USD/CNY likely to hit 6.90 mark; not much volatility seen ahead of G-20 meeting, says Commerzbank

Jun 26, 2019 09:20 am UTC| Commentary Economy

The USD/CNY currency pair is expected to hit the 6.90 mark, although not much of a volatility is likely to be seen ahead of the G20 meeting in Osaka, Japan, according to the latest research report from Commerzbank. It...

Global Geopolitical Series: Chinese banks likely to face sanction pressure if trade talks fail

Jun 26, 2019 09:01 am UTC| Commentary

All eyes are focused on this weeks much anticipated Trump-Xi meeting, where both Presidents will hold extensive talks on issues related to trade, security, North Korea, Iran, and intelligence and technology cooperation....

FxWirePro Call Review: U.S. agricultural devastation in mid-West supports outlook in Corn and Wheat

Jun 26, 2019 08:07 am UTC| Commentary

In the month of May, we forecasted that both corn and Wheat price are likely to move higher after their respective bounce back from 2018 and 2017 bottom on President Trumps assured assistance to farmers to counter Chinas...

JGBs close lower ahead of May retail sales, industrial production data

Jun 26, 2019 06:45 am UTC| Commentary Economy

The Japanese government bonds closed lower on Wednesday as investors await the release of the countrys retail sales and industrial production data for the month of May, scheduled to be released on June 26 and 27 by...

Renminbi Series: Yuan’s share in global payments rises in May; dollar continues dominance

Jun 26, 2019 06:44 am UTC| Commentary

Despite President Trumps toughening stance towards foreign policies and trade relations and use of USD as a means to impose sanctions, the dollar continues to dominate the global payment system. The dollar continues to...

FxWirePro: The Day Ahead- 26th June 2019

Jun 26, 2019 06:20 am UTC| Commentary Central Banks

Lots of economic data and events scheduled for today, and some with high volatility risks associated. Data and events so far: New Zealand: RBNZ kept the interest rates unchanged at 1.5...

FxWirePro: Asian markets mixed, gold touches $1,403 mark in early Asia

Jun 26, 2019 04:55 am UTC| Commentary

All the major Asian indices were trading on a mixed note on Wednesday. Gold was trading around $1,407 mark while silver was trading around $15.20 mark. Japans Nikkei was trading 0.50 pct lower at 21,060.49...