Currency snapshot (major pairs)
Mar 01, 2016 12:42 pm UTC| Commentary
Dollar index trading at 98.25 (+0.06%). Strength meter (today so far) - Euro -0.1%, Franc -0.06%, Yen -0.63%, GBP +0.47% Strength meter (since last week) - Euro -0.50%, Franc -0.36%, Yen +0.74%, GBP +1% EUR/USD...
BCB likely to keep rates unchanged but upside risks of tightening remain
Mar 01, 2016 12:42 pm UTC| Commentary Central Banks
Projecting the Central Bank of Brazils action continues to be very challenging due to the deep stagflation scenario. There are arguments on both the front regarding if the central bank will resume the cycle of tightening...
UK factories suffer their weakest in Feb in almost three years as demand and exports slow
Mar 01, 2016 12:24 pm UTC| Commentary
UKs headline manufacturing PMI for February dropped unexpectedly to 50.8, more than consensus forecast. The print is currently 0.9 points lower than its seven-year average and 7.8 points lower than its previous peak in...
Stronger US economy and ECB actions might fuel further risk affinity
Mar 01, 2016 11:58 am UTC| Commentary Central Banks
Stock markets around the globe are showing strong signs of rebound and fading risk aversion, so further actions from ECB next week and this weeks non-farm payroll data could further fuel this trend. SP 500 - We have...
Euro area’s February manufacturing PMI drops on weak external demand
Mar 01, 2016 11:33 am UTC| Commentary
February final manufacturing PMI of euro area was revised up marginally from the flash reading to 51.2; however, it still dropped from Januarys final print to a 12 month low in February. Even if output and new orders were...
Euro area’s jobless rate falls in January but still too high to boost wage growth
Mar 01, 2016 11:11 am UTC| Commentary
Euro areas January jobless rate dropped further; however, it is still too high to boost wage growth from its subdued pace recorded recently. The currency blocs jobless rate declined from 10.4% to 10.3%, the lowest level...
Australia’s current account deficit hovers around record level
Mar 01, 2016 10:53 am UTC| Commentary
Todays data released from Australia shows, current account deficit for the fourth quarter hasnt improved much and hovering at record high level, comparing data that goes back to as early as 1959. Twin attack from lower...
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