May 19, 2016 10:19 am UTC| Commentary
The steady weakness in EM currencies that started from April has now accelerated in recent days, attaining more traction following the unforeseen revelation in the FOMC minutes that a June hike is most likely. However,...
Norges bank warn negative rates
May 19, 2016 10:08 am UTC| Commentary
Central Bank of Norway, has warned today that it stands ready to act and if required push rates to negative. Norway is the only major Nordic country, which still has a positive rate of 0.5%. Both Denmark and Sweden have...
UK retail sales rebounds in April
May 19, 2016 10:01 am UTC| Commentary
UKs April retail sales volumes grew 1.3% m/m. Meanwhile, retail sales ex-auto fuel was up 1.5% last month. The data came in above consensus expectations. On an annual basis, the headline retail sales grew 4.3% y/y....
FxWirePro medium term outlook: Copper likely to decline towards $1.6/pound
May 19, 2016 09:48 am UTC| Commentary
After its fourth failure attempt to break above $2.4/pound area, copper prices have declined to lowest level since February and more could be on the card. The red metal is popularly perceived as global barometer for...
China consumer confidence eases on weak response from households
May 19, 2016 09:32 am UTC| Commentary
The ANZ-Roy Morgan China consumer confidence eased in May, though remained upbeat in absolute terms, on slightly softer response from households on no expectations of good times over the next year. China consumer...
EUR/SEK slightly higher on weakening of risk appetite
May 19, 2016 09:24 am UTC| Commentary
The Swedish krona has repressed potential because of the comparatively solid growth outlook and performance. Swedish central bank, Riksbank, has totally acknowledged this via its KIX forecast. In March, Swedens production...
U.K Gilts plunge on strong retail sales, Fed hike prospects
May 19, 2016 09:20 am UTC| Commentary
The U.K Gilts plunged Thursday after data showed stronger than expected April retail sales data. Also, investors drove-out from safe-haven buying after FOMC April meeting minutes from the U.S. Federal Reserves strengthened...
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