Australian bonds rise modestly on RBA’s rate cut speculations
Jul 20, 2016 05:21 am UTC| Commentary
The Australian government bonds traded modestly firmer on Wednesday as investors speculate that the Reserve Bank of Australia will lower its official cash rate from prevailing record low in Augusts monetary policy...
FxWirePro: The Day Ahead- 20th July 2016
Jul 20, 2016 04:11 am UTC| Commentary Economy
Not many economic dockets scheduled for today but some with high volatility risks associated. Data released so far: Australia: Westpac leading economic index declined -0.2 percent m/m in...
Asian markets mix, gold hovers around key resistance at $1,332
Jul 20, 2016 04:07 am UTC| Commentary
Major Asian indices are trading on a mix note on Wednesday. From the commoditys update, gold remains well supported above $1,320 mark and currently hovers around $1,332 levels while XAG/USD remains supported below $20.00...
German investor morale in June plunges to lowest level since 2012
Jul 19, 2016 21:51 pm UTC| Commentary
According to the closely watched survey released by the German ZEW think tank earlier Tuesday, German economic sentiment index plunged to -6.8, down from +19.2 in June, widely missing economists forecasts of a positive...

Chart of the Day: Go Pokemon Go
Jul 19, 2016 15:57 pm UTC| Commentary
The launch of the game Pokemon Go has pushed the market capitalization of Nintendo from $20 billion to almost $40 billion. This chart from Bloomberg shows Nintendo market cap overtaking that of Sonys. Pokemon Go has...
UK economy will slow significantly in near term: Moody’s
Jul 19, 2016 15:38 pm UTC| Commentary
Moodys Investors Service said on Tuesday that UKs creditworthiness is under downward pressure following its decision to leave the European Union. Moodys said, uncertainty surrounding the Brexit vote will likely affect...
Moody's places Turkey’s Baa3 credit rating on review for possible downgrade
Jul 19, 2016 15:15 pm UTC| Commentary
Moodys rating agency on Monday placed Turkeys Baa3 credit rating on review for a possible downgrade following last weeks failed coup attempt. Moodys said that it will look at Turkeys Baa3 credit rating to asses the...