Currency snapshot (commodity pairs)
Oct 05, 2015 15:32 pm UTC| Insights & Views
Dollar index trading at 95.89 (-0.03%) Strength meter (today so far) - Aussie +0.27%, Kiwi +1.01%, Loonie +0.48%. Strength meter (since last week) - Aussie +0.27%, Kiwi +1.01%, Loonie +0.48%. AUD/USD - Trading at...
US Services sectors put on strong show but losing steam
Oct 05, 2015 14:31 pm UTC| Insights & Views
Though US manufacturing sector grew for 68th consecutive month growth slowdown was larger than expected at 56.9% compared to 59% in August. Headline reading is weakest since June 2015. Key highlights - New orders index...
Chancellor Osborne reaffirms determination and need to push UK to budgetary surplus
Oct 05, 2015 13:57 pm UTC| Insights & Views
Chancellor George Osborne reiterated his iron will to return UKs budget from deficit to surplus suggesting that is to be the need of the hour. He stressed that the need is more acute in the face of several risks from wider...
FxWirePro: ZAR to resume losses against dollar as South Africa’s external vulnerabilities linger
Oct 05, 2015 13:43 pm UTC| Insights & Views
After the central banks of South Africa, Nigeria and Kenya decided to keep rates on hold last week, attention shifted to a glut of macro data.South Africa reported a trade deficit of -ZAR9.9bn in August, the largest since...
FxWirePro: INR to stay FX outperformer among BRICS and other EMs
Oct 05, 2015 13:25 pm UTC| Insights & Views
Despite that fact that the growing concerns over whether next recession is underway or not, Chinese growth has slowed and rising market risk aversion, we foresee INR as less vulnerable to Chinas slowdown due to relatively...
Funding currencies retreat over rising risk aversion
Oct 05, 2015 12:52 pm UTC| Insights & Views
Funding currencies struggled to make any sustainable gains over Dollar, in spite of weaker payroll report on Friday. Rising risk aversion and lack of demand for safe haven and liquidity could be blamed for this. Euro on...
Funds likely to flow towards Portugal as Coelho returns to power
Oct 05, 2015 11:36 am UTC| Insights & Views
After more than 5 years of economic and political turmoil, latest economic dockets and series of election point that stability is returning to European Monetary Union (EMU). Pedro Passos Coelho led his centre-right...
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