U.S. Government bonds open on weak note in 2017, trend likely to continue on Fed rate hike optimism

Jan 03, 2017 12:19 pm UTC| Commentary

The U.S. Treasuries started 2017 on a weaker note Tuesday as investors moved away from safe-haven buying on expectations of three rate hikes from the Federal Reserve. The yield on the benchmark 10-year Treasury note...

FxWirePro: Buy DAX, sell 10-year bund

Jan 03, 2017 12:11 pm UTC| Commentary

We at FxWirePro, have been short in the 10-year bund at 162.5, with targets at 159 (reached), 153, and 151 and in the latest article on 10-year bund post-ECB stimulus, we recommended maintaining the short side outlook to...

Oil in Global Economy Series

Oil in Global Economy Series: Key factors to watch out in 2017

Jan 03, 2017 11:37 am UTC| Commentary

While 2016 was the year of the OPEC for theoil market, there are several factors beyond OPEC which would have aprofound impact on the oil market and the oil price. Below are the key factors that would be decisive- US...

Central Banking Series

Bundesbank likely to become more critical of ECB after regional inflation reading

Jan 03, 2017 10:36 am UTC| Commentary Economy

German Bundesbank Jens Weidman, who has already called for the policymakers at the European Central Bank (ECB) to be brave and be not afraid to hike rates when thesituation demands so, likely to step up his criticism of...

Oil in Global Economy Series

Oil in Global Economy Series: Key developments in Libya

Jan 03, 2017 10:13 am UTC| Commentary

Two countries, Libya and Nigeria have been exempted from the OPEC oil deal, which would see the production from the cartel decline by 1.2 million barrels per day beginning this month. So, it is important to watch the...

UK gilts slump on upbeat December manufacturing PMI, construction PMI in focus

Jan 03, 2017 09:42 am UTC| Commentary

The UK gilts slumped Tuesday as recent data showed that the countrys manufacturing PMI rose to highest since June 2014 in December. The yield on the benchmark 10-year gilts, which moves inversely to its price, rose 7...

Central Banking Series

Digital Currency Revolution

FxWirePro: Convergence and divergence between FED rate hikes, Currency devaluation and evolution (bitcoin)

Jan 03, 2017 09:40 am UTC| Digital Currency Commentary

The Feds assertive tightening projections (hinted 3 hikes in 2017) plus US fiscal expansion should maintain upside pressure on US interest rates and the US dollar. As was widely expected, the FOMC raised the target...