
Currency snapshot (major pairs)
Jun 08, 2017 12:40 pm UTC| Commentary
Dollar index trading at 96.95 (+0.26%) Strength meter (today so far) Euro -0.24%, Franc -0.22%, Yen -0.20%, GBP -0.17% Strength meter (since last week) Euro -0.45%, Franc -0.55%, Yen +0.20%, GBP +0.43% EUR/USD...
ECB Monetary Policy: No more rate cuts as reference to further cuts stopped
Jun 08, 2017 12:16 pm UTC| Commentary Central Banks
The European Central Bank (ECB) kept monetary policy unchanged at its todays meeting in Estonia. More importantly, it has removed a reference to further rate cuts. While the central bank kept its deposit rate at the record...
Jun 08, 2017 11:55 am UTC| Commentary
Today, the United Kingdom is holding its much-anticipated snap general election and the result would start appearing from 11 GMT onwards. In this article, we would discuss short-term trends, key support resistances, and...
FxWirePro: What to expect from ECB ahead?
Jun 08, 2017 10:59 am UTC| Commentary Central Banks
Today European Central Bank (ECB) is to provide further guidance in policy meet. Result to be announced at 11:45 GMT, followed by the press conference at 12:30 GMT. The meeting is to be held in Tallinn,...

FxWirePro: Leaked inflation forecast triggered euro gyrations
Jun 08, 2017 10:22 am UTC| Commentary
Last night saw big gyrations in the euro/dollar exchange rate, when in a matter of 15 minutes, without any particular event or data, the euro declined more than 50 pips against the dollar. At 5:15 Easter hours, the euro...

Australia trade balance sharply falls in April, driven by decline in resource exports
Jun 08, 2017 10:14 am UTC| Commentary Economy
Australias trade balance narrowed sharply in April, down to AUD555 million from an upwardly revised AUD3.2 billion the previous month. This surprising weakness in the trade balance was almost entirely driven by a sharp...
Global Geo-political Series: Trump offers to mediate for solution in call to Qatar’s emir
Jun 08, 2017 09:06 am UTC| Commentary
The US President Donald Trump, who called for unity in the Gulf but sided with Saudi Arabia in his tweets has called the Emir of Qatar and has offered to mediate for a diplomatic solution to resolve the ongoing issue. A...