
FxWirePro: Bears in charge of copper, $1.75 in sight
Feb 10, 2016 09:42 am UTC| Commentary
Copper price has reached our short term upside correction target around $2.14/pound and has fallen since. Sharp selloff in copper came despite China being closed for the week long New Year holiday. In one of our previous...
Markets await Fed Chair’s testimony for cues on March meeting
Feb 10, 2016 09:28 am UTC| Commentary Central Banks
With several Asian markets closed and markets focus on Yellens testimony, overnight markets remained moderately stable. USD/JPY continues to hover at 15-month low of 114.21 hit on Tuesday, while the commodity currencies...
Brazil’s inflation unlikely to reach central bank’s target range in 2017
Feb 10, 2016 09:13 am UTC| Commentary Economy
Brazils inflation data for January has created significant uncertainty regarding the medium-term inflation trajectory. Under several assumptions, using a structural inflation model, there is a possibility of grim inflation...
US NFIB’s small business optimism index falls in January on declined economy and sales expectations
Feb 10, 2016 08:21 am UTC| Commentary
The US NFIBs small business optimism index for January dropped 1.3 points to 93.9, the weakest in nearly two years. Out of the total ten subcomponents, six declined, three rebounded and one remained the same. Expectations...

Strong Dollar proved to be bad, weak Dollar could be worse
Feb 10, 2016 07:43 am UTC| Commentary
Strong Dollar has been the key cornerstone of recent crisis, especially facing by emerging markets. Emerging market corporates large Dollar exposure is threatening the stability of the whole economy. According to latest...
Italy’s December industrial output likely rebounded
Feb 10, 2016 07:31 am UTC| Commentary
Italys industrial production is expected to have recovered in December, growing 1% m/m, mainly due to a surge in exports in the reference period when the output grew 5.7% m/m in November. On an annual basis, the industrial...

FxWirePro: Another 1500 points drop in Nikkei is likely in the near term
Feb 10, 2016 07:03 am UTC| Commentary
Japanese benchmark stock index Nikkei 225 is firmly in bearish territory as it has shed more than 20% from its peak and down more than 25% in past six months. This year alone it has dropped more than 18%. Nikkei is...