German industries remain optimistic despite Brexit worries
Jun 22, 2016 10:57 am UTC| Economy Commentary
German industrial companies remained optimistic over their business, defying worries of a Brexit on Thursday. Nearly two-thirds of German industrial companies say a British exit from the European Union wont hurt their...
Brazil’s economy possibly at turning point; BCB likely to lower key rate by end-August
Jun 22, 2016 10:48 am UTC| Commentary Economy
There are tentative signs that Brazils economy might have reached a turning point. The economy, in the first quarter contracted 0.3 percent quarter-on-quarter as compared with projections of 0.8 percent contraction and Q4s...
FxWirePro: USDCHF short side target extended to 0.86
Jun 22, 2016 10:34 am UTC| Commentary
Anyone of our readers, who has gone through our previous call in dollar/franc exchange rate will better be able to relate it, which was given on December 10th 2015 Sell dollar against franc at 0.985 and at rallies with...
Banks likely to relocate jobs away from London if 'Brexit' succeeds, says EU’s Hill
Jun 22, 2016 10:29 am UTC| Economy Commentary
Corporate banks are likely to be forced to relocate jobs away from London, if Thursdays European Union referendum ends in favor of Brexit, said Jonathan Hill, the EUs financial services commissioner on Wednesday. Banks...
FxWirePro: FX option positioning of USD/TRY on Bremain win scenario
Jun 22, 2016 10:20 am UTC| Commentary
A win by the Remain campaign in the tomorrows UK referendum would likely lead to outperformance in emerging market assets, including TRY, and produce lower USDTRY volatility, thereby causing this trade to...
Sweden’s seasonally adjusted jobless rate rises in May
Jun 22, 2016 10:13 am UTC| Commentary Economy
In May, Swedens seasonally adjusted jobless rate came in at 7.2 percent, more than consensus expectations of 6.9 percent and Aprils print of 6.7 percent. The rise in unemployment rate is mostly a statistical noise and is...
FED Hike Aftermath Series: Hike probabilities review post Yellen testimony
Jun 22, 2016 10:01 am UTC| Commentary Central Banks
Federal Reserve Chair Janet Yellen said she would carefully gauge when to raise rates again as the central bank will have to assess that economic growth is on theright track and labour market conditions are improving after...
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