Currency snapshot (commodity pairs)

Jul 18, 2018 16:20 pm UTC| Commentary

Dollar index trading at 95.07 (+0.09%) Strength meter (today so far) Aussie +0.28%, Kiwi +0.40%, Loonie +0.07% Strength meter (since last week) Aussie -0.27%, Kiwi +0.70%, Loonie -0.33% AUD/USD Trading at...

Currency snapshot (major pairs)

Jul 18, 2018 16:14 pm UTC| Commentary

Dollar index trading at 95.16 (+0.18%) Strength meter (today so far) Euro -0.08%, Franc +0.11%, Yen +0.21%, GBP -0.44% Strength meter (since last week) Euro +0.23%, Franc +0.51%, Yen -0.24%, GBP -0.18% EUR/USD...

U.S. housing starts fall sharply in June, suggests slower momentum in housing activity

Jul 18, 2018 16:02 pm UTC| Commentary

U.S. housing starts dropped sharply in June. On a sequential basis, housing starts fell 12.3 percent to 1273k, much below consensus expectations. Data was downward revised as well for the months of April and May by a total...

Renminbi Series: China’s impossible trilemma returns to haunt

Jul 18, 2018 15:08 pm UTC| Commentary Central Banks Economy

Impossible Trinity/Trilemma is an economic concept which suggests that a country cant all the three following at the same time; a fixed foreign exchange rate, free capital movement, and an independent monetary policy. And...

U.K. headline consumer price inflation remains steady in June, BoE likely to hike rates next month

Jul 18, 2018 14:22 pm UTC| Commentary

U.K. annual pace of inflation remained steady in June, against consensus expectations of an acceleration. On a year-on-year basis, inflation came in at 2.4 percent, as compared with consensus expectations of 2.6 percent....

U.K. headline consumer price inflation remains steady in June, BoE likely to hike rates next month

Jul 18, 2018 14:22 pm UTC| Commentary

U.K. annual pace of inflation remained steady in June, against consensus expectations of an acceleration. On a year-on-year basis, inflation came in at 2.4 percent, as compared with consensus expectations of 2.6 percent....

Fed Hike Aftermath Series: Fed’s balance sheet reduction gathers pace

Jul 18, 2018 13:54 pm UTC| Commentary Central Banks

The Feds balance sheet reduction, which is one of the key reasons for dollar liquidity drain from the financial systems is gathering pace and soon it would hit its peak of $50 billion per month. The balance sheet reduction...