EUR/USD likely trade around 1.12 by 2016-end

Jun 17, 2016 11:15 am UTC| Commentary

Considerable movements have been witnessed in the EUR/USD pair in the past month due to the varying expectations regarding the US policy outlook. There were increased expectations of the US hiking rates in summer due to...

Eurozone wages rebound, still too weak to achieve ECB's inflation target of 2 pct

Jun 17, 2016 11:11 am UTC| Commentary

Wages in the Eurozone rebounded during the first three months of the year but remained weak, however, to provide any support to the European Central Bank in meeting its 2 percent targeted rate of inflation. The euro...

FxWirePro: Sell S&P 500 targeting 1950

Jun 17, 2016 10:45 am UTC| Commentary

In recent days, themarket has shown signs of risk aversion, which has led to big selloffs in some indexes globally like Japanese Nikkei, UKs FTSE 100 etc. Yet SP 500 has broadly maintained its strength. It is just around...

Canada’s near-term housing outlook remains strong; likely to moderate in 2017

Jun 17, 2016 10:08 am UTC| Commentary Economy

Canadas near-term housing outlook remains upbeat. In the first quarter, the Canadian residential activity accelerated noticeably and registered its most rapid pace since 2012. Growth was broad-based. Both resale and...

BoT likely to remain on hold ahead of Brexit referendum

Jun 17, 2016 10:06 am UTC| Commentary Central Banks

The Bank of Thailand is likely to maintain status quo at its upcoming monetary policy committee meeting on June 22 despite the International Monetary Fund urging policymakers to ease monetary policy to support growth and...

Oil price decline likely to bring US inflation's expectations to lowest level since 2008-09 crisis

Jun 17, 2016 09:59 am UTC| Commentary Central Banks

Inflation expectation is the United States as measured by 5year-5 year (5y-5y) forward inflation expectation rate is reaching for the bottom it made in February. The forward inflation expectations dropped to 1.42 percent...

Private consumption likely to drive US economy in 2016

Jun 17, 2016 09:59 am UTC| Commentary

In the first quarter, the US economy slowed again at an annualized rate of 0.7 percent q/q. In the past two years, slowdown in the U.S. economy during the first quarter was attributed to severe winters; however, the winter...