FxWirePro: Dow maybe heading towards a test of 20000 area
Jul 22, 2016 10:48 am UTC| Commentary
Recent bullish sentiment in the market, which surprised many analysts and traders as it came in contrast to the popular belief that the out vote in the UK referendum would cause a financial havoc. Instead SP 500 and Dow...
FxWirePro medium term outlook: NZD/JPY short side risk-reward very lucrative
Jul 22, 2016 10:21 am UTC| Commentary
We, at FxWirePro, remains bullish on New Zealand dollar against the U.S. dollar and expect it to rise as much as 1000 pips from here. However, commentaries from the Reserve Bank of New Zealand (RBNZ) have somewhat tainted...
Briferendum Aftermath Series: Labour party election turns into exit vs. remain
Jul 22, 2016 10:02 am UTC| Commentary
The majority of the Labour Partys members of the Parliament (MPs) who voted against Jeremy Corbyn in the no-confidence vote have rallied behind one single candidate Owen Smith in their bid to oust current leader Jeremy...
UK gilts gain on weak PMI numbers
Jul 22, 2016 10:02 am UTC| Commentary
The UK gilts gained on Friday after the Markit PMI survey showed that the economy was shrinking at the fastest rate since 2009. The yield on the benchmark 10-year gilts fell 2 basis points to 0.816 percent, the yield on...
German bunds flat in subdued trade; 30-year auction eyed
Jul 22, 2016 09:28 am UTC| Commentary
The German bunds traded nearly flat on Friday, succumbing to thin trading activity during a relatively quiet session that saw little data of much significance. The yield on the benchmark 10-year bond hovered around zero...
Briferendum Aftermath Series: Philip Hammond gives first ever direct hint of fiscal support
Jul 22, 2016 08:51 am UTC| Commentary
The United Kingdoms chancellor of exchequer gave first ever direct signal that the government is considering to provide fiscal stimulus in the wake of the referendum vote on June 23rd that led to themajority of the voters...
France services PMI inch higher in July despite worries over Brexit, global headwinds
Jul 22, 2016 08:37 am UTC| Commentary
Services sector in France during the month of July inched higher, rising above the 50-point mark despite ongoing worries over Brexit amid turbulence caused by ongoing global headwinds. The preliminary Purchasing...