U.S. Treasuries gain ahead of FOMC members’ speeches, initial jobless claims
May 30, 2017 11:17 am UTC| Commentary Economy
The U.S. Treasuries gained ahead of the Federal Open Market Committee (FOMC) member Brainards speech, due to be held later today and Kaplans speech, scheduled for May 31. Also, the initial jobless claims, due to be...
FxWirePro: Copper bull call canceled; bearish outlook preferred
May 30, 2017 10:59 am UTC| Commentary
Back in February this year, after our short call in the copper was stopped out thanks to speculative expectations of higher infrastructure spending in the United States leading to higher demand for copper, we changed our...
Suggestions of snap election get louder in Italy
May 30, 2017 10:27 am UTC| Commentary
The path for a snap election in Italy is clearing up as political parties are closing in on an electoral deal that would open up the path for a snap election. Italys biggest parties are considering a proportional system...

RBI likely to leave policy rate unchanged at 6.25 pct at next policy meeting, says Commerzbank
May 30, 2017 10:04 am UTC| Commentary Central Banks Economy
After the Reserve Bank of India (RBI) shifted to a neutral stance from accommodative in February, the market began to contemplate the idea that the next RBI move could be a hike. Since February however, inflation has...

FxWirePro: Gold breakout looms ahead
May 30, 2017 09:59 am UTC| Commentary
A big breakout for the yellow metal looms ahead and until that happens, we suspect that the gold price would continue to consolidate within the range defined the by the upward bullish trend line and the downward bearish...

FxWirePro Call Review: Maintain USD/JPY short; stop loss recommended
May 30, 2017 08:50 am UTC| Commentary
At the beginning of this month, when the yen was weakening after the outcome of the French Presidential election, we recommended going long on the yen against the dollar in an article named, FxWirePro: Buy yen at dips...

Australian consumer confidence rises for second straight week, likely to improve further
May 30, 2017 08:47 am UTC| Commentary Economy
Australias Consumer confidence increased for the second straight week, up 1.5 percent to 112.2, bringing the index back to levels before the Commonwealth Budget. The improvement in confidence was mixed; sentiment towards...