German bunds mixed on Fed rate hike expectations, weak risk appetite
May 18, 2016 09:26 am UTC| Commentary
The German bunds traded mixed on Wednesday after data showed better than expected U.S economic data and hawkish comments from Federal Reserve officials. On the other hand, weak equities and tumbling crude oil prices...
Russia’s real GDP growth to return to positive territory in Q2 2016
May 18, 2016 09:20 am UTC| Commentary
On a year-on-year basis, Russias real GDP shrank 1.2% in the first quarter, according to the data released recently. Even if the additional working day in the first quarter due to the leap year would have flattened the...
FxWirePro: Tepid Chinese economic numbers still favour USD/CNH forwards to flash higher
May 18, 2016 09:12 am UTC| Commentary
Weakness in Chinese data over the weekend (IP, retail sales, and fixed asset investment all disappointed) could fan investor concerns about the authorities ability to sustainably revive economic growth. Although,...
European bonds slide on Fed rate hike expectations
May 18, 2016 09:06 am UTC| Commentary
The European bonds slumped on Wednesday, lifted by a rise in U.S. Treasury yields after data and hawkish comments from Federal Reserve officials boosted expectations for a U.S. interest rate rise this year. The benchmark...
Singapore April NODX sales fall on sluggish global demand
May 18, 2016 09:03 am UTC| Commentary
Singapores April non-oil domestic export sales fell 7.9 pct owing to sluggish global demand amid fall in exports of both electronics and non-electronics products. Further, except for Europe and Hong Kong, all major markets...
ILO employment report may add some directional volatility to Pound
May 18, 2016 08:14 am UTC| Commentary
For the past 11 days, Pound has been consolidating within a small range against Dollar of just 230 pips. So far, many economic dockets such as inflation readings have failed to spark major volatility and provide some...
Iron ore, Steel price jumped thanks to China, can’t sustain thanks to China
May 18, 2016 07:53 am UTC| Commentary
Iron ore and Steel had their best rally in years, till April, where iron ore prices rose more than 70%, from their December bottom and Steel price rose from Yuan 1580 per ton in December, last year to Yuan 2870 per ton in...