Danish central bank likely to raise its CD rate by 10 bp
Jan 27, 2016 11:59 am UTC| Commentary Central Banks
Diverging monetary policies of Denmark and the Eurozone are likely to continue asthe Danish central bank has hiked rates, while the ECB has suggested at new rate cuts.Danish rates are seen at current levels until mid-year,...
Jan 27, 2016 11:45 am UTC| Commentary Economy
Italy and European Union has reached an agreement, where a guarantee scheme will be in place to help Italian banks to place their large non-performing asset portfolio to private investors in a bid to free up the capital of...
Falling China’s industrial profits puts PBoC in a tough spot
Jan 27, 2016 11:24 am UTC| Commentary Economy Central Banks
Chinas industrial profits decreased by 2.3 percent y/y for the year 2015, as compared with previous years gain of 2.2 percent, suggesting that a need for deleveraging in Chinas industrial sector. Mining sector was hit hard...
Jan 27, 2016 10:49 am UTC| Commentary Central Banks
Following the FOMC announcements, the Reserve Bank of New Zealand will make its rate decision scheduled at 2000 GMT. Markets do not expect a rate cut as recent inflation data failed to impress the markets, and as risks in...
Is Chinese authority freaking out? Comments from Davos
Jan 27, 2016 10:46 am UTC| Commentary Central Banks
We, at FxWirePro, at of the belief that Chinese authority or to say its communist leadership is freaking out over recent crisis faced by economy. While at one hand, they are trying hard to give up control and give market a...
FOMC’s policy stance likely to set pace for USD
Jan 27, 2016 10:11 am UTC| Commentary Central Banks
The USD has appreciated on a trade weighted basis in January so far; however, the appreciation in USD is mainly due to weakness in other currencies rather than specific factors that causes the USD to appreciate. The...
Jan 27, 2016 10:02 am UTC| Commentary
George Soros is well known investor and philanthropist, probably best known for his trade against British Pound and in favor Deutsche Mark back in 1992, which led finally to the break of peg and Mr. Soros earned billions...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects