U.S. Treasuries rise modestly ahead of Q3 GDP data

Dec 21, 2016 12:04 pm UTC| Commentary

The U.S. Treasuries traded modestly firmer Wednesday as markets now await existing home sales data, durable goods orders and final third-quarter GDP releases on Thursday in advance of the long Christmas holiday...

FxWirePro: Sell copper at correction targeting $2.15 per pound

Dec 21, 2016 11:54 am UTC| Commentary

After aremarkable performance in November, the copper rally faded in December. Copper rose from $2.23 per pound on the first of November to $2.75 per pound on 28th; but after this rally the copper declined as the stronger...

FxWirePro: How high Nikkei likely to rally?

Dec 21, 2016 11:11 am UTC| Commentary

Since Donald Trump was elected as the next President of the United States in November, the Japanese yen has lost more than 11 percent of its value against the dollar and that has led to the reversal in Japanese benchmark...

Subdued aircraft orders likely to have weighed on U.S. durable goods orders growth in November

Dec 21, 2016 10:50 am UTC| Commentary

Subdued aircraft orders in November are expected to have been a drag on U.S. durable goods orders in the month. In October, aircraft orders had stimulated the headline durables print. In November, Boeing has recorded just...

Italy’s wage inflation remains flat sequentially in November

Dec 21, 2016 10:21 am UTC| Commentary

Italys hourly index rose in November. The countrys wage inflation accelerated 0.1 percent on a sequential basis and 0.5 percent on a year-on-year basis, according to Italys official statistics office Istat. In October,...

Thailand auto sales fall in November, Federation of Thai Industries forecasts rise in 2017

Dec 21, 2016 10:07 am UTC| Commentary Economy

Vehicle sales in Thailand fell during the month of November due to the high base effect last year as consumers rushed to buy cars before tax changes. However, the Federation of Thai Industries (FTI) has forecasted a rise...

Riksbank maintains policy rate at -0.5 pct, extends QE program

Dec 21, 2016 10:04 am UTC| Commentary Central Banks

The Swedish central bank, Riksbank, kept its policy rate on hold at -0.5 percent today during its meeting. However, the central bank extended its QE program by SEK 15 billion in nominal government bonds and by equally much...