Slovakia’s consumer price inflation accelerated in March after easing in the previous month, figures from the Statistical Office of the Slovak Republic showed Friday. Consumer prices climbed 2.4 percent year-on-year in March, slightly faster than the 2.1 percent increase in February. The measure has been rising since December 2016. Prices of food and non-alcoholic beverages grew 5.7 percent annually and clothing and footwear prices rose by 2.5 percent. On a monthly basis, consumer prices edged
According to the latest trade data published by China Customs on Friday, China’s crude oil imports jumped in the month of March to reach the second highest on record. Stronger demand from the refineries was cited as the main reason for the surge, as the refiners replenished stocks on generous government quotas and ahead of peak maintenance season. Key Details: “March shipments came in at 39.17 million tonnes, or 9.22 million barrels per day (bpd).
   •  RBA’s FSR helps offset disappointing Chinese trade balance data.   •  Subdued USD demand/US bond yields provide an additional boost. The AUD/USD pair finally broke out of its 2-day old trading range and moved past 100-day SMA barrier to currently trade around one-month high, just below the 0.7800 handle. After two days of the directionless move, the pair caught some fresh bids on Friday after the RBA Financial Stability Report (FSR) stated that the
Talking Points: China posted its first Dollar-terms trade deficit for over a year Singapore tightened monetary policy for the first time in six Asian stocks got a strong US tailwind Would you like to know more about Bitcoin? The DailyFX Beginners’ Guide is all yours Asian Stocks were mostly higher Friday as risk appetite continued to gain and markets looked ahead with confidence to the US corporate earnings season. Worries about immediate Western military intervention
WASHINGTON — Britain, France and the U.S. united Thursday around broad plans for a military strike against Syria as they worked to bridge differences over the scope and purpose of a coordinated response to a suspected chemical weapons attack, U.S. officials said. President Donald Trump met with his national security team to weigh military options while Syrian President Bashar al-Assad sought to limit the impact of an expected attack by moving warplanes under the protection
By: DailyForex.com Gold prices fell $17.75 an ounce yesterday, erasing the gains made in the previous session, as the dollar and stocks gained after U.S. President Donald Trump backtracked on his suggestion of an imminent missile attack on Syria, which could lead to wider conflict between Washington and Moscow. XAU/USD extended its losses and returned to the $1336-1334 area after the market dived below the key support in $1347-1345. U.S. economic data due for release
By: DailyForex.com Gold prices fell $17.75 an ounce yesterday, erasing the gains made in the previous session, as the dollar and stocks gained after U.S. President Donald Trump backtracked on his suggestion of an imminent missile attack on Syria, which could lead to wider conflict between Washington and Moscow. XAU/USD extended its losses and returned to the $1336-1334 area after the market dived below the key support in $1347-1345. U.S. economic data due for release
In its latest outlook report on commodities’ prices released Thursday, analysts at Goldman Sachs reinforced their “overweight” view on commodities, with a forecast return of 10 percent over the next 12 months, Reuters reports. Key Points: “With low cross-asset correlations, increasing inflationary risks, a positive carry and the potential for oil supply disruptions in the Middle East, the strategic case for owning commodities has rarely been stronger. London aluminum was on track for its biggest
In its latest outlook report on commodities’ prices released Thursday, analysts at Goldman Sachs reinforced their “overweight” view on commodities, with a forecast return of 10 percent over the next 12 months, Reuters reports. Key Points: “With low cross-asset correlations, increasing inflationary risks, a positive carry and the potential for oil supply disruptions in the Middle East, the strategic case for owning commodities has rarely been stronger. London aluminum was on track for its biggest
Overall, the global economic picture remains the most encouraging it has for several years – supported by synchronised growth among the big advanced economies and broadly stable growth across the big emerging markets, according to Tony Kelly, Senior Economist at NAB. Key Quotes “Above trend global growth looks set to continue through 2018 but this year should be the peak of this economic cycle and growth should slow to below-trend levels by 2020 but our