FxWirePro: Yen likely to strengthen towards 110 per dollar

Jan 12, 2017 06:47 am UTC| Commentary

As the Dollar weakened last night after Donald Trumps speech, the yen has cleared a key resistance against the dollar and the USD/JPY pair decisively broke below 115.9 area. Several factors drove the yen over the past few...

China’s trade growth seems to have continued to rebound in December

Jan 12, 2017 06:47 am UTC| Commentary

Chinas trade growth is expected to have continued to rebound in December. In the prior month, the nations trade growth surprised on the upside and is likely to have continued with its positive momentum in...

Brazil central bank surprises market with deeper interest rate cut, lowers 75bps to 13 pct

Jan 12, 2017 06:42 am UTC| Commentary Central Banks Economy

The Brazil central bank (BCB) in its first monetary policy of 2017, surprised markets with a deeper interest rate cut of 75 basis points to 13 percent, hitting the lowest level since March 2015. This rate cut was higher...

Digital Currency Revolution

FxWirePro: Bitcoin tumbles over 33.4% in just two weeks, Is this a myth of panicky sell or credit actually hangs on PBoC – Unearth fact from fiction

Jan 12, 2017 06:39 am UTC| Digital Currency Central Banks Commentary

BTCUSD could not manage to establish its all-time highs, plummeted from the recent highs of 1163 to the current 758 levels in just 2 weeks. Well, bears getting traction ahead if you have to look into the volumes indicator...

National Bank of Poland stands pat, likely to keep rates on hold until 2017-end

Jan 12, 2017 06:26 am UTC| Commentary Central Banks

The Monetary Policy Council of National Bank of Poland yesterday decided to keep its interest rates on hold. The central bank left its benchmark reference rate at 1.5 percent, consistent with market expectations, and...

New Zealand 10-year bond yields plunge to 1-1/2 month low, 5-year yields lowest in 5 weeks

Jan 12, 2017 06:12 am UTC| Commentary

The New Zealand 10-year bond yields plunged to almost 1-1/2 month low Thursday, while the medium-term 5-year bond yields hit lowest in over five weeks, following recovery in global debt market. In intraday trading, the...

ANZ Commodity Price Index rises for eighth straight month in December

Jan 12, 2017 05:41 am UTC| Commentary

The ANZ Commodity Price Index rose 0.7 percent sequentially in December, as compared with the upwardly revised 3.2 percent rise in the prior month. This is mainly because of the continuing comeback story of dairy prices in...