AUD/USD likely to move higher towards 0.77 by 2016-end
Jun 16, 2016 13:19 pm UTC| Commentary
At the end of April, the AUD/USD pair had reached a new year-to-date high of 0.7835. After reaching that level, the pair was under continuous pressure until May-end, dropping nearly nine percent to a low below 0.7150. This...
Jun 16, 2016 13:19 pm UTC| Commentary
Energy pack is down in todays trading. Weekly performance at a glance in chart table. Oil (WTI) WTI is down again over risk aversion due to Brexit. Todays range $47.8 -47 WTI is currently trading at...
Jun 16, 2016 13:15 pm UTC| Commentary Economy
The euro area jobless rate has touched the lowest level since 2011. Even if the unemployment rate for April seems high at first, 10.2 percent, it is just 0.5 percentage points from the ECs estimate of the structural level,...
BoE stays on hold, sounds warning tone over UK economy
Jun 16, 2016 13:12 pm UTC| Central Banks Commentary
The Bank of England held its interest rate steady at its monetary policy meeting held on Thursday, just a week prior to the UK referendum concerning Britains membership in the European Union. The central bank reiterated...
CNY likely to depreciate against USD and non-USD currencies
Jun 16, 2016 13:06 pm UTC| Commentary
The US Feds underlying message on Wednesday was that normalization of interest rates in the country is expected to take a longer time than anticipated previously. Meanwhile, the Bank of Japan also kept an easing bias...
Currency snapshot (major pairs)
Jun 16, 2016 13:05 pm UTC| Commentary
Dollar index trading at 94.96 (+0.38%) Strength meter (today so far) Euro -0.76%, Franc -0.70%, Yen +1.5%, GBP -0.45% Strength meter (since last week) Euro +0.41%, Franc -0.27%, Yen +0.54%, GBP +0.11% EUR/USD...
US retail sales likely to increase on improved consumption prospects
Jun 16, 2016 13:01 pm UTC| Commentary
The United States retail sales for May is likely to rise on improved prospects of household consumption in recent months. This is despite dampened conditions across the economy and uncertainty over interest rates ahead of...
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