FxWirePro: Gold likely to rise to as high as $1280 per troy ounce

Oct 12, 2018 11:38 am UTC| Commentary

After consolidating in a tight range of $1215-$1182, the yellow metal has given a breakout of the range this week, and we at FxWirePro believe that it still has ​a long way to go, before sellers can significantly dent the...

Cryptocurrency Brief: Bitcoin recovers from panic sell-off, Bithumb to sell 38 pct stake, Ripple to ink partnership with SWIFT – Friday, October 12th, 2018

Oct 12, 2018 11:35 am UTC| Commentary Economy Digital Currency Market Roundups

BTC/USD: Bitcoin prices recovered across the board during late European session Friday, after suffering heavily yesterday, following slight short-covering. Market participants are awaiting the United States Securities and...

U.S. Treasuries slump despite lower-than-expected September; FOMC members’ speeches in focus

Oct 12, 2018 10:44 am UTC| Commentary Economy

The U.S. Treasuries continued to plunge Friday despite a lower-than-expected CPI report, released late yesterday. Todays FOMC speeches by members Evans and Bostic, scheduled later and the export-import price index for the...

German bunds mixed after September CPI remains unchanged, Eurozone industrial production beats estimates

Oct 12, 2018 09:49 am UTC| Commentary Economy

The German bunds remained mixed on the last trading day of the week Friday after the countrys consumer price inflation (CPI) for the month of September remained unchanged and eurozones industrial production for August beat...

Oil in Global Economy Series: Canada’s heavy oil discount attracts big buyer

Oct 12, 2018 09:02 am UTC| Commentary

Canadas heavy oil, which is trading atheavy discounts to other global benchmarks such as the Brent or WTI, is finally attracting big buyers, who are eyeing lower cost on energy. Canadas main benchmark crude index, Western...

Brazilian real likely to weaken vs dollar on domestic political uncertainties; USD/BRL seen at 4.30 by end-2018: Commerzbank

Oct 12, 2018 08:59 am UTC| Commentary Economy

The Brazilian real is expected to weaken against the U.S. dollar over the coming months owing to domestic political uncertainties, with the USD/BRL seen rising to 4.30 by the end of this year, according to the latest...

SWIFT likely to be revitalised by Ripple and Santander

Oct 12, 2018 08:42 am UTC| Research & Analysis Digital Currency Insights & Views Commentary

It is quite known that Fintech has been one of the swiftly growing sectors. Fintech gamut symbolizes the progressive enterprises that leverage cutting edge technology to bring-in friendly financial products and solutions...