Chinese Q2 GDP growth beats forecasts, outlook for the year remains muted
Jul 15, 2016 13:32 pm UTC| Commentary
Data released by the National Bureau of Statistics on Friday showed that Chinas second quarter Gross Domestic Product (GDP) growth beat estimates with a 6.7 percent expansion on-year in the three months through June....
Canadian bonds continue to trade lower on firm crude, BOC's positive economic outlook
Jul 15, 2016 13:22 pm UTC| Commentary
The Canadian government bonds plunged on Friday, following the rally in crude oil prices. Also, the Bank of Canada optimistic economic outlook in its monetary policy statement drove-out investors from safe-haven...
Jul 15, 2016 13:14 pm UTC| Commentary
Energy pack is up in todays trading. Weekly performance at a glance in chart table. Oil (WTI) WTI is up on risk affinity, positive for the week. Active call WTI is likely to drop towards $35 area. Todays range...
Commodities snapshot (precious & industrial)
Jul 15, 2016 13:06 pm UTC| Commentary
Metal pack is mixed today. Performance this week at a glance in chart table - Gold: Gold is worst performer of the week as risk affinity is on the rise. Todays range $1326-1337 We expect gold to reach...
US Treasuries complex slump on firm economic data
Jul 15, 2016 13:01 pm UTC| Commentary
The US Treasuries complex saw selling across the curve on Friday after reading firmer consumer price and retail sales. Also, stronger-than-expected producer prices data for June, coupled with maintained improvement in...
GBP to remain under pressure in short-term to medium-term on uncertainty in UK
Jul 15, 2016 12:58 pm UTC| Commentary
The outlook of GBP continues to be extremely uncertain unless it is evident how things would unfold in the UK. The sterling faces a risk of further depreciation, especially against the US dollar as it is in demand as a...
Currency snapshot (commodity pairs)
Jul 15, 2016 12:58 pm UTC| Commentary
Dollar index trading at 96.2 (+0.09%) Strength meter (today so far) Aussie +0.33%, Kiwi -0.17%, Loonie +0.21% Strength meter (since last week) Aussie +1.06%, Kiwi -1.99%, Loonie +1.30% AUD/USD Trading at...
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