Goldman Sachs believes Pound might crash 20% on Brexit
Feb 08, 2016 10:07 am UTC| Commentary
Last week US investment bank, Goldman Sachs predicted Pound could suffer a drop of as much as 20% if Britons choose to leave European Union and go its own ways. We, at FxWirePro, have written our opinions on that matter...
Fed likely to hike rates in June and December
Feb 08, 2016 10:00 am UTC| Commentary Central Banks
United States January establishment survey came in weak as nonfarm payrolls grew by 151k, not in line with markets expectations of 190k, which resulted from slow growth in the services sector employment. Services sector...
Business sentiment hits five year high in France
Feb 08, 2016 09:44 am UTC| Commentary Economy
Business sentiment index, which is compiled by Bank of France reached its highest level since March, 2011. Latest data have been pointing that Euro Zones second largest economy is finally gaining some ground both in soft...
Outlook towards base metals likely to improve
Feb 08, 2016 09:27 am UTC| Commentary
Recently, the LMEX base metal index rose to new levels, touching its highest level since mid-November 2015. The rise in the index was due to strengthening of physical demand and expectations for Chinas January metal...
Euro area Q4 GDP likely grew 0.3% q/q, unlikely to grow higher in Q1 2016
Feb 08, 2016 08:50 am UTC| Commentary
The forthcoming euro area Q4 GDP data is not expected to show any sign of expanding growth. The currency bloc is likely to have grown 0.3% q/q, the same as in Q3. With the recent downward trend in sentiment indicators,...
Wait for Yellen’s testifying, for next leg in Dollar
Feb 08, 2016 08:49 am UTC| Commentary Central Banks
Non-farm payroll report on Friday, provided some support to Dollar, with stronger than expected wage growth. However, it could take much longer for wage growth to lead to higher purchase, thus to higher inflation. FED...
Demand driven inflation out of reach of BOJ as wage growth subdued
Feb 08, 2016 08:43 am UTC| Commentary Economy Central Banks
Bank of Japan (BOJ) ambitious easing has so far failed to achieve targeted inflation path as consumers have scaled back their purchase after sales tax hike of 2% and now latest earnings data released today, show that...
U.S. payrolls exceeded expectations significantly, while the unemployment rate dropps to 4.1%.