FxWirePro: The Day Ahead- 18th July 2016
Jul 18, 2016 03:47 am UTC| Commentary Economy
Few economic dockets scheduled for today and all with low volatility risks associated. Data released so far China: House price index which covers 70 cities rose 7.3 percent in June. Upcoming: United...
FxWirePro: AUD/USD changes short term trend from bullish to bearish
Jul 15, 2016 17:08 pm UTC| Commentary
The Australian dollar declined strongly against US dollar on Friday following encouraging US economic data, dragging the pair all the way towards 0.7587 levels. Data on Friday showed that U.S. consumer prices gained...
China’s broadest measure of new credit rose higher than expectation in June
Jul 15, 2016 15:50 pm UTC| Commentary
The Peoples Bank of China (PBoC) released its first half of 2016 monetary data earlier on Friday. Data showed that Chinas new Yuan Loan rebounded to RMB1.38 trillion from RMB985 billion in June, much higher than market...
Eurozone inflation in line with expectations, edges out of deflation in June
Jul 15, 2016 15:07 pm UTC| Commentary
Data released by Eurostat confirmed in its final estimate on Friday that the consumer prices in the Euro zone finally defeated the deflationary pressure and swung into the green zone in June, after having battled deflation...
August RBA rate cut now less likely
Jul 15, 2016 14:18 pm UTC| Commentary
The probability of a rate cut by RBA has become less probable now than previously thought given that confidence has held up in the face of heightened uncertainty. GDP is growing solidly, while non-mining activity continues...
Turkish May manufacturing data exceeds expectations but does not signal strong recovery
Jul 15, 2016 13:59 pm UTC| Commentary
Data released by the Turkish Statistical Institute on Thursday showed Turkeys industrial production accelerated at a faster-than-expected pace in May. Industrial production advanced a calendar-adjusted 5.6 percent...
Chart of the Day: From the worst to the best
Jul 15, 2016 13:59 pm UTC| Commentary
In the week of the week of the referendum, the pound registered its worst weekly performance since the 2008/09 crisis and this week, the pound is on its way to give its best weekly performance since the crisis, thanks to...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects