Sweden’s economy to grow strongly, inflation accelerating
May 20, 2016 12:03 pm UTC| Commentary
Last year, Swedens economy grew strongly. The economic growth was over twice that of the euro areas economic growth. Capital investment, the export sector and domestic demand grew positively. In particular, housing sector...
William Dudley: Hawks of same feather
May 20, 2016 12:02 pm UTC| Commentary Central Banks
Market should listen! Several policymakers in past several days, weeks have warned about June meeting being alive and there could be two or three rate hikes on the table. Names include, Boston FED chief Rosengren,...
Fitch likely to downgrade Hungary’s sovereign rating on weak fiscal balance
May 20, 2016 11:36 am UTC| Commentary
Fitch Ratings is likely to release its review of Hungarys sovereign rating later today. The current rating is BB+, which seems to be downgraded, given the countrys weak structural fiscal balance maid government plans to...
FxWirePro: Bid 1m EUR/CHF risk reversal - strangles shorts back in action as OTC looks quite
May 20, 2016 11:24 am UTC| Commentary
Market Outlook: Less Volatile IVs of EURCHF ATM contracts have still been lacklustre, 4.55% for 1W expiry (the least among G20 currency space). and doesnt seem to have drastic change in near terms that would never...
NZD/USD likely to move towards 0.70 in short term and towards 0.64 by 2016-end
May 20, 2016 10:36 am UTC| Commentary
In mid-April of this year, the NZD/USD pair rose to 0.7054, an 11-month high, as the likelihood of a near term interest rate rise by the US Fed continued to diminish. But since then, outlook of decelerating growth in...
U.K Gilts plunge on firm risk appetite
May 20, 2016 10:34 am UTC| Commentary
The U.K Gilts plunged on Friday as investors cooled on safe-haven assets amid gains in riskier instruments includingcrude oil futures and equities. The yield on the benchmark 10-year bonds rose 3bps to 1.470pct and the...
EUR/USD face certain downside risks in near term
May 20, 2016 10:20 am UTC| Commentary
In the first quarter, the US economic growth weakened; however, there are signals that the growth is rebounding the second quarter mainly with the help of private consumption. Manufacturing, in the mean time has stabilized...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects