FxWirePro: Most Asian markets in red, gold trades flat $1,580 mark
Jan 28, 2020 05:40 am UTC| Commentary
Most of the major Asian indices were trading on a lower note on Tuesday. Gold was trading around $1,580 mark while silver was trading around $18.07 mark. Japans Nikkei was trading 0.70 pct lower at 23,186.50...
Australian 10-year bond yield plunges to over 3-month low amid rise in Coronavirus casualties
Jan 28, 2020 04:44 am UTC| Commentary Economy
The Australian 10-year bond yield plunged to over 3-month low during Asian session Tuesday as investors remained risk-averse amid the increase in the number of casualties from Coronavirus as well as the number of countries...
Bank of England likely to cut interest rate by 25 bps in January
Jan 27, 2020 18:45 pm UTC| Commentary
The Bank of Englands MPC is set to meet this week for its interest rate decision. According to a Barclays research report, the central bank is expected to cut the interest rate by 25 basis points and maintain the status...
U.S. economic growth likely to decelerate further in 2020
Jan 27, 2020 18:44 pm UTC| Commentary
The U.S. economy is likely to decelerated further in 2020 as a whole as the effects of fiscal and monetary stimulus wane, consumer spending eases slightly, and labor market momentum decelerates, noted Barclays in a...
U.S. new home sales fall come in below expectations in December
Jan 27, 2020 17:46 pm UTC| Commentary
U.S. new home sales dropped 0.4 percent in December, as compared with the expected rise of 1.5 percent. Furthermore, the change occurred from a downward revised level in the prior month. In spite of the downside surprise,...
U.S. durable goods orders likely to have contracted in December
Jan 27, 2020 15:22 pm UTC| Commentary
The U.S. durable goods data for the month of December is set to release tomorrow. According to a Barclays research report, the durable goods orders are likely to have dropped in the month. We expect durable goods orders...
National Bank of Hungary likely to keep interest rate on hold in January
Jan 27, 2020 13:41 pm UTC| Commentary
The National Bank of Hungary is set to meet tomorrow for interest rate decision. According to a KBC Market Research report, the Hungarian central bank is likely to keep the overnight deposit rate on hold at -0.5. The...