Financial News

FxWirePro: The Day Ahead- 16th May 2019

Lots of economic data and events scheduled for today, and some with high volatility risks associated.

Data released so far:

  • Australia: Unemployment rate rose to 5.2 percent in April from 5.1 percent in March, as the participation rate rose by 0.1 percent to 65.8 percent.
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America's Roundup: Dollar gains on Sino-U.S. trade talk hopes, Wall Street ends higher, Gold flat, Oil firms as U.S. crude stocks rise unexpectedly-May 16th,2019

Market Roundup

• Trump expected to delay auto tariffs decision by up to six months - officials

• Fed's Barkin sees no case for a rate hike or cut

• Atlanta Fed trims U.S.

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FxWirePro: A glimpse at PLNs outperformance/underperformance and trade recommendation

It is reckoned that CE4 FX is most likely to underperform the dollar-driven high betas in EMFX-bloc in the days to come.

The National Bank of Poland (NBP) held its benchmark reference rate at a record low of 1.5 percent on May 15th, 2019, as widely expected, after inflation rate rose to 2.2 percent in April, the highest level since November of 2017 and slightly below the central bank's medium-term target of 2.5 percent.

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FxWirePro: Why Trump might delay auto tariffs?

Bloomberg news agency reported that President Trump to delay the decision on auto tariffs for six months so, which has somewhat helped the U.S. benchmark stock index s&P500 recover some of the lost ground.

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French inflation decelerates sequentially in April on sharp slowdown in energy, manufactured production

French headline inflation decelerated sequentially in April. The consumer price index rose 0.3 percent, a slowdown from 0.8 percent rise seen in the prior month. The deceleration was mainly driven by sharp slowdown in manufactured production, energy and tobacco.

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