Blogs

South Africa Trade Balance (in Rands) came in at 14.1B below forecasts (15B) in December

United States MBA Mortgage Applications: -7.2% (January 26) vs previous 3.7%

The EUR/USD pair should trend higher in the coming weeks. However, the Euro is likely to lose ground again in the second half of the year, economists at Commerzbank report.

The Pound Sterling (GBP) remains under pressure on Wednesday’s European morning as markets brace for the US Federal Reserve’s (Fed) monetary policy meeting.

Oil prices are seeing a pickup in volatility on Wednesday, jumping towards the $80 psychological level, as the US said it stands ready to issue new sanctions against the Venezuelan Oil industry.

India Infrastructure Output (YoY) down to 3.8% in December from previous 7.8%

Economists at HSBC expect both the Japanese Yen (JPY) and the Canadian Dollar (CAD) to trade sideways, followed by modest strength.

European Central Bank (ECB) Vice President Luis de Guindos said on Wednesday that economic prospects have worsened since December and added that the Euro area's growth could be weaker this year than the ECB predicted, per Reuters.

The USD/CAD pair discovers buying interest near the round-level cushion of 1.3400.

Italy Industrial Sales n.s.a. (YoY) dipped from previous -1.7% to -3.4% in November