Commodities snapshot (precious & industrial)

Sep 07, 2015 17:08 pm UTC| Insights & Views

Metal pack is trading mixed today, precious is down, and while industrial is up. Performance this week at a glance in chart table - Gold - Gold is continuing its drop. Todays range - $1125-$1115 Gold is currently...

Few financial facts on challenged US shale oil sector

Sep 07, 2015 16:33 pm UTC| Insights & Views

US shale industry is finally under heavy pressure as lower oil price for quite a long time have started taking their toll on the industry. Saudi Arabias strategy to oversupply the market in a bid to push high cost...

Currency snapshot (major pairs)

Sep 07, 2015 15:57 pm UTC| Insights & Views

Dollar index trading at 96.15 (-0.09%). Strength meter (today so far) - Euro +0.21%, Franc -0.30%, Yen -0.30%, GBP +0.78% Strength meter (since last week) - Euro +0.21%, Franc -0.30%, Yen -0.30%, GBP +0.78% EUR/USD...

Equity snapshot (indices)

Sep 07, 2015 15:15 pm UTC| Insights & Views

Equities are broadly in green today. Performance this week at a glance in chart table - SP 500 - SP is closed over Labour Day holiday. SP 500 future is currently trading at 1934. Immediate support lies at 1900 and...

No Russia – OPEC cooperation according to Rosneft

Sep 07, 2015 14:23 pm UTC| Insights & Views

According to chief executive of Rosneft, Russia is unlikely to work with OPEC to curb global supply glut in a bid to push oil prices higher, which is down more than 60% from its peak last year and down to its lowest point...

Glencore – a giant falls to its knee

Sep 07, 2015 13:42 pm UTC| Insights & Views

Glencore has taken a decision to sell its assets and raise equities as much as $2.5 billion to curb its massive debt by 2016. Those familiar with Swiss commodity giant Glencore knows that for years it has been giant of...

FxWirePro: EUR/GBP bear put spread for swing trading on dubious downtrend

Sep 07, 2015 12:33 pm UTC| Insights & Views

In order to participate in uptrend of EURGBP which is quite uncertain, bear put spread shall be used over Protective Put as the premiums on naked puts prove too costlier. Bear Put Spread = Long ATM -0.5 delta Put + Sell...