Record-high Iraqi oil exports in June
Jun 18, 2015 10:23 am UTC| Commentary
Oil prices closed virtually unchanged yesterday after a highly volatile day of trading. Brent initially climbed to $65.5 per barrel, then slumped to $62.6 but recovered to just shy of $64 per barrel again in the...
Jun 18, 2015 10:08 am UTC| Commentary
CPI is falling, import prices have collapsed, growth in Switzerland has eased notably.The Swiss National Bank (SNB) should not seem surprised by any of this in its quarterly Monetary Policy Assessment today. It was no...
Direction of TRY awaits coalition negotiations
Jun 18, 2015 09:51 am UTC| Commentary
USD/TRY has remained stable at 2.73 in recent times following its sharp jump after the 7 June election weekend. Uncertainty regarding the political outcome is a negative for the lira. But this is counter-balanced by a...
Jun 18, 2015 09:39 am UTC| Commentary
Will Norges Bank cut its key rate today as announced in March? In view of the recently mixed data, there is high uncertainty. According to Commerzbank, it still has good reason to stick to its plan of lowering interest...
Euro likely robust despite Greece uncertainty
Jun 18, 2015 09:31 am UTC| Commentary
Short term EUR-USD may face a tough time on the euro zone front. Today the euro zone Finance Ministers are meeting to finally find a solution to Greeces debt crisis. It is quite likely that the negotiations will carry on...
High carry and no negative news equal appreciation in BRL
Jun 18, 2015 09:22 am UTC| Commentary
The Brazilian real continues with the appreciation streak as it gained 1.1% vs. the USD to USD-BRL 3.056 by the end of the day. The US Fed communiqué did offer a more dovish than expected language that created a...
Fed dampens rate hike speculation and USD
Jun 18, 2015 09:12 am UTC| Commentary
Dampening rate hike speculation is one of the real talents of Fed President Janet Yellen. During yesterdays FOMC press conference she sent out relatively strong dovish signals to the market, despite an economic upturn in...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects