NHBC data showed UK housing starts indicator exceeds long-run average in 2015
Jan 28, 2016 14:39 pm UTC| Commentary
National House Building Council data, an industry group in UK, said on Thursday that 156,140 houses and apartments were registered for construction by British builders in 2015. The number was up 7 percent from 2014, a...
Jan 28, 2016 14:31 pm UTC| Commentary
Energy pack is mixed today. Weekly performance at a glance in chart table. Oil (WTI) - WTI is up today, gaining support from sharply rising Brent. Todays range $31.7-34.8 WTI is currently trading at $34.4/barrel....
Jan 28, 2016 14:16 pm UTC| Commentary
Bank of Japan (BOJ) will announce its monetary policy decisions tomorrow sometime in early Asian hours, probably around 3:00 GMT. Current monetary policy - BOJ is holding policy rates near zero at 0.1% and pursuing...
Chinese economy slowing down or not: Alibaba edition
Jan 28, 2016 13:11 pm UTC| Commentary Economy
There has been immense article of pessimism written over the past few years regarding Chinese economic slowdown. We also contributed to that mass. However, its time for some optimism. Alibabas result released today,...
Spanish labour market likely to grow moderately in 2016
Jan 28, 2016 12:31 pm UTC| Commentary
Spanish labour force survey print was better than expected in the fourth quarter of 2015, as Spains unemployment rate (seasonally adjusted) declined 0.7 points to 20.9 percent in Q4 15, recording its lowest in over four...
FxWirePro: Silver outlook – Drop below $10/troy ounce likely
Jan 28, 2016 12:30 pm UTC| Commentary
Supply/Demand is broadly balanced in Silver, unlike other industrial metals or even oil. According to World Silver Survey, 2015 (WSS, 2015). Net surplus in silver market was 2.6 million ounce. However, Silver isnt likely...
Gold markets eye Fed’s March policy decision
Jan 28, 2016 11:53 am UTC| Commentary
Gold edged up of $1,130 per troy ounce in late trading yesterday, but dropped $10 again this morning. The Fed did not give a clear picture to the market on how it plans to proceed with its rate hike cycle. The...
U.S. payrolls exceeded expectations significantly, while the unemployment rate dropps to 4.1%.