Subdued tourism and weak retail sales likely to hurt Hong Kong economy

Jul 08, 2016 09:37 am UTC| Commentary Economy

In the first quarter of 2016, Hong Kongs economy had contracted 0.4 percent on sequential basis and grew 0.8 percent on year-on-year basis. This was the first contraction since 2014 amidst weak retail sales and trade...

USD/MXN likely to remain volatile in near-to-medium term

Jul 08, 2016 09:04 am UTC| Commentary

The USD/MXN currency pair appears set to remain volatile in the near-to mediumterm, with heightened global uncertainty after the Brexit vote weighing on the peso, said Commerzbank in a research report. The uncertainty is...

Hungary’s industrial output falls in June; Moody’s unlikely to change credit rating

Jul 08, 2016 08:59 am UTC| Commentary Economy

Hungarys June manufacturing data came in a tad weaker than anticipated. The nations industrial output declined 0.72 percent month-on-month following a surge of 5.4 percent in May. On an annual basis, output grew 4.2...

German trade surplus declines in May on shrinking exports

Jul 08, 2016 08:58 am UTC| Commentary

Germanys trade surplus declined in May following a sharp shrink in exports, compared to that in April. This is, however, an indication that Europes largest economy nosedived in the second quarter after a strong start to...

FxWirePro short term outlook: WTI likely to extend decline towards $35

Jul 08, 2016 08:46 am UTC| Commentary

In our previous post, published a day before the UK referendum we suggested atough fight between the bulls and the bears over the fate of WTI. If you cant recall the post named, WTI at critical juncture as bulls fight for...

FxWirePro long term outlook: Go long the FTSE100, short the sterling

Jul 08, 2016 08:16 am UTC| Commentary

Looking for a longer term position, then you can short the sterling against the dollar as we suggested in our previous post, We expect sterling to recover and try to test $1.4 per dollar area, so it is advised to sell...

China’s CPI inflation likely to have slowed again in June on weaker food price growth

Jul 08, 2016 07:35 am UTC| Commentary Economy

Chinas headline CPI inflation is likely to have decelerated again in June due to weaker food price growth. According to a Societe Generale research report, the nations CPI inflation is expected to have slowed to 1.8...