FxWirePro: Soured iron ore rally might push Aussie for another test of 0.72 support area

Mar 10, 2017 10:17 am UTC| Commentary Economy

After an 85 percent rise in 2016, the price of iron ore increased by another 7 percent in 2017 but that rally seems to be coming to an end. The price of iron ore has more than doubled from its bottom in December 2015 below...

US under Trump Series

US under Trump Series: Glass-Steagall Act on the table

Mar 10, 2017 08:15 am UTC| Commentary Economy

In 1933, in the wake of 1929 great depression and during nationwide commercial bank failures, the United States congress introduced a new act, known as the Glass-Steagal Act (GSA) of 1933, which separates investment and...

Central Banking Series

BoE likely to maintain 'neutral' policy stance, Bank Rate at 0.25 pct: Danske Bank

Mar 10, 2017 07:01 am UTC| Commentary Central Banks Economy

The Bank of England (BoE) is expected to maintain its neutral policy stance at the monetary policy meeting, scheduled to be held on March 16. Further, the central bank is also expected to hold its Bank Rate at 0.25 percent...

U.S.-Asia policy divergence likely to widen further in near-term, says ANZ Research

Mar 10, 2017 06:19 am UTC| Commentary Economy

Asias macroeconomic picture has improved, coupled with a rebound in headline inflation. Indeed, data surprises have turned positive since last November, with momentum at its strongest since 2011. While markets are...

US under Trump Series

US under Trump Series: Munchin warns congress of upcoming debt ceiling

Mar 10, 2017 06:09 am UTC| Commentary Economy

President Donald Trumps Treasury Secretary Steven Munchin has warned the both houses of congress in an open letter of the looming debt ceiling, which is expected to get hit on March 15th. The image of the letter is...

Renminbi Series

China's new yuan loans fall less than expected in February

Mar 09, 2017 16:49 pm UTC| Commentary Economy

Chinas new yuan loans fell sharply in February from near-record levels in the previous month but were still higher than expected. Chinese banks extended 1.17 trillion yuan (about 169.2 billion U.S. dollars) of new yuan...

OBR raises UK 2017 growth forecast to 2 pct, but warns of “unsustainable” spending binge

Mar 09, 2017 15:40 pm UTC| Commentary Economy

The independent Office of Budget Responsibility (OBR) on Wednesday raised U.K. growth forecast for 2017 year to 2 percent from 1.4 percent projected in the Autumn Statement in November. OBR said that U.K. economy is set to...