FxWirePro: Asian markets marginally higher, gold touches $1,417 mark

Jul 23, 2019 04:33 am UTC| Commentary

All the major Asian indices were trading on a higher note on Tuesday. Gold was trading around $1,417 mark while silver was trading around $16.19 mark. Japans Nikkei was trading 1.12 pct higher at 21,657.55...

Central Bank of Russia likely to cut policy rate by 25 bps in July

Jul 22, 2019 19:31 pm UTC| Commentary

The Central Bank of Russia is set to meet this week for its policy rate decision. According to a Barclays research report, the central bank is expected to cut its key rate by 25 basis points. Inflation has continued to...

Brazilian inflation likely to remain below target rate for 2019-2020, BCB to cut rates by 75 bps in 2019

Jul 22, 2019 19:03 pm UTC| Commentary

Brazilian consumer inflation began 2019 under significantly more pressure than in 2018, with prices rising 2.2 percent in the initial five months of the year, as compared with 1.3 percent in the same period last year,...

Singaporean headline inflation likely to have remained stable in June

Jul 22, 2019 18:22 pm UTC| Commentary

Singaporean June inflation data is set to release tomorrow. According to a DBS Bank research report, the headline consumer price inflation is likely to have remained stable at 0.9 percent year-on-year, unchanged from Mays...

U.S. existing home sales growth likely to rebound in months ahead

Jul 22, 2019 14:21 pm UTC| Commentary

U.S. existing home sales had recovered to a three-month high in May, driven by lower mortgages rates and ongoing labor market strength. Mortgages rates below 4 percent have created attractive purchasing conditions, yet the...

Singaporean full year growth forecast likely to be revised down, disinflationary pressures to persist

Jul 22, 2019 13:33 pm UTC| Commentary

The Ministry of Trade and Industry of Singapore affirmed during the weekend that the nations full year growth is expected to be downwardly revised again. In the second quarter, the Singaporean economy barely expanded,...

Fundamentals to watch out for this week

Jul 22, 2019 12:45 pm UTC| Commentary Central Banks

In terms of volatility risks, this week is heavy with the focus on central banks and geopolitics, What to watch for over the coming days: Central Banks: European Central Bank (ECB) will release a lending survey...