US Fed interest rate hike around the corner?

Nov 06, 2015 06:38 am UTC| Commentary Central Banks

US Federal Reserve kept its interest rates near zero for almost a decade now, and this year it has brought in many anticipations around. Markets were pricing for the hike since H2 2015 and now the next likely time is...

US Oct unemployment rate likely at 5.0%, seperations data points to strong labor conditions

Nov 06, 2015 06:33 am UTC| Commentary

The applications for jobless claims in US rose to 276k for the week ending October 31, modestly above the market consensus of 262k expectations. The four-week average increased to 263k from previous 259k, but remains quite...

U.K. inflation may remain below 1% in H1 16

Nov 06, 2015 06:26 am UTC| Commentary Central Banks

The Bank of England held its policy stance unchanged. The Banks balance of voting was in favor of the status quo as it remained at 8 to 1. Analysts were expecting the central bank to retain the current bank rates. The...

FxWirePro: Silver forms Bullish Cypher Pattern, good to buy at dips

Nov 06, 2015 06:11 am UTC| Technicals Commentary

Harmonic Pattern Formed- Bullish Cypher Pattern Potential Reversal Zone (PRZ)- $14.70 Any break below $14.70 will take the pair till $14.30/$ weakness only below $13.96 level. On the higher side minor...

US unemployment rate likely to reach 5.0% in October

Nov 06, 2015 05:47 am UTC| Commentary

In U.S., the jobless claims were forecasted to reach 263K in consensus, while the previous figure for Septmber was 260K, shy below the current forecast. However the US October jobless claims came at 276k, wa ahead of the...

BoE's surprisingly dovish 'Super Thursday'

Nov 06, 2015 05:12 am UTC| Commentary Central Banks

Bank of England indicated that it is not in hurry to raise the rates till 2016, seems like UKs interest rates are set to remain at their lowest levels comfortably till next year. The bank was unexpectedly dovish in...

Russia's monthly inflation rate likely to reach 0.6%

Nov 06, 2015 05:10 am UTC| Commentary

In Russia, the inflation rate recorded 15.6% year on year, which was 15.7% in September. The annual rate of inflation of the economy is about to enter a five-month period during which it will plummet rapidly due to base...