Commodities snapshot (precious & industrial)
May 19, 2016 12:30 pm UTC| Commentary
Metal pack is down today. Performance this week at a glance in chart table - Gold Gold is down over stronger Dollar, on hawkish FOMC. Todays range $1247-1261 Gold is currently trading at $1248/troy...
Bank Indonesia leaves key reference rate unchanged, revises down 2016 growth outlook
May 19, 2016 12:23 pm UTC| Commentary
Bank Indonesia has kept its policy instruments on hold, while stating that the transmission of monetary policy is rebounding. The Indonesian central bank kept the reference rate unchanged at 6.75%, the deposit facility at...
Currency snapshot (commodity pairs)
May 19, 2016 12:21 pm UTC| Commentary
Dollar index trading at 95.26 (+0.13%) Strength meter (today so far) Aussie -0.34%, Kiwi -0.19%, Loonie -0.57% Strength meter (since last week) Aussie -0.95%, Kiwi -0.24%, Loonie -1.30% AUD/USD Trading at...
U.S Treasuries gain on weak crude
May 19, 2016 12:13 pm UTC| Commentary
The U.S. Treasuries strengthened Thursday as crude oil prices fell more than 2 pct intra-day on rising US crude inventories, a stronger dollar and surging output from Iran to Europe and Asia. The yield on the benchmark...
EUR/NOK likely to trend downwards in medium to long term
May 19, 2016 12:02 pm UTC| Commentary
The Norwegian krone is expected to be on weaker levels against the US dollar and the euro in short term. This is because of the fact that the central bank considers the exchange rate as part of monetary policy and that the...
Poland’s economic growth to accelerate slightly in Q2, NBP likely to lower key rate to 1% in 2016
May 19, 2016 11:36 am UTC| Commentary
In the past quarter, Polands economic indicators have become weaker; however, they continue to be stable. The PMI dropped to 51 in the first quarter from 54. Also, uncertainty about demand from external trading partner...
Portugal still expected to recover moderately on robust external demand, new ECB measures
May 19, 2016 11:35 am UTC| Commentary
Portugal is still expected to moderately recover from the lows of its economy in the coming quarters, despite the poor economic performance the country has shown in the recent past. The growth forecast for 2016-17, has...
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
Why Germany ditched nuclear before coal – and why it won’t go back
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight