Global Geo-political Series: Washington leaks trigger diplomatic row with UK
May 24, 2017 10:35 am UTC| Commentary
The current administration in the United States has long been complaining of leakers within the intelligence community and the administration as they were disclosing selective classified information to the US media in...
UK gilts gain on safe-haven demand after PM May warns of 'critical' threat
May 24, 2017 10:14 am UTC| Commentary Economy
The UK gilts gained Wednesday as investors poured into safe-haven instruments after Prime Minister Theresa May, commented, post the terrorist attack in Manchester, that the level of threat has become critical. Also,...
Oil in Global Economy Series: Will Libya and Nigeria join OPEC deal?
May 24, 2017 09:14 am UTC| Commentary
When the OPEC deal was first struck in last November, two countries, Libya and Nigeria were granted exemption from the deal. There are some speculations running in the market that these two countries might be called upon...
German bunds gain ahead of ECB President Draghi’s speech
May 24, 2017 09:01 am UTC| Commentary Economy
The German bunds gained on Wednesday as investors wait to watch the European Central Bank (ECB) President Mario Draghis speech, scheduled to be held later in the day. However, prior, to that, the market is now reacting to...
May 24, 2017 08:13 am UTC| Commentary
Tomorrow OPEC ministers are set to meet at their Vienna headquarter in order to decide the fate of the current OPEC deal that is aimed at removing as much as 1.76 million barrels of crude oil from the market. Here, we are...
EUR/HUF likely to rise to 315.00 by end of this year, says Commerzbank
May 24, 2017 08:11 am UTC| Commentary Economy
The EUR/HUF currency pair is expected to rise to a level of 315.00 by the end of this year after the Magyar Nemzeti Bank (MNB) left all monetary policy parameters on hold yesterday as markets had anticipated. The statement...
May 24, 2017 07:38 am UTC| Commentary
With just a day to go to the much anticipated OPEC meeting, the oil market is quite upbeat. WTI is currently trading at $51.6 per barrels and Brent at $2.8 per barrel premium. Tomorrow OPEC ministers are set to meet at...