
FxWirePro: Have you forgotten EURO on event risk? Put ladders for late hedgers
May 13, 2016 11:02 am UTC| Commentary
Every time EURUSD dropped from 1.1461, subsequent bearish effects would be minimum of 3.29% or 350-400 pips southwards. The current price rejection has occurred at the same juncture in this pair. Looking for cheaper...
Germany Q2 GDP likely to slow down following sluggish global recovery path
May 13, 2016 11:01 am UTC| Commentary Economy
Germany is poised to witness a weak second quarter in terms of growth output following mild recovery after the country posted better than expected output figures for the first quarter of the fiscal year. Output had more...
Irish bonds gain ahead of Moody’s rating review
May 13, 2016 11:00 am UTC| Commentary
The Irish bonds strengthened on Friday as investors were cautious ahead of Moodys ratings review that may end with an upgrade for Europes fastest growing economy. The yield on the benchmark 10-year bonds fell 3bps to 0.836...

Gold demand in first quarter breaks all record
May 13, 2016 10:54 am UTC| Commentary
Demand for Gold, shot up in first quarter of 2016, to 1289.8 tons, surpassing all previous first quarter record and supply for the quarter, according to report from World Gold Council. Overall demand was 21% higher than...
South Korean economy to grow 2.8 pct in 2016, fiscal policy to remain expansionary ahead
May 13, 2016 10:48 am UTC| Commentary
In the first quarter of this year, the South Korean economic growth slowed to 2.7% from Q4 2015s 3.1%. GDP grew 0.4% on a seasonally adjusted basis, as compared with growth of 0.7% recorded in the fourth quarter of 2015....

China’s industrial output likely eased slightly in April
May 13, 2016 10:42 am UTC| Commentary
China is likely to post another strong activity growth data for April after recording a considerable recovery in March. Growth in Chinas industrial output is expected to have slowed by just 0.1 percentage point to 6.7% y/y...

May 13, 2016 10:23 am UTC| Commentary Central Banks
The central bank of Norway left its benchmark interest rate on hold at 0.5% on May 12th, 2016 as widely expected, following a 25 bps cut in March. Policymakers said developments since last meeting were in line with...