Currency snapshot (major pairs)
Mar 04, 2016 15:45 pm UTC| Commentary
Dollar index trading at 97.13 (-0.54%). Strength meter (today so far) - Euro +0.79%, Franc +0.30%, Yen +0.28%, GBP +0.32% Strength meter (since last week) - Euro +0.92%, Franc +0.61%, Yen +0.54%, GBP +2.58% EUR/USD...
Oil price will probably defend its recent gains in the week ahead
Mar 04, 2016 15:24 pm UTC| Commentary
The price of Brent oil climbed mid-week to an eight-week high, at around 37 USD per a barrel. For six weeks, US production has been steadily declining and is now at the level of November 2014, which is likely supporting...
Sweden's Q1 GDP growth pace likely to be significantly lower
Mar 04, 2016 15:11 pm UTC| Commentary
Swedens manufacturing production recovered somewhat in January. Data released , showed that Jan manufacturing production was up 4.6% y/y and by 0.6% m/m, below consensus at 5.7% and 0.7% respectively. Order intakes came...
Mar 04, 2016 14:52 pm UTC| Commentary
Energy pack is mixed in todays trading. Weekly performance at a glance in chart table. Oil (WTI) - WTI bulls are consolidating around $34-35 key resistance area. Further rise is likely. Todays range $34.4-35.2 WTI is...
Commodities snapshot (precious & industrial)
Mar 04, 2016 14:38 pm UTC| Commentary
Metal pack is up today. Performance this week at a glance in chart table - Gold - Gold is gaining despite better payroll data and rise in equities. Todays range $1250-1275 Gold is currently trading at $1266/troy...
China National People’s Congress will continue to boost metal prices
Mar 04, 2016 14:32 pm UTC| Commentary Central Banks
Chinas National Peoples Congress is to Convene in Beijing on Saturday. Among other things, the government will be presenting its next five-year plan for the years 2016-2020 there. The proceedings would provide crucial...
FxWirePro Longer term outlook: Extending Gold target 1670 area
Mar 04, 2016 13:26 pm UTC| Commentary
We are the Gold bugs. We are the Gold bulls. Gold seem to be benefiting from anything and everything. First it was the risk aversion that helped push Gold higher from $1050/troy ounce area, it also coincided with floor of...
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