Sluggish volumes for XAU/USD contracts ahead of Fed
Sep 16, 2015 13:15 pm UTC| Insights & Views
The meeting of the US Federal Reserve is drawing ever closer, and the gold price is continuing to trend sideways at around $1,110 per troy ounce amid thin trading. In fact, the lowest trading volume so far this year was...
Brazil’s growth forecast axed further, this time by OECD
Sep 16, 2015 13:10 pm UTC| Insights & Views
It seems bottom to the Brazils growth forecast is nowhere near, with every analyst forecasting it a bit further down. This week alone, analysts at Barclays downgraded Brazils growth forecast to contraction of -3.2%,...
Brent and WTI edging higher due to rollover on expiry season and declining U.S. inventory levels
Sep 16, 2015 12:07 pm UTC| Insights & Views
The supply glut is coming to a pause, Well, the API (American Petroleum Institute) has reported yesterday evening that inventories had reduced by 3.1 million barrel week-on-week in the week to 11 September. The market had...
US CPI today – last high profile release before FOMC rate decision tomorrow
Sep 16, 2015 12:02 pm UTC| Insights & Views
Todays release of Consumer price index (CPI) numbers will be most watched by traders and investors ahead of tomorrows FOMC rate decision. CPI is scheduled to be released at 12:30 GMT. Why important? FEDs dual mandate...

China receives growth downgrade from OECD
Sep 16, 2015 11:42 am UTC| Insights & Views
China receives a growth downgrade forecast from Organization of Economic Cooperation and Development (OECD). Though at first glance it may not sound much, given expected weakness from China, but it sure is a big blow...

Sep 16, 2015 11:39 am UTC| Insights & Views
USD-TRY has calmed down ahead of the FOMC decision, declining from near 3.07 earlier in the week to around 3.03, possibly on assumption that the Fed will not liftoff and that this will take pressure off EM FX for now,...
Japan’s rating slashed as fiscal issue remains large
Sep 16, 2015 11:10 am UTC| Insights & Views
Credit rating agency Standard Poor (SP) slashed Japans rating by one notch from AA- to A+. SP sighted economic conditions as the main reason behind the move. The downgrade provided further evidence that Abenomics...