US ISM non-manufacturing index drops in January over retail sales weakness
Feb 04, 2016 04:46 am UTC| Commentary
US ISM non-manufacturing index for January dropped to 53.5 from 55.8. The index continues with a sharp downward trend from the Julys peak of 59.6. The US Fed officials will be worried that the slowdown in mining and...
Most Asian stocks rally as investors regain confidence in commodity
Feb 04, 2016 03:36 am UTC| Commentary
Asian stocks outside Japan are trading on higher note on early Asian hours. The main key driver behind the rally is rebound in Commodity prices. Oil as well as Gold prices rebounded overnight helping the investors to...
Euro bounce, fiscal balances in focus
Feb 04, 2016 02:41 am UTC| Commentary
The sharp overnight jump in the EUR/USD is likely to be strengthen the case for the European Central bank to step up stimulus when policymakers meet next in March. A strong currency combined with weak supply-side pressures...
Market odds of Fed hikes are falling fast
Feb 04, 2016 02:17 am UTC| Commentary Central Banks
The markets have always reckoned the Fed would hike fewer times than officials themselves thought but its the swing more than the gap that now catches the eye. Markets priced in close to 3 hikes in 2016 (after the initial...
Indonesia likely to cut interest rate around mid year
Feb 03, 2016 22:49 pm UTC| Commentary Central Banks
Indonesian real GDP expanded by an estimated 4.8% y/y in 2015. The main key drivers behind the lower growth were prolonged delays in government spending, sluggish private investment and the impact of weak global markets....
Mexico remains the favourite destination for the high yield Investment
Feb 03, 2016 22:14 pm UTC| Commentary
The ongoing Global downturn along with the weak commodity prices took the MXN to multi year low against US dollar. MXN depreciated to 18.80 per USD on January 21st 2016 and ultimately it is benefited to the Exports of the...
Oil slips despite production cut hints
Feb 03, 2016 21:20 pm UTC| Commentary
Oil price faces downward pressure from the weak economic data from China as well as US. Moreover the manufacturing sector in the two most important oil consumer countries is in a recession, which is increasing fears about...
U.S. payrolls exceeded expectations significantly, while the unemployment rate dropps to 4.1%.