Taiwan's CBC likely to cut rates at March meeting
Jan 22, 2016 15:05 pm UTC| Commentary Central Banks
Data released earlier today showed that Taiwans industrial production fell 6.17% y/y in December (Nov: -4.9%; Oct: -6.3%), worse than consensus. On a m/m basis, Taiwans IP posted the first negative contraction following...
Currency snapshot (major pairs)
Jan 22, 2016 15:02 pm UTC| Commentary
Dollar index trading at 99.29 (+0.18%). Strength meter (today so far) - Euro -0.43%, Franc -0.60%, Yen -0.32%, GBP +0.75% Strength meter (since last week) - Euro -0.79%, Franc -1.31%, Yen -1.22%, GBP +0.55% EUR/USD...
UK Q4 private consumption likely to remain slow
Jan 22, 2016 14:57 pm UTC| Commentary
Data released earlier today showed that UK December Retail Sales volumes declined by 1.0% m/m in December, on a quarterly basis, retail sales grew by 1.1% q/q in Q4 15, similar to 1.0% q/q in Q3 15. Meanwhile, the November...
ECB’s SPF warns on lower inflation
Jan 22, 2016 14:31 pm UTC| Commentary Central Banks
European Central Bank (ECB) president Mario Draghi warned on lower inflation in Euro Zone and reiterated not only ECBs ability and determination to act, gave a clear indication when that might happen. Governing council...
FxWirePro: S&P500 downside still open, rally could remain capped at 1970
Jan 22, 2016 13:25 pm UTC| Commentary
According to us, at FxWirePro, US benchmark stock index, SP 500 is still not out of the woods and we feel recent rally might remain capped below 1970 area. Bears could take even take back charge before that level. There is...
FxWirePro: WTI outlook - $32/barrel would be tough nut to crack
Jan 22, 2016 12:55 pm UTC| Commentary
WTI in past three days, rose more than 13%, more so after European Central Bank (ECB) signaled that it might ease policy further in March meeting. However we at FxWirePro, are taking a bi contrarian view to the current...
FxWirePro: Long term outlook – Yen could rise to 98 per Dollar
Jan 22, 2016 12:38 pm UTC| Commentary
We, at FxWirePro, do not usuallyprovide such calls, even in the longer term, more so for usually slow moving Yen. However, this time around, we have strong reason to believe that Yen might rise and rise at least another...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects