Currency snapshot (commodity pairs)
Jul 06, 2015 17:32 pm UTC| Insights & Views
Dollar index trading at 96.12 (+0.12%) Strength meter (today so far) - Aussie +0.16%, Kiwi +0.19%, Loonie -0.55%. Strength meter (since last week) - Aussie +0.16%, Kiwi +0.19%, Loonie -0.55%. AUD/USD - Trading at...
Jul 06, 2015 17:04 pm UTC| Insights & Views
Energy pack is trading in red today. Weekly performance at a glance in chart table. Oil (WTI) - WTI further dropped as 8 week range got broken to downside. Todays range $56.8-56.2 Target for the downside is coming...
Commodities snapshot (precious & industrial)
Jul 06, 2015 16:18 pm UTC| Insights & Views
Metals are having a down day to start off the week. Performance this week at a glance in chart table - Gold - Gold is down, failing to gain from Greek tension. No major safe haven bids over gold today, as Greeks voted...
Jul 06, 2015 15:17 pm UTC| Insights & Views
After Sundays decisive election, in which Greek people rejected the bail out in over whelming majority, focus now turns to Greek governments and Euro zone leaders to understand, what lies ahead? Including Ms. Merkel has...
Missing ECB payment might turn all hell loose for Greece
Jul 06, 2015 14:26 pm UTC| Insights & Views
Greece has missed the payment to IMF and survived without much of any immediate consequence (though IMF will withhold further funding to Greece), however a payment miss to ECB might open up Pandoras Box for Greece, which...
ECB’s stress test seems useless, risks credibility
Jul 06, 2015 13:53 pm UTC| Insights & Views
European Central Bank (ECB) has taken harsh decision to not to increase Emergency Lending Assistance (ELA) to Greek banks last weekend, which has done nothing but to sour the sentiment and pushed Greece closer to the...
Oil price collapses again – what are target areas?
Jul 06, 2015 13:16 pm UTC| Insights & Views
Since oil failed to break above the congestion and WTI benchmark failed to clear above doji high, it is breaking to the downside. WTI crude - WTI oil is currently trading at $54.5/barrel, down after it failed to clear...
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