Fed Hike aftermath Series: Hike probabilities over next 12 months

Apr 23, 2018 05:04 am UTC| Commentary Central Banks

FOMC increased interest rates again in March and maintained its forecast for three rate hikes in 2018. FOMC also forecasted a faster pace of hikes next year than previously forecasted. March decision was unanimous. Current...

FxWirePro: The Day Ahead- 23rd April 2018

Apr 23, 2018 04:25 am UTC| Commentary Central Banks

Not many economic data and events scheduled for today, and all with low to medium volatility risks associated. Data released so far: Japan: Nikkei manufacturing PMI rose to 53.3 in April, according to flash...

Australian 10-year bond yield hits 2-month high, tracking weakness in U.S. Treasuries

Apr 23, 2018 02:59 am UTC| Commentary Economy

Australian bonds slumped across the board on the first day of the trading weekMondayfollowing weakness in the U.S. Treasuries, where the latters 10-year yields rose to highest since January 2014. The yield on Australias...

Euro area flash consumer sentiment index rises in April

Apr 20, 2018 20:52 pm UTC| Commentary Economy

Consumer confidence in the euro area rose at the beginning of the second quarter. Most euro area economic sentiment surveys followed a downward trend in the first few months of this year. Indeed, in January having reached...

U.S. housing likely to be a drag on Q1 2018, to contribute positively to economy in 2018

Apr 20, 2018 19:29 pm UTC| Commentary

Contract signings in the U.S. rose 3 percent in February, which almost reversed a 3.2 percent decline in January. Single-family sales were the sole reason for the rise in February. Sales had increased in the South and...

Canadian retail sales rise in February, consumer spending likely to contribute to economic growth in 2018

Apr 20, 2018 16:27 pm UTC| Commentary

Canadas retail sales grew in the month of February. Sales were up 0.4 percent. The rise was almost entirely because of volumes, which rose 0.3 percent. But volumes were downwardly revised markedly in the prior three...

Commodities snapshot (precious & industrial)

Apr 20, 2018 15:04 pm UTC| Commentary

The metal pack is mixed today. The performance this week at a glance in chart table - Gold: Gold declined as risk aversion eased and as the dollar recovers. Todays range $1347-1334 Gold is currently trading at...