Currency snapshot (major pairs)
Feb 08, 2016 12:13 pm UTC| Commentary
Dollar index trading at 97.19 (+0.14%). Strength meter (today so far) - Euro -0.23%, Franc -0.56%, Yen +0.10%, GBP -0.57% Strength meter (since last week) - Euro -0.23%, Franc -0.56%, Yen +0.10%, GBP -0.57% EUR/USD...
Renminbi’s depreciation seen as a viable option for PBoC
Feb 08, 2016 11:46 am UTC| Commentary Central Banks
Chinas balance of payment has deteriorated over a period of time and now exports alone cannot recover the high net capital outflow. In order to reduce the deficit the central bank will have to shed out from its reserve...
Bund jumps to new high as investors rush for safe assets
Feb 08, 2016 11:23 am UTC| Commentary
Asian upside vanished for equities and market has plunged to red once again to start off the week. China is closed for the week, due to Lunar New Year celebrations, otherwise, it could have been a messier Monday. Over the...
More depo rate cuts still an option for the ECB, however, bold action unlikely
Feb 08, 2016 11:16 am UTC| Commentary Central Banks
After lowering its repo rate by 10bp and extending its quantitative easing in December 2015, the ECB left its key interest rates unchanged in Jan, even as low energy prices and concerns about Chinas impact on the global...
European stocks down in calm trading session
Feb 08, 2016 11:11 am UTC| Commentary
European markets are trading lower and hit 15 month low on data light European calendar. Germanys DAX 30 index declined 2.58% to trade at 9,046.42, while the UKs FTSE 100 index fell 1.81% to 5,742.53. Among the other...
Japanese wage data fails to impress the central bankers
Feb 08, 2016 11:08 am UTC| Commentary Economy Central Banks
According to recent data from Japans Ministry of Health, Labour and Welfare, Decembers bonus payments declined 0.4% below that of 2014, shattering the Japanese central bankers hopes of re-inflation. Further the summer...
FxWirePro: USD/CAD could retrace lower on Dollar and oil
Feb 08, 2016 10:58 am UTC| Commentary
Canadian Dollar, has been one of the biggest gainer from late January as oil showed some signs of rebound and Dollar weakened across the board. Canadian economy is suffering unprecedented hardship not only due to lower oil...
U.S. payrolls exceeded expectations significantly, while the unemployment rate dropps to 4.1%.