Oil in Global Economy Series

Oil in Global Economy Series: Watch the contango and backwardation in oil market

Dec 09, 2016 10:00 am UTC| Commentary

One of the best ways to assess, whether the OPEC deal to cut oil production by 1.2 million barrels per day and non-OPEC countries commitment to cut production by 0.6 million barrels per day were effective in cutting down...

French industrial production falls in October, defying expectations of rise

Dec 09, 2016 09:43 am UTC| Commentary Economy

Industrial production in France unexpectedly fell during the month of October, defying expectations of a rise. It fell for the second month in a row as manufacturing output continued to decline and agricultural production...

Norwegian headline inflation slows down in November

Dec 09, 2016 09:41 am UTC| Commentary

Norways inflation came in much lower than projected in November, noted Nordea Bank in a research report. The consumer price inflation on a year-on-year basis came in at 3.5 percent and on a sequential basis it came at 0.2...

Australia’s housing finance grows in October, housing construction likely to fall in 2017

Dec 09, 2016 09:38 am UTC| Commentary

Australias housing finance was up again in October, mainly due to additional growth in investor borrowing. The total value of housing finance commitments was up in October, rising 0.6 percent month-on-month, following an...

German trade surplus eases in October, remains lower than market expectations

Dec 09, 2016 09:16 am UTC| Commentary Economy

Trade surplus in Germany eased during the month of October, remaining lower than what markets had initially anticipated. In October 2016, goods worth EUR101.5 billion were exported from Germany and goods worth EUR82.2...

FxWirePro: Reassessing Gold outlook

Dec 09, 2016 08:51 am UTC| Commentary

In our recent article at FxWirePro, we suspected that the yellow metal would correct to as low as $1155 per troy ounce. We use the word correct as we continue to believe that gold is in a bullish trend. We have been long...

South Korean bonds to witness little impact of President Park’s impeachment next week, FOMC to direct market movements

Dec 09, 2016 08:41 am UTC| Commentary

The South Korean debt market is expected to witness a minimal impact next week, following the impeachment of President Park Geun-hye by a majority two-third vote by the National Assembly. However, the Federal Reserves last...