Gold price treading water despite escalation in Greece crisis
Apr 20, 2015 17:37 pm UTC| Commentary
The price of gold has dipped below $1,200 per ounce again today, prompting some to ask whether a further escalation of the crisis in Greece would provide much support to the precious metal after all.The relatively...
Apr 20, 2015 16:51 pm UTC| Commentary
The US dollar is trading close to 2-week lows against a basket of currencies after largely disappointing US economic data last week encouraged more traders cut their USD long positions.However, Fridays US inflation data...
Apr 20, 2015 16:50 pm UTC| Commentary
The Australian dollar rallied by as much as 2 percent on Thursday last week after strong Australian employment data helped reduce expectations of another interest rate cut from the RBA at its next meeting on May 5th.The...
Apr 20, 2015 16:49 pm UTC| Commentary
Sterling rallied close to 1-month highs against both the US dollar and Euro last week after solid UK labour market data. The reports on jobs and wage growth gave international investors more confidence about future UK...
Apr 20, 2015 16:49 pm UTC| Commentary
ECB president Mario Draghi said over the weekend that it was "pointless to short the Euro". The comment suggests that extreme currency weakness and the need for a more stable Euro in 2015 was a major talking point at last...
Softening GDP growth will prevent NZ inflation from rising as far as RBNZ expects
Apr 20, 2015 16:39 pm UTC| Commentary
New Zealand headline CPI inflation fell to a 15-year low of 0.1% in Q1 from 0.8% in Q4, largely due to a plunge in petrol prices. (Data released on Monday.)Looking ahead, with petrol prices now rising, headline inflation...
National Bank of Hungary will probably cut its main interest rate again
Apr 20, 2015 16:34 pm UTC| Commentary
With inflation in Hungary set to remain in negative territory over most of this year, one or two more interest rate reductions likely to follow over the coming months.Capital Economics said - "We think the National Bank of...
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