Euro area’s services business activity recovers in December, PMI index rise to four-month high

Jan 06, 2020 12:17 pm UTC| Commentary

Euro areas services business activity rebounded in December. The IHS Markit Eurozone PMI Services Business Activity Index rose to a four-month high of 52.8 from Novembers 51.9. All euro area countries covered by the survey...

U.K. services business activity stabilizes in December, PMI index rises to 50

Jan 06, 2020 11:18 am UTC| Commentary

The service providers in U.K. showed that business activity remained the same in December after a slight reduction in the prior month. The seasonally adjusted IHS Markit/CIPS U.K. Services PMI Business Activity Index rose...

German bunds jump tracking U.S. Treasuries after attack on Iranian military general

Jan 06, 2020 10:33 am UTC| Commentary Economy

The German bunds jumped during European session at the start of week Monday tracking a similar movement in the United States Treasuries after the U.S. killed a top Iranian military general Soleimani, which in turn, weighed...

EM Asian currencies likely to trade defensively now, advance when US-Iran tensions fade away: Scotiabank

Jan 06, 2020 07:23 am UTC| Commentary Economy

The EM Asian currencies is expected to trade defensively at the moment but to advance again when US-Iran tensions fade away, according to the latest research report from Scotiabank. Growing factory activity in the...

Digital Currency Revolution

Lines-up For Chamber of Digital Commerce, Ex-CFTC Chair & Crypto Dad Highlights

Jan 06, 2020 07:02 am UTC| Research & Analysis Digital Currency Insights & Views Commentary

Binance.US announces that the exchange has lined-up to associate with the Chamber of Digital Commerce as an Executive Committee member. The announcement has come in as they intend to bring education, advocacy, and...

Renminbi Series

Chinese yuan likely to advance moderately over coming weeks, says Scotiabank

Jan 06, 2020 06:18 am UTC| Commentary Economy

The Chinese yuan is expected to advance moderately in the coming weeks, catching up with recent gains in regional peers such as the KRW and TWD, according to the latest research report from Scotiabank. The Peoples Bank...

FxWirePro: Asian markets drastically down, gold touches $1,587 mark in opening hours

Jan 06, 2020 05:15 am UTC| Commentary

All the major Asian indices were trading on a lower note on Monday. Gold was trading around $1,575 mark while silver was trading around $18.42 mark. Japans Nikkei was trading 2.10 pct lower at 23,159.50...