
FxWirePro: Gold tests key trend changing level
May 04, 2017 10:45 am UTC| Commentary
Since the French election round one, where the pro-EU candidate Emmanuel Macron came in the first place and closer to becoming the President of France, gold has suffered a major blow as the demand for safe haven assets...
BoJ likely to maintain QQE, YCC over the coming months: Scotiabank
May 04, 2017 10:17 am UTC| Commentary Central Banks Economy
The Bank of Japan (BoJ) will likely maintain its current monetary policy framework of Quantitative and Qualitative Monetary Easing with Yield Curve Control over the coming months, with the short-term policy rate and the...
Brexit Series: Theresa May accuses EU of meddling in UK election
May 04, 2017 09:45 am UTC| Commentary
Speaking at the Prime Ministers residence at 10 Downing Street, the UK Prime Minister Theresa May announced her visit to her Majesty the Queen and informed of the end of the 2015 parliament. She also presented the case for...

Eurozone composite PMI rises in April as business activity expands for 46 straight months
May 04, 2017 08:23 am UTC| Commentary Economy
Euro area economic growth accelerated to a 6-year high at the start of the second quarter. This was signalled by the final Markit Eurozone PMI Composite Output Index rising to 56.8 in April, up from 56.4 in March and the...
Fed Hike Aftermath Series: Hike odds jump after FOMC
May 04, 2017 07:40 am UTC| Commentary Central Banks
The US Federal Reserve maintained the current policy rate at yesterdays meeting, however, the statement was far more hawkish than expected. FOMC shrugged off the weakness in Growth in the first quarter as transitory. Lets...
FOMC monetary policy May 2017: Assessing future bias
May 04, 2017 07:27 am UTC| Commentary Central Banks
As expected, the policymakers at FOMC kept policy rates unchanged yesterday. Lets take a look at the FOMC statement for future clues. Current Federal funds rate target 75-100 basis points. Lets first assess the bias in...

FxWirePro: Iron ore suffers big selloffs in China
May 04, 2017 07:09 am UTC| Commentary
After a short recovery since mid-April when the iron price reached as low as $61 per ton (CME), the most important ingredient for steelmaking suffered another blow in China today. In Chinas Dalian Commodity Exchange the...