FxWirePro: USDCHF short side target extended to 0.86

Jun 22, 2016 10:34 am UTC| Commentary

Anyone of our readers, who has gone through our previous call in dollar/franc exchange rate will better be able to relate it, which was given on December 10th 2015 Sell dollar against franc at 0.985 and at rallies with...

Banks likely to relocate jobs away from London if 'Brexit' succeeds, says EU’s Hill

Jun 22, 2016 10:29 am UTC| Economy Commentary

Corporate banks are likely to be forced to relocate jobs away from London, if Thursdays European Union referendum ends in favor of Brexit, said Jonathan Hill, the EUs financial services commissioner on Wednesday. Banks...

FX Hedging Strategy Series

FxWirePro: FX option positioning of USD/TRY on Bremain win scenario

Jun 22, 2016 10:20 am UTC| Commentary

A win by the Remain campaign in the tomorrows UK referendum would likely lead to outperformance in emerging market assets, including TRY, and produce lower USDTRY volatility, thereby causing this trade to...

Sweden’s seasonally adjusted jobless rate rises in May

Jun 22, 2016 10:13 am UTC| Commentary Economy

In May, Swedens seasonally adjusted jobless rate came in at 7.2 percent, more than consensus expectations of 6.9 percent and Aprils print of 6.7 percent. The rise in unemployment rate is mostly a statistical noise and is...

Fed Hike Aftermath Series

FED Hike Aftermath Series: Hike probabilities review post Yellen testimony

Jun 22, 2016 10:01 am UTC| Commentary Central Banks

Federal Reserve Chair Janet Yellen said she would carefully gauge when to raise rates again as the central bank will have to assess that economic growth is on theright track and labour market conditions are improving after...

HK consumer price inflation slows in May on lower food and housing prices

Jun 22, 2016 09:38 am UTC| Commentary Economy

On Tuesday, HKs Census Statistics Department released theconsumer price index data. According to the report, HKs overall consumer prices were up 2.6 percent year-on-year in May 2016, consistent with market consensus. Mays...

Mexican economic activity likely to have expanded in April

Jun 22, 2016 09:37 am UTC| Commentary Economy

Mexican economy is expected to have grown to trend in April, following slowdown in March. In April, Mexicos industrial production rose to 1.9 percent from Marchs -1.9 percent as all the segments recorded improved numbers....