Key supports and resistances for kiwi pairs

Aug 10, 2016 12:22 pm UTC| Commentary Technicals

High volatility moves are expected as the Reserve Bank of New Zealand (RBNZ) is heading to announce policy decision. A rate cut is widely expected so there could be big gyrations in theabsence of that. EUR/NZD ...

Currency War Series

Bank of Mexico likely to keep overnight rate unchanged on Thursday

Aug 10, 2016 11:56 am UTC| Commentary Central Banks

The Bank of Mexico is likely to stand pat during its board meeting on Thursday, said Societe Generale in a research note. The central bank, during its meeting in June had tightened the policy more than expected due to...

Danish headline inflation accelerates in July, likely to reach 1 pct by 2016-end

Aug 10, 2016 11:40 am UTC| Commentary Economy

Denmarks inflation in July accelerated 0.3 percent year-on-year. This is unchanged from June and consistent with consensus projection. Last month, core inflation accelerated 0.9 percent. The rise in core inflation was...

RBNZ likely to slash cash rate to new record low of 2 pct

Aug 10, 2016 11:38 am UTC| Commentary Central Banks

The Reserve Bank of New Zealand is expected to slash the central banks Official Cash Rate (OCR) by 25 basis points to new record low of 2.00 percent at its monetary policy meeting scheduled to be held on August 11...

Brazil’s Dilma to face trial after Senate indicts her

Aug 10, 2016 11:31 am UTC| Commentary Law

Former President of Brazil, Dilma Rousseff will face trial in an impeachment process after Brazilian Senate voted against her on charges of breaking the law. The senate members voted 59 to 21 in favor of indicting Dilma....

Bank of Korea likely to keep policy rate on hold at 1.25 pct

Aug 10, 2016 11:16 am UTC| Commentary Central Banks

The Bank of Korea, South Koreas central bank, is likely to keep its policy rate unchanged at 1.25 percent during its meeting on Thursday, said Societe Generale in a research note. Recently, market anticipation of a...

Mexico’s industrial production continues to grow at sluggish pace; domestic demand growth unlikely to accelerate

Aug 10, 2016 11:13 am UTC| Commentary

Mexicos industrial production is expanding at a sluggish pace in 2016. Growth in industrial output has averaged at 0.9 percent in 2015-2016, as compared with 2.6 percent in 2014 and average expansion of 1.6 percent since...