Archive for May 29th, 2015

Foreign Exchange Insights and Next Week

Next Week

May 29, 2015

Holidays:  Queen’s Birthday in New Zealand (Monday) and Republic Day in Italy (Tuesday). Special Events:  OPEC meeting in Vienna, release of OECD Outlook, and Greek debt payment to IMF, all on Wednesday. Central Bank Watch:  Policy meetings are scheduled at the Reserve Bank of Australia, Reserve Bank of India, European Central Bank, Bank of England, […] More

Deeper Analysis

North American GDP Contracted Last Quarter

May 29, 2015

U.S. and Canadian real GDP declined at similar annualized rates of 0.7% and 0.6% in the first quarter.  Those were the first contractions in four quarters in the U.S. instance and in 19 quarters in Canada’s case.  U.S. nominal GDP fell 0.9%, and the personal consumption price deflator registered an on-year uptick of only 0.3%, […] More

New Overnight Developments Abroad - Daily Update

Many GDP Reports on Final Business Day of May

May 29, 2015

Investors await U.S. and Canadian national income account statistics. First-quarter GDP figures have already been released in many other economies. Swiss GDP fell 0.2% on quarter and slowed to a 1.1% on-year pace from 1.9%.  The result fell short of expectations. Italian GDP rose 0.3% on quarter and 0.1% on year — weak but at […] More