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In May, Australia’s trade balance deficit widened to A $ 2.22 billion, against $ A1.79 billion in April, said the Australian Bureau of Statistics, while analysts had expected that it will be $ A1.7 billion. Exports rose by 1.0% and imports – by 2.0%. Retail sales gained 0.2% in May, while economists were expecting 0.3% gain. Meanwhile, April’s increase was revised down to 0.1% from 0.2%.
Bank reduced the fixed income for 30 traders in the New York division, reliable sources claim. We remind you that the securities division has already been reduced in May and earlier in June were fired another 100 employees in New York. Banks have begun downsizing as a result of failure of the first half year. Especially disappointing was the first quarter. Managing Director of Goldman Sachs high-yield loans division, Erik Kramer, has decided to leave the bank. In addition, this week it became known that Joseph Mauro, head of fixed income division,…
As it became known on Friday, consumer prices fell in May the maximum rates since 2013, nullifying the efforts to revitalize the central bank inflation. Core consumer prices, not taking into account food products, fell by 0.4% in May, compared to the previous year, confounding economists’ expectations. Business sentiment, meanwhile, remained unchanged. However, this survey was conducted before the referendum in the UK. The Japanese yen continues to rise, as investors flee to “safe haven”, after the decision of the UK to leave the EU. The dollar / yen was…
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Analysts TDS believe that after the results of the referendum in the UK the Bank of England will cut interest rates to zero: “We expect that the UK will enter a short and shallow recession like as increased uncertainty from the victory in the referendum on the exit from the EU will have an impact on the demand for both households and firms. While the exchange rate will help to neutralize part by weakening exports, this gain will be limited. Inflation will rise to above 3% y / y by…
World stocks climbed for the first time in four days on Tuesday and a weaker dollar helped oil prices gain too, as investors fine-tuned their expectations for monetary policy meetings in the United States and Japan. European shares also benefited from a less-bad-than-expected 80 percent first quarter profit fall and an unchanged dividend from BP (BP.L), as well as encouraging results from UPM (UPM1V.HE). With the quarterly earnings season in full swing, investors were awaiting an update from the world’s biggest company, Apple (AAPL.O). The pan-European FTSEurofirst 300.FTEU3 stock index…
Pound is going up rapidly against the background of rising oil prices, which led to the weakening of the dollar. This situation affected workers in Kuwait – due to the reduction of salaries and social benefits. As a result, oil production in Kuwait declined from 2.8 million barrels per day to 1.1 million barrels. The market has already played this news and oil prices gradually go down, and a barrel of Brent crude has given less than 43 dollars. Now, however, much will depend on how long the strike will…
It seems that investors have found an asset that disperse up in the hope of establishing a stable uptrend. The extreme degree of uncertainty that the Fed continues to produce their intricate operations against raising rates is stored for over a year. This led to the fact that all segments of the global financial market was not a single trend movement. In general, all assets moved erratically, sideways. But here there is a real opportunity to disperse the oil prices, taking advantage of the low base effect, which was formed…
Among all the different partner programs in the world, there’s one forex affiliate program that stands out from the rest. The one called “forex-affiliate“, which is the easy-forex and easyMarkets affiliate network. Maybe it’s because they were one of the first online forex brokers that they had the time to make their forex partner program so unique, to get all the insights, the statistics, the dynamics and possibilities correct. Easy to use, easy to set up, and they’re even available on skype to further be in easy communication. They offer…
Most of the major currencies were little-changed in overnight trade as investors waited for the much-anticipated monetary policy announcement from the Federal Reserve before committing to a firm directional bias. The Japanese Yen edged lower as prices corrected having put in the largest advance in the week following yesterday’s BOJ rate decision. The rate-setting FOMC committee is widely expected to pass on changing policy this time around. Fed Funds futures imply a 94.2 percent probability of staying within the current 25-50 basis point range for the benchmark lending rate. This…