Japan March iron & steel demand push machine tool orders above expectations
May 19, 2016 09:12 am UTC| Commentary
Japan March machine tool orders exceeded analysts expectations, rebounding after Februarys sharp month-on-month drop, which was the first contraction since November. A proxy for capital expenditure, machine tool orders,...
FxWirePro: Loonie may decline to 1.4 per Dollar
May 19, 2016 09:07 am UTC| Commentary
Loonie over the past few session has fallen steadily against Dollar and after yesterdays FOMC minutes it has decisively broken above 1.3 handle, indicating further decline may be on the card. Since May 3rd, oil price...
FxWirePro: CAD/JPY 3-way straddles versus call serves best hedging motives as steep dip in 1W IVs
May 19, 2016 09:04 am UTC| Commentary
The supply disruptions inflicting the oil market continue to ratchet up. Canadian output looks likely to be impacted much longer than expected by ongoing wildfires. Manufacturing sales in Canada was worse than anticipated...
European bonds slide on Fed rate hike outlook
May 19, 2016 09:01 am UTC| Commentary
The European bonds slumped Thursday as investors cooled on safe-haven assets after FOMC April meeting minutes from the U.S. Federal Reserves strengthened bets of an interest rate hike in June. On the contrary, future...
FxWirePro: USD/INR likely to test 68.5 resistance area
May 19, 2016 08:33 am UTC| Commentary
Indian Rupee has broken to new one month low against Dollar and currently trading at 67.2 per Dollar. After several failed attempts to break resistance around 66 area, it has been showing weakness for past several trading...
German bunds slump on Fed rate hike expectations, focus on crude oil
May 19, 2016 07:46 am UTC| Commentary
The German long-term bunds slumped on Thursday as investors cooled on safe-haven assets after FOMC April meeting minutes from the U.S. Federal Reserves strengthened bets of an interest rate hike in June. On the contrary,...
Mexican economic growth likely accelerated in Q1
May 19, 2016 07:43 am UTC| Commentary
Mexicos economy is likely to have had a near-trend growth in the first quarter, despite the deceleration in industrial production in March and continued strength of services that are due to consumption growth led by low...
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