Financial News

South Korean economy expands slightly below expectations in Q1, KRW likely to remain weak in near future

The South Korean economy expanded slightly below market projections in the first quarter. The GDP grew 2.8 percent year-on-year in March quarter, as compared with market expectations of 2.9 percent. On a sequential basis, the economic growth continues to keep a decent rate at a pace of 1.1 percent.

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FxWirePro Call Review: Brent target revised higher to $81 per barrel

In an article published last July, named, “FxWirePro: Buy Brent crude targeting $59 per barrel on Saudi export curb and Nigerian ceiling”, available at we recommended buying Brent crude to our readers at the then current price of $50.7 and at dips around $49 and $48.5with an initial target around $59 per barrel and stop loss at $45 per barrel.

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Singaporean industrial production moderates in March, likely to ease further in Q2 2018

Singaporean industrial production moderated in March. Industrial output rose 5.9 percent year-on-year, as compared with February’s downwardly revised growth of 6.7 percent. On a sequential basis, industrial production rose 0.3 percent, as compared with a fall of 2.6 percent recorded in February.

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FxWirePro: Add hedging tool to KRWs softness on mixed bag of South Korean fundamentals

The South Korean economy has witnessed 2.8% y/y in the Q1 of 2018, a notch lower than market consensus at 2.9%. QoQ growth maintains a decent pace at seasonally adjusted 1.1%.

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Swedish economic sentiment indicator rises in April, suggests strong growth

The Swedish economic sentiment indicator, which covers firms and households, rose in the month of April and indicates solid growth. The overall economic indicator, ESI, rose to 110.4 from 108.4. Consensus expectations were for the indicator to have dropped to 107.5.

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