Euro resilient ahead of ECB rate decision
Jan 21, 2016 05:52 am UTC| Commentary
Euro has been very resilient in the global market rout at the beginning of the year. The Pair is supported just below $1.0900 levels and trading at $1.0890 levels. It made intraday high at 1.0895 and low at $1.0867...
Bank of Canada keeps overnight rate unchanged at 0.5%
Jan 21, 2016 05:18 am UTC| Commentary
The Canadian central bank has kept overnight rate unchanged at 0.5%. According to the BoC, outlook for inflation is broadly as forecast, while the global economic dynamics are largely as expected in the central banks...
Weakness in Canadian economy due to oil price rout temporary?
Jan 21, 2016 05:16 am UTC| Commentary
The Bank of Canada has stated that the additional decline in oil prices has setback the Canadian economy for a temporary period of time. According to the central bank, the economys return to above-potential growth will now...
Kiwi falls despite positive manufacturing index
Jan 21, 2016 04:22 am UTC| Commentary
New Zealands manufacturing sector rose from the previous month and continued to revel in the expansionary zone last month, according to an industry gauge. The Business NZ-BNZ Performance of Manufacturing Index (PMI) rose...
Gold surpasses $1,100 as traders chasing safety
Jan 21, 2016 03:50 am UTC| Commentary
The price zoomed back above the critical level for the second time in the past two weeks, as risky assets fall out of favour with investors worried over an uncertain outlook for the global economy. Futures for gold rose...
Most Asian markets enjoying positive opening
Jan 21, 2016 03:19 am UTC| Commentary
Asian stocks opened with slight gains after oil price falls forced European and US indexes to suffer a tumble. The benchmark Nikkei 225 has risen 0.93% to 16,568.07 since the open. The Shanghai Composite index was 0.92%...
ECB to reiterate dovish guidance
Jan 21, 2016 02:49 am UTC| Commentary Central Banks
The ECB Governing Council meets today. The benchmarks rates are likely to be left steady, guidance will be dovish with an eye on containing the EUR/USD rebound and defend pressure to ease policy further. Policymakers...
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