FxWirePro: Turkish Lira down 2 percent as Erdogan sacks central bank chief; further weakness likely

Jul 08, 2019 13:14 pm UTC| Commentary

Turkish Lira is down almost 2 percent in Mondays trading as Turkish President who is increasingly on a collision course with Washington over purchase of Russias S-400 missile defense system, sacked the countrys central...

German industrial production grows in May, economy likely to have shrunk slightly in Q2

Jul 08, 2019 13:10 pm UTC| Commentary

German industrial production grew in the month of May after falling in the prior month. Sequentially, the industrial production grew 0.3 percent, as compared with expectations of a fall of 0.4 percent and prior months drop...

German bunds edge tad higher after May industrial production disappoints investors; 10-year auction eyed

Jul 08, 2019 10:45 am UTC| Commentary Economy

The German bunds edged tad higher during European session Monday after the countrys industrial production for the month of May disappointed market investors, while eyes still remain on the 10-year auction, scheduled to be...

Australia ANZ job ads bounce back in June after falling over 8 pct in May

Jul 08, 2019 10:18 am UTC| Commentary Economy

Australias ANZ job ads bounced back in June after falling more than 8 percent in May. The Holiday-year effect in late April and the timing of the election appear to have been responsible for much of the decline in May, and...

Oil in Global Economy Series: Survey suggests OPEC oil production down in June

Jul 08, 2019 08:43 am UTC| Commentary

A survey by Reuters suggests that the production is now below 30 million barrels per day. According to the survey, it shows that OPEC as a group has reached over compliance with the new agreement that was agreed upon back...

Fundamentals to watch out for this week

Jul 08, 2019 08:10 am UTC| Commentary Central Banks

In terms of volatility risks, this week is light with the focus PMI numbers and U.S. payroll data, What to watch for over the coming days: Central Banks: Federal Reserve chair Jerome Powells speech scheduled...

EM Asian currencies to weaken moderately as smaller Fed rate cut in July could narrow yield advantage of local assets, says Scotiabank

Jul 08, 2019 07:39 am UTC| Commentary Economy

The emerging markets Asian currencies are expected to weaken moderately as a smaller Fed rate cut in July could narrow the yield advantage of local assets while sparking a potential selloff in US and regional risky assets,...