Financial News

FxWirePro: Load-up longs for Palladium versus Gold as industrial metal to outpace yellow metal among PGM bloc

Given that palladium is widely regarded as the most “industrial” metal within the precious metals complex and more closely linked to the business cycle, it is not surprising that its price rose at the strongest pace, gaining on the back of a rally in industrial metals to re-test the psychologically important $1,000/oz level.

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Euro area flash PMIs rise strong in November, economy likely to grow robustly

The euro area economy is expected to keep growing strongly. The flash Purchasing Managers’ Index for the service sector rose sharply for the month of November. The index rose to 56.2 from 55 in the previous month, while the manufacturing PMI index rose to 60 from 58.5.

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Singapores Q3 GDP growth upwardly revised, inflation likely to rise in November

Singaporean economic growth was upwardly revised from its initial advanced reading for the third quarter of 2017. The sequential growth was upwardly revised to 8.8 percent from the initial advanced reading of 6.3 percent.

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FxWirePro: Sell pound against yen targeting 143 area

In a recent article, named, “FxWirePro: Bulls remain in charge of pound despite Brexit and political woes”, available at http://www.econotimes.com/FxWirePro-Bulls-remain-in-charge-of-pound-despite-Brexit-and-political-woes-1024123 , we pointed out that despite Brexit and domestic political trouble the pound bulls are not ready to give in to the bears yet.

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FxWirePro: Buy Aussie targeting 0.87 against dollar over longer horizon

As the global commodity outlook improves after years-long supply/demand mismatch in the aftermath of the 2008/09 crisis and more so due to Chinese economic slowdown since 2013, we recommend going long in the Australian dollar as a long-term bet.

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