Employment increased by 74,000 in September, nearly all in full-time work. This pushed the unemployment rate down 0.2 percentage points to 6.8%, the lowest since December 2008. In the 12 months to September, employment grew by an average of 13,000 per month, for a total increase of 150,000 (+0.8%…
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Canada Labour Force Survey: September 2014
Gold has been in bullish correction this week. This is mainly due to a correction against USD-strength across the board. However as we will see, the downtrend is still in play, and this week’s price action has been only a little nudge that has not thrown the bearish outlooks off track. Key Levels: …
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What to Make of this Bullish Correction in Gold (XAU/USD)
Gold has been in bullish correction this week. This is mainly due to a correction against USD-strength across the board. However as we will see, the downtrend is still in play, and this week’s price action has been only a little nudge that has not thrown the bearish outlooks off track. Key Levels: …
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What to Make of this Bullish Correction in Gold (XAU/USD)
Federal Reserve officials are hunting for new tactics to raise price increases to their target as slowing global growth, cheaper commodities and flat wages sound warnings that inflation is descending toward the danger zone. The Fed needs a clear strategy for getting the inflation rate higher aft…
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Fed Aim Off Target as Inflation Descends Near Danger Zone
Federal Reserve officials are hunting for new tactics to raise price increases to their target as slowing global growth, cheaper commodities and flat wages sound warnings that inflation is descending toward the danger zone. The Fed needs a clear strategy for getting the inflation rate higher aft…
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Fed Aim Off Target as Inflation Descends Near Danger Zone
The Bank of England was ready to flood the financial markets with millions of pounds of emergency funding if Scotland had voted to break away from the UK in last month’s referendum. Outlining the contingency plan that would have been rolled out in the event of a yes vote, the Bank of England was …
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Bank of England reveals emergency measures if Scotland had voted yes
The Bank of England was ready to flood the financial markets with millions of pounds of emergency funding if Scotland had voted to break away from the UK in last month’s referendum. Outlining the contingency plan that would have been rolled out in the event of a yes vote, the Bank of England was …
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Bank of England reveals emergency measures if Scotland had voted yes
Trading volumes on currency platforms run by Thomson Reuters surged by a third year-on-year to more than $400 billion a day in September, the first month to reflect fully a recovery in market volatility fuelled by politics and a dollar rally. Volatility, which tends to drive volumes higher by inc…
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Thomson Reuters FX volumes jump in September
Canada’s employment is expected to have rebounded in September following an unexpectedly weak reading in August, when the private sector shed a record 111,800 jobs. It is no wonder analysts expect at least a partial recovery in September, especially in the private sector, however, by most account…
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Canada Preview: Priv Sector Jobs Rebound, Stable Particip Rate
Given the recent performance of GBP/USD the forex markets seem to be veering towards the US raising interest rates first, but there’s still a chance that the Bank of England could pip the US Federal Reserve to the post. If the UK does go first, or is seen to do so, it would suggest that GBP has b…
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Who will raise interest rates first – the US or UK?
Britain’s anti-EU UK Independence Party won its first elected seat in parliament on Friday by a huge margin and came a close second in another vote, proving it poses a threat to the country’s two main parties in a national election next year. UKIP, which wants a British EU withdrawal and strict …
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UKIP wins first parliament seat in landslide victory
The Conference Board Leading Economic Index® (LEI) for the U.K. increased 0.4 percent, and The Conference Board Coincident Economic Index® (CEI) increased 0.2 percent in August. …
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Conference Board: UK Leading Economic Index
British construction fell sharply in August, adding to signs of a slowdown in other areas of the economy, official figures showed on Friday. Separate figures showed Britain’s goods trade deficit narrowed in August as exports fell more sharply than imports. Construction output slid a monthly …
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UK construction output slumps in August, lower imports help trade gap
In the United Kingdom, there had been intense focus on the referendum on Scottish independence. The Committee had discussed and received briefings on the possible financial stability risks associated with the Scottish referendum and associated contingency planning by the Bank in June, July and…
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Record of the Bank of England Financial Policy Committee
•In August 2014, output in the construction industry was estimated to have fallen by 3.9% compared with July 2014. Users should note that the revision to July 2014, in this release, from (0% to 1.9%) has had an impact on the month-on-month contraction in growth. …
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Output in the UK Construction Industry, August 2014
•Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £1.9 billion in August 2014, compared with £3.1 billion in July 2014. …
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UK Trade, August 2014
Bernard Madoff sent an email earlier this week from prison to try and win leniency for two of his former employees, who face sentencing next month. …
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Madoff emails from prison to defend 2 former employees
Advocates of a global infrastructure push foresee hundreds of billions of dollars of efficiently managed projects springing up across developed and developing nations alike, putting the unemployed to work while paving the way for stronger economic growth in the future. But the effort could well …
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With global economy stuttering, governments urged to open purse
forecasts will be reduced next week to 1.25% from 1.8% and 2.0% respectively More dismal news out of Germany econ ministry says outlook for exports remains “very restrained” in coming months robust jobs market, rising incomes and stable prices mean private consumption will remain a po…
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German govt to cut GDP forecasts for 2014 and 2015
In August 2014, manufacturing output went down slightly (–0.2%), after being more or less stable in July (–0.1%). Output remained stable in industrial production as a whole, after an increase of 0.3% in July 2014. Manufacturing output remained almost stable over the last three months (–0.1%)… Du…
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France: In August 2014, manufacturing output decreased slightly (–0.2%)
