FxWirePro: GBP/USD short trade stop loss triggered; in for rally above 1.3
Jan 25, 2017 11:00 am UTC| Commentary
In the previous call article, named, FxWirePro: Excellent 1:8 risk-reward opportunity in GBP/USD shorts, we recommended going short in the pound for a big risk-reward, with the stop loss around 1.255 and target around...
FxWirePro: Copper short call stopped out over supply fear
Jan 25, 2017 10:17 am UTC| Commentary
Our previous two short calls, one short term, and one medium-term were stopped out as the market fears a lack of supply in 2017 in the market. We recommended going short in copper at $2.5 and at rallies and at $2.65 per...
UK gilts sink ahead of BoE Governor Carney’s speech, Q4 GDP data in focus
Jan 25, 2017 10:09 am UTC| Commentary
The UK gilts sunk Wednesday ahead of the Bank of England (BoE) Governor Mark Carneys speech later in the day. Also, investors are now curiously eyeing the fourth quarter gross domestic product (GDP), scheduled to be...
Swedish 5-year inflation expectations rise above 2 pct in January
Jan 25, 2017 10:08 am UTC| Commentary
The upward trend in Swedens inflation expectations from 2015 and 2016 was extended in January, according to the Prosperas monthly survey. Inflation expectations, on all horizons, rose slightly. Furthermore, the five year...
SARB keeps key rate on hold at 7 pct, expects inflation to reach target corridor by 2017-end
Jan 25, 2017 09:28 am UTC| Commentary Central Banks
As expected, the South African Reserve Bank kept its key rate unchanged during its meeting yesterday. The committee unanimously decided to leave the interest rate at 7 percent. But the central bank did raise its projection...
South Korean economic growth decelerates in Q4 2016, to remain firm in 2017
Jan 25, 2017 09:27 am UTC| Commentary
South Koreas economic growth slowed in the December quarter of 2016 on a year-on-year basis. The fourth quarter GDP grew 2.3 percent year-on-year, a deceleration from third quarters 2.6 percent growth. Seasonally adjusted,...
USD/JPY likely to breach 130 level by end of 2017
Jan 25, 2017 09:15 am UTC| Economy Commentary
The Bank of Japan (BoJ) in its November 1 monetary policy meeting mentioned its optimism over the growth of the economy, with a moderate rate of recovery observed in the global demand. The central bank is expected to...
U.S. Appeals Court Allows Trump Administration to Enforce Medicaid Funding Ban on Planned Parenthood