Sep 18, 2015 15:36 pm UTC| Insights & Views
Energy pack is trading in red today. Weekly performance at a glance in chart table. Oil (WTI) - WTI is down heading into FOMC rate decision after yesterdays spectacular rise. Todays range $47-45. WTI is currently...
Currency snapshot (major pairs)
Sep 18, 2015 15:25 pm UTC| Insights & Views
Dollar index trading at 94.59 (+0.05%). Strength meter (today so far) - Euro -0.17%, Franc +0.23%, Yen -0.20%, GBP +0.22% Strength meter (since last week) - Euro +0.26%, Franc +0.87%, Yen +0.60%, GBP +0.91% EUR/USD...
Citibank lowers BOE rate hike forecast
Sep 18, 2015 14:30 pm UTC| Insights & Views
In spite of hawkish stance from Bank of Englands (BOE), Monetary Policy Committee (MPC) members Citibank has lowered its forecast for rate hikes from the central bank. Bank has cut UK GDP growth forecast for the year to...
EPFR fund flow report - Investors continue to head to exit from EM
Sep 18, 2015 14:13 pm UTC| Insights & Views
US Federal Reserve stayed away from hiking rates for the first time in almost a decade, however majority of the analysts believe that wont help emerging markets much. There could only be temporary relief but stampede is...
Spillover effects of Fed’s rate decision on Asian FX baskets, MYR under stress
Sep 18, 2015 13:21 pm UTC| Insights & Views
Well, the much awaited Feds stance was finally as dovish as they could be, there are certain concerns about a tail risk scenario developing in Asia. The scenarios are going along with the following channels, when the Fed...
FxWirePro: Longer term Call – Buy Euro against Yen, targeting 146 area
Sep 18, 2015 12:40 pm UTC| Insights & Views
Euro and Japanese Yen are two currencies where their respective central banks are most dovish in the world. Economists and market participants both the banks to ease policy further. Euro area in spite of its ongoing...
Sep 18, 2015 12:21 pm UTC| Insights & Views
All major veteran weather forecasters have revised up the probability of a major El Niño effects this year (especially during December). The U.S. Climate Prediction Centre now putting the probability of an El...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects