May 13, 2015
Economic Data from the UK this morning shows that Average Earning Index + Bonus have increased by 1.9% which is better than expected (1.7%) and highest since Feb 2011. This gives indication of personal income growth. Claimant count change also came out at -12.6k. These measures the number of unemployed in the UK and it… View Article
May 12, 2015
Sterling has been the best performing currency since the beginning of the week, among the Major currencies. It has rallied more than 200 pips. This can be attributed to the post-election effect of the unexpected Conservative Victory. This morning’s rally can be said to be due to economic data: Manufacturing production and industrial production which… View Article
May 11, 2015
People’s Bank of china (PBOC) cut interest for the third time in six months. The bank lowered interest rates by 25 basis points to 5.1%. This was necessary so as to forester economic growth and development in china. The bank also cut the benchmark deposit rate to 2.25%. The move was anticipated after poor economic… View Article
May 8, 2015
Friday 8th May 2015 – 11:40 Choppy price action in AUD overnight off the back of the RBA’s mixed Statement on Monetary Policy. AUD has held well considering the Chinese data and comments from the RBA. The RBA reiterated its guidance in May policy meeting that the rate cut was appropriate to provide some additional… View Article
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