Optimistic Algeria deal will be implemented, says Saudi OilMin Al Falih
Nov 17, 2016 15:52 pm UTC| Commentary
Saudi Oil Mininister Al Falih said earlier on Thursday that he is optimistic Algeria deal will be implemented. He said that the agreement on oil output cut will be reached at the Vienna meeting likely to be held later this...
Eurozone inflation confirmed at 0.5 pct y/y in October, driven by expensive services
Nov 17, 2016 15:08 pm UTC| Commentary
Data released by the European Unions statistical office Eurostat on Tursday showed that Euro zone consumer price growth accelerated slightly in October as expected. Euro zone inflation in October was confirmed its earlier...

PWRTrade market expert on Trump’s First Presidential Week
Nov 17, 2016 15:05 pm UTC| Commentary Economy
PWRTrade: Trumps First Week Sends Markets Higher Financial markets around the world might actually welcome the idea of an economically conservative American president, even if his particular brand of conservatism comes...
Bank of Japan announces surprise bond-buying plan to temper rising yields
Nov 17, 2016 15:00 pm UTC| Commentary
Bank of Japan on Thursday announced its plan to buy an unlimited amount of Japanese government bonds at fixed rates for the first time since the introduction of a new policy framework. The move took market participants by...
Modest fiscal stimulus likely from UK government at autumn statement next week
Nov 17, 2016 14:38 pm UTC| Commentary
UK government is also expected to announce a modest fiscal stimulus at next weeks autumn statement which is likely to offer limited support for the pound. UK Chancellor Philip Hammond is set to deliver his first Autumn...
FxWirePro: US inflation numbers amid inflation worries
Nov 17, 2016 12:55 pm UTC| Commentary Economy
Todays release of Consumer price index (CPI) numbers from the United States will be most watched data by traders and investors. CPI is scheduled to be released at 13:30 GMT. Todays CPI figure, if turns out to be very good...

Commodities snapshot (precious & industrial)
Nov 17, 2016 12:35 pm UTC| Commentary
Metal pack is mixed today. Performance this week at a glance in chart table - Gold: Gold is stabilizing around $1220 area. Today it is marginally higher as the dollar weakened. Todays range $1231-1224 We expect...