News And Market Analysis


  • Bitcoin Prices Surge to Fresh Record-High, Crossing $12,000 Mark

    December 6, 2017

    Prices of bitcoin surged to a new record-highon Wednesday, surpassing the recently reached $10,000 mark, to $12,000, gainingjust over $500 since the day’s open and a gain of more than 4% overall. The digital currency rose more than 10 times from $1,000 since the start of the year. According to a report from the BPI,

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  • Australia Q3 GDP Growth Falls to 0.6% Q/Q; AUD Slides Over 0.30%

    December 6, 2017

    Australia gross domestic product (GDP) rose 0.6% q/q in the third-quarter of this year, missing market expectations of 0.7% q/q/ growth, down from revised 0.9% q/q increase seen the previous quarter. On an annual basis, it climbed 2.8% y/y, which is lower than the Reuters’ median consensus of 3% y/y growth, but it is way

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  • Morning Outlook: Australian Dollar Tumbles on Lower-Than-Expected Q3 GDP; BoC Decision in Focus

    December 6, 2017

    Euro up vs the greenback after two straight days of losses USD/CAD gains ahead of BoC’s monetary policy decision AUD slides after reading lower-than-expected Q3 GDP EUR/USD: The euro traded higher vs the greenback during an early trading session Wednesday as the latter suffered after gaining for two successive days on progress in the tax

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  • AUDUSD: Profit Taking Kicks In as ISM Non-Mfg. Disappoints

    December 5, 2017

    The AUDUSD rose by 14 pips from today’s London session low of 0.7601 following the disappointing news that the U.S. ISM Non-Manufacturing Composite rose by 57.4 vs. the 59 anticipated in a Bloomberg poll. The disappointing news appears to have trigger profit taking in the AUDUSD, which declined sharply today from a London morning high

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  • Banxico Unlikely to Hike Next Week, Statement to Be Hawkish

    December 5, 2017

    Banxico new Governor Alejandro Diaz de Leon is expected to keep the benchmark interest rate unchanged at its monetary policy meeting, whichis scheduled for December 14 at 19:00GMT. Since his appointment a week ago the new governor has been caught up stressing that he would keep up monetary policy setting continuity and stability along with

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  • Eurozone Retail Sales Fall 1.1% M/M in October, Posting Biggest Monthly Decline Since December 2013

    December 5, 2017

    The Eurozone retail sales fell 1.1% m/m in October, worse than the Reuters’ median consensusof -0.7% m/m decline, down from 0.8% revised growth seen in September. This was the biggest monthlydecline since December 2013. On an annual basis, it 0.4% y/y, way lower than the market expectations of 1.5% y/y growth, down from 4% y/y

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  • United Kingdom Services PMI Falls to 53.8 in November; GBP Down Over 0.50%

    December 5, 2017

    The United Kingdom services PMI fell to 53.8 in November, lower than the Reuters’ median consensus of 55, down from October’s 55.6. However, activity in UK’s dominant service sector remained above the 50-mark for16 straight months, whichdivide growth from contraction.It appears that rise in prices hascrimped demand for services, which is impacting the pace of

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  • Eurozone Services PMI Remained Unchanged at 56.2; Germany's Fall to 54.3

    December 5, 2017

    The Eurozone services PMI remained unchanged at 56.2, in line with Reuters; median consensus. Moreover, the composite PMI (which includes both manufacturing and services) also remained steady at 57.5. On the other hand, German services PMI came in at 54.3 in November, as compared to the market expectations for 54.9, down from October’s 54.7. Germany’s

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  • Brent Oil Falls Over 0.40% to 2-Week Low of $62.20 After Atkinson Comment

    December 5, 2017

    Brent crude, the international benchmark for oil prices, fell over 0.40% to the two-week low of $62.20 per barrel after Neil Atkinson, head of oil industry and markets division at the International Energy Agency said that oil prices may decline over the coming months. Also, energy prices remain subdued after U.S. output grew to 9.5

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