
Pound’s struggle in spite of signs of better quarter suggests downside ahead
Nov 03, 2015 10:53 am UTC| Insights & Views
Latest PMI report suggests that UK might enjoy a much better fourth quarter, reversing its recent weakness. Yesterday manufacturing PMI gauge steepened at fastest pace on Markits 24 year recorded history and moved to...

Dairy auction today to test Kiwi/Dollar wedge
Nov 03, 2015 10:11 am UTC| Insights & Views
Today another dairy auction is scheduled in New Zealand, which might decide the mood of Kiwi, heading into non-farm later the week. Dairy is the most vital among key exporting commodities of New Zealand, accounting...

FxWirePro: EUR/CAD bearish engulfing again to break channel line – likely to evidence more slumps
Nov 03, 2015 09:37 am UTC| Insights & Views Technicals
It seems to have a continued down streaks upon formation of back to back bearish patterns both on weekly and daily charts. We again spot outBearish Engulfingpattern candle formed at 1.4408 levels on daily charts of...

Pound/Dollar flirts in resistance area, focus on construction PMI today
Nov 03, 2015 09:20 am UTC| Insights & Views Technicals
After Superb performance of Manufacturing PMI, focus is on another key GDP pillar, construction for further cues. UK construction PMI report for October to be released at 9:30 GMT. Marginal softening is...

Dairy and weak Kiwi brighten outlook for New Zealand exporters
Nov 03, 2015 09:16 am UTC| Insights & Views
Latest report from ANZ shows, weaker New Zealand Dollar coupled with a rebound in dairy prices is providing some relief to the economy and its exporters. ANZ commodity price index, rose by 6.9% in October, second...

RBA monetary policy – assessing the bias
Nov 03, 2015 08:35 am UTC| Insights & Views Central Banks
Reserve Bank of Australia (RBA) decided today to keep its monetary policy steady with interest rates at 2% against some expectations in the market for further easing. Though the central bank may have kept the options...
Nov 03, 2015 07:23 am UTC| Insights & Views
GBPs gains after yesterdays U.Ks upbeat manufacturing PMI number at 55.5 versus previous 51.8, todays focus would be on construction PMI and tomorrows service PMI that would set a stage for next direction for GBPs major...