INR likely to trade with a weakening bias in January ahead of Union Budget, says Scotiabank

Jan 10, 2017 09:00 am UTC| Economy Commentary

The INR is expected to trade with a weakening bias this month given ongoing portfolio outflows, ahead of the presentation of Union Budget FY2017-18 on 1 February and the RBIs next MPC meeting scheduled for 7-8 February,...

Oil in Global Economy Series

FxWirePro: Oil shows signs of larger correction below $50 per barrel

Jan 10, 2017 08:38 am UTC| Commentary

Despite the OPEC and N-OPEC deals last year, the oil price is struggling to sustain the rally triggered by them as the market remains concerned of both the compliance to the deal as well as increased supply from non-OPEC...

Fed Hike Aftermath Series

Fed Hike Aftermath Series: Reanalyzing December projections for hikes clue

Jan 10, 2017 08:07 am UTC| Commentary Central Banks

According to December Projections, the Federal Reserve policymakers expect the Federal funds rate to be 1.4 percent in 2017, which is approximately 75 basis points higher than the current rate and implies three 25 basis...

Briferendum Aftermath Series

Briferendum Aftermath Series: Theresa May denies commitment to hard Brexit

Jan 10, 2017 07:39 am UTC| Commentary

As the pound declined sharply over the past two trading days over the fear that Prime Minister Theresa Mays government might be preparing for a hard Brexit, Ms. May denied such allegations. Speaking to reporters after a...

Chinese 10-year bond yields at 2-week low as consumer inflation growth slows in December

Jan 10, 2017 07:25 am UTC| Commentary

The Chinese 10-year bond yields dropped to lowest in two weeks Tuesday after latest data showed that the countrys April consumer-inflation rate came in below market expectations. Also, rising speculations that the economic...

U.K. manufacturing output likely to have bounced 0.7 pct in November, says Societe Generale

Jan 10, 2017 07:15 am UTC| Commentary

The U.K. manufacturing output is likely to have recovered in November. The recent business surveys have continually surprised with the strength of the output and orders balances, noted Societe Generale in a research...

FxWirePro Poll: Subdued inflation and negative demonetisation effect to pressurize RBI for rate cut in February

Jan 10, 2017 07:11 am UTC| Central Banks Commentary Economy Insights & Views

Indias inflation continued to remain subdued during the month of November, exerting deeper pressure on the Reserve Bank of India (RBI) to undertake easing policy in the next 2-day bi-monthly monetary policy scheduled to be...