Sugar price rises further due to possible supply deficit on global sugar market
Oct 23, 2015 12:29 pm UTC| Commentary
The raw sugar price climbed by 3% yesterday and closed trading at 14.60 US cents per pound. On the one hand, prices are finding support from ongoing fears about a powerful El Niño effect and a resulting supply...
Weak euro drives gold price to 3.5-month high
Oct 23, 2015 12:26 pm UTC| Commentary
The gold price has climbed to around $1,175 per troy ounce as the week draws to a close. Gold in euro terms has surged by over 2% to a 3½-month high of almost 1,060 per troy ounce on the back of the euros sharp...
Falling U.S. gas price strongly driven by speculation
Oct 23, 2015 12:23 pm UTC| Commentary
The decline in natural gas exploration activity in the US - the gas rig count dropped recently to around 190, its lowest level in at least 25 years - has evidently been unable so far to halt the rise in production. The...
Firm US dollar puts brakes on oil price rise
Oct 23, 2015 12:19 pm UTC| Commentary
The oil price yesterday failed to profit from the increased risk appetite among investors due to the possible expansion of liquidity by the ECB. Greater weight was clearly attributed to the firm US dollar. The US gas...
PBoC cuts policy rates, lowers RRR ratio
Oct 23, 2015 11:44 am UTC| Commentary Central Banks
The Peoples Bank of China has cut its interest rates again and lowered the reserve requirement ratio in an effort to boost the ailing economy. The Chinese central bank reduced its benchmark one-year lending rate by...
Oct 23, 2015 07:27 am UTC| Commentary Central Banks
Yesterday, ECB President Mario Draghi prepared the markets for an extension of the ECBs quantitative easing. The FX market was also impacted by the fact that Draghi seems to regard the exchange rate channel as the only way...
HUF supported by EU fund inflow
Oct 23, 2015 07:19 am UTC| Commentary
Better news for the Hungarian forint which is receiving support from an increase in EU fund inflow: the EC had suspended more than EUR 1.2bn of EU funding because of disputes surrounding the project selection process; but...
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