
May 12, 2016 07:58 am UTC| Commentary
Aussie Macro View: After the RBAs reassessment of the inflation outlook in the Statement of Monetary Policy, indicators of pricing pressure will gain more importance. The next key release is the wage price index next...
Indian bonds marginally up ahead of April retail inflation print
May 12, 2016 07:41 am UTC| Commentary
The Indian government bonds were trading modestly firmer on Thursday as investors await the retail inflation data for April, which will provide cues on the possibility of further monetary easing by the Reserve Bank of...
Poland’s wage growth deceleration strengthens view of renewed rate cutting cycle later in 2016
May 12, 2016 07:29 am UTC| Commentary
Polands wage growth in the first quarter of 2016 slowed to 3.1% y/y from 3.2% y/y in the fourth quarter of 2015. This is consistent with the CPI inflation rate of -1.1% y/y and continues to give a dovish view on the...
Brazil’s Senate to back Dilma’s impeachment
May 12, 2016 07:12 am UTC| Commentary
While official numbers will take some time to come out, since 70 of Brazils 81 senators are scheduled to speak before an electronic voting. Consensus showed so far 41 of the members have backed the impeachment, while 16...
Norway’s total public spending growth likely to accelerate 3.2% in 2016
May 12, 2016 06:52 am UTC| Commentary
Norway published its 2016 revised budget yesterday. The revised budget suggests additional fiscal policy expansion. The Norwegian government has increased the non-oil structural budget deficit by 1.1 percentage points of...
S. Korean bonds flat ahead of BoK’s policy decision
May 12, 2016 06:42 am UTC| Commentary
The South Korean bonds closed flat Thursday as investors await up-coming monetary policy decision due on Friday. The 10-year bonds yield, which is inversely propositional to bond price stood unchanged at 1.764 pct and...

FxWirePro: Copper bears show signs of exhaustion
May 12, 2016 06:34 am UTC| Commentary
Look closely at the highlighted area in the above chart, and you will find yesterdays candle, which is a Doji, with apparently very long upper wick, which resembles closely to an inverted dragonfly or gravestone. Such a...