Fed holds course for rate hike in December and two more in 2018, says Landesbank
Nov 08, 2017 04:53 am UTC| Commentary Central Banks Economy
The Federal Reserve left the target range for overnight rate at 1.00 percent to 1.25 percent, in line with the unanimous expectation of the bank economists surveyed by Bloomberg, the Open Market Committee of the Federal...
FxWirePro: The Day Ahead- 8th November 2017
Nov 08, 2017 04:48 am UTC| Commentary Economy
Lots of economic data and events scheduled for today and some with high volatility risks associated. Data released so far: China: October trade balance came at $38.2 billion with exports rising by 6.9 percent y/y...
FxWirePro: Asian markets marginally higher, gold stabilizes above $1,270 mark
Nov 08, 2017 04:42 am UTC| Commentary
All the major Asian indices were trading on a higher note on Wednesday. Gold was trading around $1,277 mark while silver was trading around $17.01 mark. Australias SP/ASX 200 was trading 0.09 pct higher at 6,020.50...
JGBs trade higher on BoJ’s strong daily market operations
Nov 08, 2017 03:45 am UTC| Commentary Economy
Japanese bonds traded firmerWednesdayfollowing solid daily market operations from the Bank of Japan (BoJ). In addition, continues dovish comments from Governor Kuroda kept the bond yields under control. The yield on the...
Australian bonds tad higher ahead of RBA’s SoMP; movement in U.S. Treasuries eyed
Nov 08, 2017 01:55 am UTC| Commentary Economy
Australian bonds traded a little firmerWednesdayas markets awaited the Statement on Monetary Policy (SoMP) from the Reserve Bank of Australia. In addition, development in the U.S. Treasuries remained in focus. The yield...
Nov 07, 2017 20:44 pm UTC| Commentary
Industrial production in the U.K. has decelerated in 2017 along with the remainder of the economy. Uncertainty linked with Brexit has not only constrained capital spending, but also the rise in inflation has eroded growth...
CBR likely to cut interest rate by 25 bps in December, USD/RUB likely to trade at 59.5 by end-2017
Nov 07, 2017 20:18 pm UTC| Commentary
The Russian central bank, Central Bank of Russia is still expected to just moderately lower its interest rate in December. According to a Nordea Bank research report, the CBR is likely to lower its rate by 25 basis points...