Forex News
NAB Online Retail Sales Index – May 2014
In the 12 months to May 2014, Australians spent $15.3 billion on online retail. This level is equivalent to 6.6% of spending at
Bundesbank Nagel: Cautions On Risk Mispricing As Bond Yields Drop
Bundesbank Board member Joachim Nagel Tuesday cautioned of an emerging mispricing of risk as Eurozone government bond yields approach pre-crisis levels.
Sweden: Manufacturing PMI stronger than expected
The June PMI report for the manufacturing industry was strong and better than expected.
RBA Board Meeting – July 2014
The decision to leave the cash rate unchanged at 2½% at the July RBA Board meeting was universally expected.
RBA Keeps Rate Unchanged; AUD Offering Less Help In Rebalancing
The Reserve Bank of Australia left its cash rate unchanged on Tuesday as widely expected and
Fed Williams: FOMC Will Not Raise Rates “For Some Time”
The U.S. central bank won’t raise rates “for some time” but it is moving toward a more normalized monetary policy, San Francisco Federal Reserve Bank President John Williams said Monday.
Euro area inflation – Steady as she goes
Euro area inflation remained on a low level in June, just as we expected. Flash headline inflation printed at 0.5% y/y in line
Retail sales fell in May
Retail sale dropped 0,9 % m/m in May, fairly in line with our estimate of a 0,7 % drop. Consensus was -0,3 %.
Private Sector Credit – May 2014
Annual credit growth is running at the highest level since March 2009. Annual growth has stepped up from 3.0% to 4.7%over the past year.
BOE Dep Gov Bean Sees Rates At 2.5% To 3% in Medium Term
Bank of England Deputy Governor Charles Bean, who steps down from his position on Monday,
Norway: Stronger than expected labour market
Seasonally adjusted unemployment moved about sideways. Stronger than expected
Beware The Trade Lags
NZ’s May trade statistics were another strong set of figures. This is a continuation of recent results with familiar themes, namely: