RBA likely to keep rates on hold this year as continuous rise in Australia’s house price remains a cause of concern

Jan 20, 2017 10:15 am UTC| Commentary

Australias house prices have reaccelerated towards the end of 2016 after decelerating through most of 2016. In Sydney and Melbourne, prices of house have risen by a cumulative 5.1 percent and 5.9 percent in the last three...

FxWirePro: U.S. 10-year Treasury yields likely to hit 3 pct in 2017

Jan 20, 2017 09:51 am UTC| Commentary

The Federal Open Market Committee increased the fed funds rate to a 0.50-0.75 percent range for the first time in 12 months, as widely expected. The statement noted that information received since the November meeting...

Iceland long-term ratings rise to 'A-' on stronger external position: S&P Global

Jan 20, 2017 09:08 am UTC| Economy Commentary

SP Global Ratings raised its long-term foreign and local currency sovereign credit ratings on the Republic of Iceland to A- from BBB+. Also, the credit rating agency affirmed the short-term ratings as A-2, while keeping...

German bunds trade range bound in subdued session; ECB maintains policy stance

Jan 20, 2017 08:56 am UTC| Commentary

[Corrected] The German bunds traded range bound in a subdued trading session Friday amid lack of major domestic events. Also, investors remain keen to watch the U.S. President-elect Donalds Trumps Inauguration Ceremony...

Briferendum Aftermath Series

Briferendum Aftermath Series: Key updates on Brexit from both sides of table

Jan 20, 2017 08:20 am UTC| Commentary

A lot happened over the past few weeks, with regard to Brexit. Here are the key highlights, British Prime Minister Theresa May, on Tuesday, outlined her governments Brexit vision. According to her, Britain will leave...

German producer price index rises year-on-year in December to highest level in four years

Jan 20, 2017 07:31 am UTC| Commentary

German producer price index rises in December. On a year-on-year basis, the index of producer prices for industrial products grew 1 percent, according to the Federal Statistical Office (Destatis). This was the highest...

Trade War Series

Sniffing a peg break Series: Koruna-Euro peg to end this year

Jan 20, 2017 07:27 am UTC| Commentary

Czech National Bank (CNB) chief confirmed the speculation that the Euro-Koruna peg would be abolished by the central bank in 2017. They prefer a time in the middle of the year but havent decided yet. CNB instituted the peg...