ADP paints weaker manufacturing and stronger services sector in US
Mar 02, 2016 13:25 pm UTC| Commentary
Today ADP employment numbers were released from US for the month of February. ADP number shows US economy and its labour markets are quite robust, in spite of global economic slowdown. There are two things to note even...
Currency snapshot (commodity pairs)
Mar 02, 2016 13:15 pm UTC| Commentary
Dollar index trading at 98.42 (+0.17%) Strength meter (today so far) - Aussie +0.71%, Kiwi -0.32%, Loonie -0.14% Strength meter (since last week) - Aussie +1.53%, Kiwi -0.20%, Loonie +0.47% AUD/USD - Trading at...
Commodities snapshot (precious & industrial)
Mar 02, 2016 13:09 pm UTC| Commentary
Metal pack is mixed today. Performance this week at a glance in chart table - Gold - Gold is back down since yesterday as equities rise. Todays range $1233-1224 Gold is currently trading at $1231/troy ounce....
Brazil’s industrial production likely fell again in January
Mar 02, 2016 12:54 pm UTC| Commentary
Brazils industrial production in Q4 had dropped 11.8% y/y in Q4 2015. The rate of contraction has speeded in each of the past five quarters. Hence, in 2015, the industrial output had contracted 8.2%, as compared with the...
API reports surplus, while WTI awaits EIA report – calls updated
Mar 02, 2016 12:52 pm UTC| Commentary
WTI showing strength as it consolidates around $34 key resistance area. Key factors at play in Crude market - Russian oil minister, Alexander Novak said freeze production will succeed even without Iran as 75% of the...
Stronger ADP employment report may provide next level momentum to Dollar
Mar 02, 2016 12:33 pm UTC| Commentary
ADP employment data to be released at 13:15 GMT is todays most vital dockets from US to be watched by market participants. This is report is for February, at time ofhigh market turmoil. What is ADP employment? The...
Currency snapshot (major pairs)
Mar 02, 2016 12:11 pm UTC| Commentary
Dollar index trading at 98.48 (+0.22%). Strength meter (today so far) - Euro -0.21%, Franc -0.22%, Yen -0.39%, GBP +0.28% Strength meter (since last week) - Euro -0.72%, Franc -0.39%, Yen -0.37%, GBP +1.03% EUR/USD...
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