South Korea’s industrial production jumps to near 3-year high in May

Jun 30, 2016 05:27 am UTC| Commentary

Industrial production in South Korea jumped to near three-year high in May, since 2013, remaining well above market expectations. This came in as the government announced a stimulus package to boost economic...

Australian bonds steady in subdued trade; focus on next week’s policy meeting

Jun 30, 2016 05:27 am UTC| Commentary

The Australian government bonds were little changed on Thursday during a relatively quiet session that saw little data of much significance. The yield on the benchmark 10-year Treasury note, which moves inversely to its...

FxWirePro: The Day Ahead- 30th June 2016

Jun 30, 2016 04:24 am UTC| Commentary Economy

Lots of economic dockets scheduled for today and all with low to medium risks associated. Data released so far: New Zealand: ANZ business confidence rose sharply to 20.2 in May from 11.3 in April. ANZ activity...

Asian markets continue to trade higher, gold almost flat at $1,317

Jun 30, 2016 02:31 am UTC| Commentary

All the major Asian indices are trading on a higher note on Thursday. On the other side, Yen appreciates despite lower than expected industrial production data and currently trading around 102.75 marks. Gold falls below...

Norway's May retail sales and household consumption stronger than expected, trend growth still low

Jun 29, 2016 15:39 pm UTC| Commentary

In a report, Statistics Norway said that Norwegian Retail Sales rose to a seasonally adjusted annual rate of 1.7 percent in May, from 0.0 percent in the preceding month. Data beat analysts expectation for a 0.5 percent...

Commodities snapshot (energy)

Jun 29, 2016 15:15 pm UTC| Commentary

Energy pack is up in todays trading. Weekly performance at a glance in chart table. Oil (WTI) WTI is up again today, riding on risk affinity. Todays range $48.6 -48 WTI is currently trading at $48.2/barrel....

Poland's Finance Minister reiterates no FX interventions to support the zloty

Jun 29, 2016 14:47 pm UTC| Commentary

Polish Finance Minister Szalamacha reiterated on Tuesday that the ministry doesnt plan FX interventions to support the zloty. He added that the currency would return to pre-Brexit levels (he nevertheless provided no...