Chart of the Day: Bad time to bank
Jun 17, 2016 15:43 pm UTC| Commentary
Negative rates eating into the banks return, banks overexposure to weaker commodities segment, regulatory curbs, billions of dollars of fines and now add the possibility of turmoil in the financial capital of the world...
Commodities snapshot (precious & industrial)
Jun 17, 2016 12:41 pm UTC| Commentary
Metal pack is up today. Performance this week at a glance in chart table - Gold Gold is higher today, trying to recover from the sharp drop last night. Todays range $1290-1276 Gold is currently trading...
USD/CNY pair likely to move higher throughout 2016
Jun 17, 2016 12:41 pm UTC| Commentary
The USD/CNY, in the past month rose 0.7 percent to 6.56. This raises the possibility of additional higher moves throughout 2016. Even if the underlying Chinese economic data have indicated certain stabilization in...
Canadian bonds sag following firm crude oil prices, CPI eyed
Jun 17, 2016 12:40 pm UTC| Commentary
The Canadian bonds slid on Friday, following rally in the crude oil prices. Also, investors await first quarter consumer inflation data for further direction. The yield on the benchmark 10-year Treasury note which moves...
Jun 17, 2016 12:33 pm UTC| Commentary
Energy pack is up in todays trading. Weekly performance at a glance in chart table. Oil (WTI) WTI is up after six days of consecutive decline. Todays range $45.8 -47.4 WTI is currently...
IMF’s Lagarde urges Britons to stay in the EU since its membership made UK richer
Jun 17, 2016 12:29 pm UTC| Commentary Economy
The Managing Director of the International Monetary Fund, Christine Lagarde, while speaking at a public event in Vienna, reiterated that a Brexit remains the biggest threat to the UK economy, urging Britons to stay within...
Currency snapshot (commodity pairs)
Jun 17, 2016 12:26 pm UTC| Commentary
Dollar index trading at 94.39 (-0.20%) Strength meter (today so far) Aussie -0.06%, Kiwi -0.15%, Loonie +0.16% Strength meter (since last week) Aussie +0.27%, Kiwi +0.09%, Loonie -0.85% AUD/USD Trading at...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects