Guide to today’s important data and events
May 19, 2016 05:20 am UTC| Commentary
Quite a handful of economic dockets scheduled for today and some with high volatility risks associated. Data released so far Australia Unemployment rate for April declined to 5.7%. Full time employment declined...
Fed signals rate hike in June on conditions of economic improvement
May 19, 2016 05:11 am UTC| Commentary Central Banks
The minutes of the April 26-27 Federal Reserve Open Market Committee Wednesday signaled markets of a possible rate hike in June, if the US economy good track of improvement. Investors and creditors have been warned of such...
Australia’s jobless rate remains flat in April, seen stable for rest of 2016
May 19, 2016 05:08 am UTC| Commentary
Australias labor market report was published today that indicated continual decelerating pace in jobs growth. Employment grew only 0.1% 3m/3m as compared with the growth of 0.9% in the prior three months. However, the...
Asian markets turn negative, Gold falls below $1260 after FOMC meeting minutes
May 19, 2016 03:43 am UTC| Commentary
All the major Asian stock markets are trading on a lower note on Thursday on the back of global uncertainties. Yesterday Fed released meeting minutes, which surprisingly revealed a potential hike in June. US dollar rally...
Canadian bonds slump on Fed hike expectations
May 18, 2016 13:14 pm UTC| Commentary
The Canadian bonds slumped on Wednesday, following U.S trend after reading strong U.S April consumer price index and hawkish comments from Federal Reserve officials. Moreover, bond prices are likely to be ruled by the...
API reports deficit, while WTI awaits EIA report – calls updated
May 18, 2016 13:09 pm UTC| Commentary
As of now, WTI is up 85% from its February low and still continuing. It is currently trading at $48.1 /barrel, looking to challenge resistance around $49/barrel, which is coinciding with $50 psychological...
May 18, 2016 12:57 pm UTC| Commentary
Risks - Positioning, a hawkish SARB, exit speculations of President Zuma The biggest risk is a benign period for risk sentiment, crowded one-sided positioning amid thin liquidity may sway USDZAR aggressively lower (that...
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