Oil stabilizes after Saudi – Russia production cuts report
Feb 01, 2016 23:27 pm UTC| Commentary
The biggest exogenous shock over the past month was undoubtedly the slump in crude oil prices. Nowadays volatility on the oil market is very high and the ongoing erosion of oil investments could prevent prices sliding to...
Australia’s inflation likely to fall further
Feb 01, 2016 22:31 pm UTC| Commentary
Falling commodity prices and slowdown in China are the biggest challenges ahead of Australia. Free fall of crude oil prices put direct impact on the Februarys SoMP calculation. Societe Generale estimates that the February...
Australia’s trade balance outlook
Feb 01, 2016 21:51 pm UTC| Commentary
Australia reported a trade gap of $2.90 billion in November 2015, a decrease of 11 percent from a downwardly revised $3.25 billion deficit in a month earlier. While December data indicates that imports declined notably...
German labour market likely to remain strong in 2016
Feb 01, 2016 21:20 pm UTC| Commentary Economy
Nowadays German economy is struggling against big inflow against migrants and refugees. The refugees with prospects to stay durably will enter the labour market gradually and can help reduce the impact of demographic...
Feb 01, 2016 19:23 pm UTC| Commentary
The yellow metal traded higher on Monday, as a wave of risk aversion due to growth worries about global economic growth and weak factory data from China triggered demand for yellow metal. The commodity inched...
OPEC still producing way too much oil
Feb 01, 2016 16:39 pm UTC| Commentary
The ongoing discussion since mid last week about coordinated production cuts by Russia and OPEC saw oil prices close the trading week on Friday with significant gains. Brent was at one point trading at USD 36 per barrel,...
Currency snapshot (commodity pairs)
Feb 01, 2016 16:12 pm UTC| Commentary
Dollar index trading at 99.06 (-0.53%) Strength meter (today so far) - Aussie +0.04%, Kiwi +0.56%, Loonie -0.37% Strength meter (since last week) - Aussie +0.04%, Kiwi +0.56%, Loonie -0.37% AUD/USD - Trading at...
U.S. payrolls exceeded expectations significantly, while the unemployment rate dropps to 4.1%.