FxWirePro: Go long on GBP/USD; not so fast
Apr 30, 2019 14:10 pm UTC| Commentary
GBP/USD on the run, After bottoming around 1.286 area, GBP/USD is recovering on the back of a weaker USD, as rampant speculation over a rate cut by the U.S. Federal Reserve is weighing on the dollar. The pair is...
Canadian economic growth shrinks sequentially in February
Apr 30, 2019 13:53 pm UTC| Commentary
The Canadian economic activity shrank in February. On a sequential basis, the Canadian economic growth contracted 0.1 percent, coming in slightly below market expectations of no change. The fall was broad based, with just...
Global Geopolitical Series: Trump-Erdogan to negotiate over purchase of Russian S-400 MDS
Apr 30, 2019 13:41 pm UTC| Commentary
On Monday, the White House put an end to the speculations over sanctions on Turkey over its purchase of Russian made S-400 Missile Defense System (MDS) - a decision which came under intense criticism in the United States....
U.S. under Trump Series: Trump administration to ratchet up pressure on Mexico over drug cartels
Apr 30, 2019 13:20 pm UTC| Commentary
In the second half of 2019, the Trump administration is likely to intensify pressure on Mexico to curb the amount of drugs coming to the United States via the southern border with Mexico. We have already warned our readers...
German import price index rises year-on-year in March
Apr 30, 2019 13:00 pm UTC| Commentary
German import price index rose in the month of March, According to the Federal Statistical Office (Destatis), the index of import prices rose 1.7 percent year-on-year. In the prior months, the annual rates had risen 1.6...
Norwegian retail sales rebound in March, jobless rate remains unchanged in February
Apr 30, 2019 12:48 pm UTC| Commentary
Norwegian retail sales recovered in March. Consumption figures appear to be consistent with the central banks views. Sequentially, retail sales rose 0.6 percent in March, coming in line with the consensus expectations....
Euro area economic growth accelerates above expectations in Q1 2019
Apr 30, 2019 11:57 am UTC| Commentary
Euro area economic growth accelerated in the first quarter of this year. Eurostats advance estimate showed that the economy grew 0.4 percent quarter-on-quarter, as compared with consensus expectations of a growth of 0.3...