FxWirePro: Euro declines for 10th consecutive day, longest since Lehman collapse

Nov 18, 2016 08:08 am UTC| Commentary

The euro is in decline against the dollar for a10th consecutive day and the last time this kind of more happened was back in September 2008, just four days before the Lehman Brothers collapsedwhen it declined for 11...

Global Geopolitics Series

Global Geo-political Series: Assad likely to find an ally in Trump

Nov 18, 2016 07:42 am UTC| Commentary

Syrian President Bashar al-Assad could see the tide of the conflict changingwhen Russia joined that battle in Syria along with Iran in last September in support of the President and to fight against theIslamicState...

Domestic demand likely to spur India’s economic momentum, RBI likely to cut rate in Q1 2017

Nov 18, 2016 07:12 am UTC| Commentary

Amongst the major economies globally, India is likely to be the economic growth outperformer, noted Scotiabank in a research report. Domestic demand is expected to drive the momentum that is responding to supportive...

Chinese sovereign bonds sag following U.S. Treasuries, 10-year yields inch away to break June high of 3 pct

Nov 18, 2016 07:00 am UTC| Commentary

The Chinese sovereign bonds slumped Friday as investors moved away from thesafe-haven buying amid following weakness in the U.S. Treasuries. Also, the Federal Reserve Chair Janet Yellen in her testimony to the Joint...

Singapore exports likely to remain tepid in near-term on weakness in global business conditions

Nov 18, 2016 06:55 am UTC| Commentary Economy

Exports in Singapore are expected to remain tepid in the near-term, following weakness in global business conditions. There are still pockets of risk in the horizon pertaining to key markets such as China, the US and the...

U.S. initial jobless claims drop sharply, indicates continued progress in labor markets

Nov 18, 2016 06:35 am UTC| Commentary

U.S. initial jobless claims for the week ending 12 November dropped to 235,000, much below the consensus expectations of 257,000. The sharp decline in initial claims in that week brought the four-week moving average in...

Central Banking Series

Central Banking Series

Central Banking Series

Yellen’s testimony to be supportive of dollar ahead, says Scotiabank

Nov 18, 2016 06:34 am UTC| Commentary Economy Central Banks

U.S. Fed Chair Janet Yellens testimony on the U.S. economy to the Joint Economic Committee yesterday set the stage for a rate hike in December, noted Scotiabank in a research report. The Fed Funds Futures shows possibility...