China’s copper exports rise sharply in May; prices likely to weaken globally in H2
Jun 22, 2016 05:21 am UTC| Commentary
After a slowdown in imports of copper in April, Chinas copper imports results for May indicate a growth trend on a year-on-year basis but a continued decline on month-on-month basis. Refined coppers net imports dropped 24...
Guide to today’s important data and events
Jun 22, 2016 04:30 am UTC| Commentary
Not many economic dockets scheduled for today and some with high volatility risks associated. Data released so far Australia Westpac leading index grew 0.21 percent in April. Upcoming - Portugal ...
FxWirePro: EUR/GBP trades a narrow range in the Asian session, downside holds above 78.6%Fib
Jun 22, 2016 04:29 am UTC| Technicals Commentary
Forecasting of post-referendum moves difficult. The Brexit Vote is too close to call. The latest IG Survation Brexit poll shows that the margin between stay and remain camp narrowing with 44% supporting the Leave camp...
Asian markets mix, gold hovers around fresh 10 –day low
Jun 22, 2016 03:44 am UTC| Commentary
All the major Asian markets are trading on a mix note ahead of the Yellens 2nd round of Testimony as well as UK referendum. U.S. dollar remains strong against all the major peers after the Yellens testimony and gold falls...
Chinese exports to get a lift from weaker currency
Jun 21, 2016 15:02 pm UTC| Commentary
In the early spring months, China showed signs of a cyclical rebound driven a turn in construction spending, pick-up in infrastructure projects and a tentative improvement in exports. Exports are a source of gradual...
EMU inflation picks up in May, led by a rebound in oil prices
Jun 21, 2016 14:12 pm UTC| Commentary
Euro zone headline inflation picked up from‐0.2 percent Y/Y to‐0.1 percent Y/Y in May, led by a rebound in oil prices. Core inflation also picked up in May, in line with headline inflation, rising from 0.7percent Y/Y to...
German ZEW economic sentiment beats forecasts, unexpectedly spikes in June
Jun 21, 2016 14:06 pm UTC| Commentary
According to the latest survey from the ZEW think-tank, German economists are feeling surprisingly upbeat about the economy despite an uncertain global backdrop. The survey of 202 analysts and investors conducted during...
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