Brazilian unemployment rises to 66 month high and Real gets crushed
Sep 24, 2015 14:53 pm UTC| Insights & Views
Brazilian Real in a free fall ride after it surpassed its previous all-time low against Dollar this week. Last time Real was above 4 per Dollar was back in 2002, when default by Argentina equally gripped its...
Equities and Dollar down heading into Yellen’s speech
Sep 24, 2015 14:20 pm UTC| Insights & Views
US Federal Reserve Governor Janet L. Yellen is scheduled to speak at University of Massachusetts Amherst over Inflation Dynamics and Monetary policy at 21:00 GMT or 17:00 ET. While her views are unlikely to change much...
WTI price squeeze, breakout ahead
Sep 24, 2015 13:33 pm UTC| Insights & Views
WTI crude prices jumped back sharply after reaching lowest level since the crisis at $38/barrel in late August as concern over Chinese slowdown and forceful Yuan devaluation by China weighed in. Chinese Yuan...
Volkswagen scandal widens platinum-palladium spread
Sep 24, 2015 12:47 pm UTC| Insights & Views Business
Platinum is taking major hit over Volkswagen scandal as it is expected to reduce the demand for the metal which is highly used in diesel cars. Industry expectation is that Volkswagen scandal over diesel car emissions...
Strong German business climate might face downturn over Volkswagen scandal
Sep 24, 2015 11:45 am UTC| Insights & Views
Todays IFO report showed business sentiment remained strong in Germany, which is most important manufacturing hub in Europe as well as world. IFO expectations rose in September to 103.3 from 102.2 in August. IFO -...
FxWirePro: EUR/CHF to maintain its uptrend in long term, Swiss trade not suffice to prop up currency
Sep 24, 2015 11:36 am UTC| Insights & Views Technicals
Swiss has produced an upbeat trade surplus numbers on the flip side. The healthy Swiss trade balance has printed at 2.87 billion which is well beyond market analysts projections at 2.77 billion but below the previous flash...
Path of ECB policy a likely worry for SNB
Sep 24, 2015 11:13 am UTC| Insights & Views Central Banks
The Swiss National Bank delivered its monetary policy announcement on Sept 17th, where it left the policy mix unchanged as broadly expected, in an effort to rein in the Swiss franc, which it said remained significantly...
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