FxWirePro: Russian negotiation in OPEC politics to stimulate WTI price rallies ahead of EIA’s inventory check

Oct 19, 2016 11:16 am UTC| Commentary Insights & Views

The crude oil market has been steady from thelast couple of weeks, WTI futures for November delivery on the NYME rose 1.03% to $50.81 a barrel, with front-month Brent futures almost unchanged from last Friday at $52/bbl....

U.K. unemployment rate remains unchanged in August, average earnings increase

Oct 19, 2016 10:53 am UTC| Commentary Economy

The rate of unemployment in the United Kingdom remained unchanged during the month of August, although the average earnings increased in the year to August. The rise in earnings have been modest in recent years, but this...

Oil in Global Economy Series

Oil in Global Economy Series: Will OPEC micro-manage oil price?

Oct 19, 2016 10:31 am UTC| Commentary

OPEC members, who surprisingly agreed to the formation of a first major producers deal in decades in September might be planning to micro-manage the oil price. Though the concept makes perfect sense, it is not, however,...

Euroarea construction output declines in August

Oct 19, 2016 10:26 am UTC| Commentary

Seasonally adjusted construction sector production in the euro area dropped 0.9 percent sequentially in August 2016 from Julys print of a rise of 1.8 percent, according to Eurostat. On a year-on-year basis, production in...

Hungary’s wage growth accelerates in August

Oct 19, 2016 10:00 am UTC| Commentary

Hungarian wage growth accelerated in August. Gross wages rose 6.9 percent year-on-year in the month, whereas net wages rose 8.5 percent, owing to the personal income tax change at the start of 2016. In the public sector,...

US Election Series

Why Donald Trump’s win likely to push dollar higher?

Oct 19, 2016 09:57 am UTC| Commentary Economy Politics

The Republican candidate Donald Trumps win might prove decisive for the dollar and that is in many ways. Some are too direct and the other are more elusive and indirect. There could be shortages of the dollar in the global...

South Africa consumer inflation breaches central bank’s target band in September

Oct 19, 2016 09:42 am UTC| Commentary Economy Central Banks

Consumer price inflation in South Africa breached the central banks target band during the month of September, accelerating above the upper end of the target band. However, it remained less than what markets had initially...