Political uncertainty to cast its shadow over Australia's credit rating
Jul 04, 2016 14:54 pm UTC| Commentary
Major rating agencies issued statements after Australias general election on Saturday. Moodys Investors Service said there were limited implications for now for Australias AAA grade, while Fitch Ratings said a wider...
Will Bank of England announce its move next week?
Jul 04, 2016 14:28 pm UTC| Commentary Central Banks
Bank of England meets on July 14 to decide policy measures and investors are debating over whether the central bank will ease policy or wait until August Quarterly Inflation Report, when new post-Brexit forecasts will be...
UK Markit construction PMI misses expectations, slips into contraction in June
Jul 04, 2016 14:04 pm UTC| Commentary
Data released on Monday showed that the pace of UK construction slowed more than expected in June. The Markit/CIPS UK construction purchasing managers index slipped in contraction, fell to 46.0 from 51.2 in May, marking...
Commodities snapshot (precious & industrial)
Jul 04, 2016 14:02 pm UTC| Commentary
Metal pack is mixed today. Performance this week at a glance in chart table - Gold: Gold is higher on haven demand. Todays range $1335-1357 Gold is currently trading at $1351/troy ounce. Immediate support lies...
Jul 04, 2016 13:42 pm UTC| Commentary
Energy pack is mixed in todays trading. Weekly performance at a glance in chart table. Oil (WTI) WTI is marginally lower on low volatility day as U.S is closed for Independence Day. Todays range $49.3...
Elections only a temporary setback for Aussie
Jul 04, 2016 13:34 pm UTC| Commentary
Australian dollar has been the most volatile currency in the Asian trading session. After it became clear over the weekend that the parliamentary elections would not result in a clear majority for the four-party coalition...
Currency snapshot (commodity pairs)
Jul 04, 2016 13:32 pm UTC| Commentary
Dollar index trading at 95.58 (-0.1%) Strength meter (today so far) Aussie +0.82%, Kiwi +0.60%, Loonie +0.04% Strength meter (since last week) Aussie +0.82%, Kiwi +0.60%, Loonie +0.04% AUD/USD Trading at...
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