U.S. Nonfarm Payroll data to support USD

Jan 05, 2016 10:37 am UTC| Commentary

With U.S. Nonfarm Payroll data scheduled later this week, the USD is likely to find support at the weekend. The greenback is expected to outperform on expectations of a creation of 225k jobs in December (consensus: 200k)...

Oil in Global Economy Series

Saudi Arabia raises price for Asian consumers—again

Jan 05, 2016 10:26 am UTC| Commentary

Saudi Arabias state owned company Saudi Aramco, in a statement today declared that it will be increasing its crude price for Asian consumers for its light crude cargoes, baffling analysts who gauge the nation to be locked...

Migrant Crisis Series

Migrant arrivals fail to dent strong German employment scenario

Jan 05, 2016 09:51 am UTC| Commentary

Opponent politicians to Chancellor Merkel has hoped that economic data, especially unemployment rate would provide some evidence in 2015, that arrivals of migrants leading to slowdown in Job growth. However to their...

Kiwi starts 2016 bearish, more downside expected

Jan 05, 2016 09:03 am UTC| Commentary

Due to a lack of domestic fundamentals, both commodity currencies, the kiwi and the aussie, are driven by the risk-off market mood spurred by the decline in equity stocks from Asia to the US. The equity sell-off drove...

Japanese car sales rebound at fastest pace in half a year

Jan 05, 2016 09:01 am UTC| Commentary

To the relief of automakers in Japan, Japanese car sales rebounded sharply at fastest pace in six months in December, giving hope to Abenomics in its bid to ignite growth. Japanese automakers have long been complaining...

US motor vehicle sales probably rose in December

Jan 05, 2016 08:44 am UTC| Commentary

US total motor vehicles sales in the month of December are expected by the market consensus to record at 18 millions saar. The domestic motor vehicle sales are likely to record at 14.5 mn saar as per consensus. Solid...

FxWirePro: Nikkei likely to plunge another 1000 points

Jan 05, 2016 08:06 am UTC| Commentary

After several blockbuster year since Bank of Japan (BOJ) introduced monetary easing back in 2012, 2015 too has been a kind year for Nikkei, CFD gained more than 10%. However, 2016 may not be that great for Nikkei. After...