Billiton mines at high pace despite commodity rout
Jul 23, 2015 12:05 pm UTC| Insights & Views
Lower price of commodities, unlikely to bring supply shortages as BHP Billiton, largest mining company in the world is increases production moving into 2015. Its quarterly production report showed rise in production in...
DMO order book shows super-high demand for Gilts
Jul 23, 2015 11:26 am UTC| Insights & Views
Gilts are in high demand these days as seen in latest auction of ultra-long dated debt. This week UK debt management office (DMO) issued 53 year government bond, which was surprisingly gobbled up by investors at record...
UK public gears up for rate hike - Markit survey
Jul 23, 2015 10:58 am UTC| Insights & Views
Mark Carneys strategy to prepare Britons and the market for a first rate hike from Bank of England since 2008/09 crisis seems to be bearing fruit. Latest survey by Markit shows, that rate hike expectations are getting...
Minutes to be key to Pound’s moves
Jul 23, 2015 09:51 am UTC| Insights & Views
Today Pound bulls have taken a sharp hit as retail sales for June surprised to downside unexpectedly. Retail sales for June dropped by -0.2% from May sales, though it is up 4% on yearly basis. This is much lower than...
Sterling dips on weak retail sales, dollar awaits home sales data
Jul 23, 2015 09:30 am UTC| Insights & Views
United Kingdom: Retail sales has disappointed the expectation of increase in 0.2% MoM in retail sales ex auto fuel in June on the back of stronger consumption, around-zero inflation and rising earnings growth.The Junes...
FxWirePro: Delta cross hedging on EUR/GBP against EUR/USD
Jul 23, 2015 09:13 am UTC| Insights & Views
Lets visualize a trader thought implied volatility in the near month EUR/GBP option indicates overpriced ATM contracts; therefore he tends to short the volatility. And suppose we are shorting an ATM call option with an...
Kiwi rises from abyss in spite of policy easing
Jul 23, 2015 08:23 am UTC| Insights & Views
Kiwi or the New Zealand dollar is among the top performer today as it is up 0.95% so far in spite of 25 basis points rate cut by Reserve Bank of New Zealand (RBNZ). This clearly indicates that market participants were...
Putin’s Russia: first arrests under new anti-LGBT laws mark new era of repression
Canada needs a national strategy for homeless refugee claimants