Brazilian Real may gain more over new central bank chief
May 17, 2016 12:26 pm UTC| Commentary
The new regime in Brazil, which came to power with ousting of President Dilma Rousseff, who is facing 6 months of impeachment investigation and suspension is acting quick as expected by the market. New government under...
Japan’s economy likely expanded modestly in Q1 2016
May 17, 2016 12:15 pm UTC| Commentary
Japans economy is likely to have grown modestly in the first quarter of 2016. The real GDP is expected to have grown 0.1% q/q, said Societe Generale in a research report. This is likely to be a weak recovery after the...
US April new car, motor vehicle sales slip on subdued economic activity
May 17, 2016 12:14 pm UTC| Commentary Economy
The United States witnessed a drop in the April new car sales across all major categories including passenger vehicles, SUVs and other vehicles. On an annual basis car sales were up 2.4 pct. Despite witnessing a fall in...
FxWirePro short term outlook: Pound to drop 800 pips against Dollar
May 17, 2016 12:10 pm UTC| Commentary
Pounds advance against Dollar today, above 1.45 handle, got halted by weaker inflation reading for April. Retail prices rose 1.3% y/y in April, compared to 1.6% prior. Consumer price index was up 0.3% y/y compared to...
Zloty strengthens after Moody’s keeps Poland rating unchanged
May 17, 2016 11:53 am UTC| Commentary
The Polish currency remained strong after Moodys confirmed its sovereign rating on Poland, surprisingly re-affirming it to A2. Although the agency cut the rating outlook to negative from stable, citing fiscal and policy...
Australia’s wage growth likely accelerated in Q1 2016
May 17, 2016 11:33 am UTC| Commentary
Australias wage growth has continued to decelerate despite jobless rate bottoming out. The RBA used this as a vital factor in its decision to lower the policy rate in May. Wage growth is likely to have accelerated to 0.6%...
Can U.S. inflation support Dollar?
May 17, 2016 11:33 am UTC| Commentary
Todays release of Consumer price index (CPI) numbers will be one of the most watched by traders and investors ahead of next months FOMC rate decision. CPI is scheduled to be released at 12:30 GMT. However todays CPI...
Electricity from farm waste: how biogas could help Malawians with no power
What the Supreme Court is doing right in considering Trump’s immunity case
US student Gaza protests: five things that have been missed
Will Solomon Islands’ new leader stay close to China?
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects