is resilient in second quarter but lost some steam. There are two things to note even in...

Change in demography likely to tamper consumer spending in North America
Jul 07, 2016 12:04 pm UTC| Commentary Economy
The United States and Canadian economy, havelong benefitted from consumer spending, accounting for a majority of the countries gross domestic product. While consumption spending contributed to more than two-thirds of the...