Jul 14, 2015 12:03 pm UTC| Insights & Views
US retail sales statistics for June will be released at 12:30 GMT, today. Why retail sales and US consumers are important? Domestic consumption of goods contribute about 25% of GDP or around $ 4 trillion as of...
Euro area Industrial production report highly concerning
Jul 14, 2015 11:59 am UTC| Insights & Views
Euro area industrial production dropped by -0.4% in May on monthly basis, which stands as worst decline since October last year. However production is still up by 1.6% from a year ago. Which sectors remain a drag to...
German and Italian data calm down euro sell-off stress after Greece bailout
Jul 14, 2015 11:43 am UTC| Insights & Views
The German ZEW has softened for three consecutive months, partly on the back of Greek-related tensions. On the other hand, euro area industrial production has disappointed with a contraction of -0.4% in May from over...
Iran done deal weighs on oil, time to buy IRR
Jul 14, 2015 10:55 am UTC| Insights & Views
Six major world powers (US, UK, France, Russia, Japan and Germany) sealed a nuclear deal with Iran, which is at one hand likely to curb Irans nuclear ambition for decades and free up Iranian crude in already oversupplied...
FxWirePro: Hedge and speculate XAU/USD using Spreads and Combinations
Jul 14, 2015 10:47 am UTC| Insights & Views
The precious metal has been tumbling consecutively from last couple of weekly but it seems to test support at 1145.58 to bounce back. Falling wedge formation has occurred on weekly charting, since this is bullish pattern...
Bullion market hopes end of losing streak on wedge formation
Jul 14, 2015 10:42 am UTC| Insights & Views
Gold dropped 1% on Monday as the dollar gained against the euro after leaders struck a deal to negotiate a Greek bailout, while signals the USFederal Reserve was still on track to raise rates this year also weighed. Greece...
BOE’s Carney gives pound a lift
Jul 14, 2015 10:31 am UTC| Insights & Views
Bank of England (BOE) Governor Mark Carney maintained his hawkish outlook, pushing pound higher against all of its major trading partners. Speaking at a Treasury Committee hearing BOE governor Mr. Carney said that the...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects