U.S. Treasuries gain ahead of retail sales, producer prices data

Jan 13, 2017 12:07 pm UTC| Commentary

The U.S. Treasuries gained Friday ahead of the release of retail sales and producer price data later in the day. Also, investors are awaiting the Federal Open Market Committee (FOMC) member Patrick T. Harkers speech late...

South African economy to recover gradually, likely to expand 1.3 pct in 2017

Jan 13, 2017 11:55 am UTC| Commentary

The South African economy was unable to keep the high pace of growth recorded in the second quarter and has been treading water in the third quarter, with a disappointing plus of just 0.1 percent sequential growth. Mining...

Czech consumption likely to boom on rising wages and upbeat consumers’ sentiment

Jan 13, 2017 11:34 am UTC| Commentary

The manufacturing industry continues to mainly drive the Czech economic growth; however, most sectors of the economy are indicating a positive trend. On the demand side, consumption has grown, underpinned by the rising...

FxWirePro Short term Outlook: Sell Copper now with 1:2 risk/reward ratio

Jan 13, 2017 11:31 am UTC| Commentary

In a previous article, named, FxWirePro: Sell copper at correction targeting $2.15 per pound, available at http://www.econotimes.com/ , we recommended to our readers going short in the copper at the then current rate of...

FOMC members stress on upside risks to U.S. interest rates

Jan 13, 2017 11:21 am UTC| Economy Commentary Central Banks

The U.S. Fed speakers have delivered a hawkish speechoverall, with two out of the four incoming voting members this year (Harker and Evans) suggesting that three quarter-point hikes in rates over the course of 2017 was...

FxWirePro: Swiss franc might correct to 0.98, bearish outlook maintained

Jan 13, 2017 10:53 am UTC| Commentary

The recent bout of weakness in the dollar has pushed the Swiss franc to test parity against the dollar and we suspect that in the short term, franc might actually break below parity as the momentum is clearly not in favor...

Hungarian headline inflation accelerates in December

Jan 13, 2017 10:39 am UTC| Commentary

Hungarys consumer prices accelerated in December on a sequential basis as well as on a year-on-year basis. On average, consumer price inflation rose 1.8 percent year-on-year. Food prices were up 1.3 percent. Meanwhile, a...