Australian bonds rally after S&P lowers UK’s sovereign credit rating, US GDP in focus

Jun 28, 2016 05:12 am UTC| Commentary

The Australian government bonds rallied Tuesday after SP announced that it has cut the UKs sovereign credit rating to AA, from previous AAA. The yield on the benchmark 10-year Treasury note, which moves inversely to its...

U.S. trade deficit widens in May, indicates weakness in certain areas of economy

Jun 28, 2016 05:08 am UTC| Commentary Economy

The U.S. trade deficit broadened more than economists projection in May. This might suggest likely indications of weakness in certain areas of the economy, according to certain economists. The trade shortfall in goods...

FxWirePro: The Day Ahead- 28th June 2016

Jun 28, 2016 04:58 am UTC| Commentary

Not many economic dockets and events scheduled for today. Focus will remain on unscheduled commentaries surrounding Brexit and first quarter GDP data from the United States. Upcoming: Germany: Import price index...

South Korea’s consumer confidence remains unchanged on corporate restructuring

Jun 28, 2016 04:52 am UTC| Commentary

Consumer confidence in South Korea remained unchanged in the month of June following ongoing corporate re-structuring in the sectors of shipping and shipbuilding, central bank data showed on Tuesday. The composite...

Asian markets in red, gold hovers around $1,320 mark

Jun 28, 2016 03:19 am UTC| Commentary

All the major Asian markets are trading in a negative note on Tuesday. In a calm session, gold hovers around $1,320 marks but Yen falls below 102.00 mark against U.S. dollar and made low of 101.55 in early hours. Japans...

Chart of the Day Series

Chart of the Day: Fed hike expectation disappears post-referendum

Jun 27, 2016 16:42 pm UTC| Commentary Central Banks

With British voters voting in favor of leaving the European Union, no hike from Fed is expected in the near future. Federal Reserve likely to wait out until further clarity on the impact, especially with inflation below...

Uncertainty likely to keep Central European currencies under pressure

Jun 27, 2016 15:56 pm UTC| Commentary

UK referendum outcome sent shock-waves across all markets including Central Europe. The reaction was quite pronounced in both equity and forex markets. The zloty and forint weakened by 2% and 1% respectively. As for the...