Why Euro is up despite Greek referendum?
Jun 29, 2015 12:51 pm UTC| Insights & Views
Euro has gone up today, against expectation of many that today could be another black Monday for stocks and devastating for Euro. Euro opened sharply lower, almost 150 points down from Fridays close at 1.10 area and...
What’s cooking in exotic pairs? Hung parliament in Turkey
Jun 29, 2015 12:11 pm UTC| Insights & Views
This is a crucial week for Turkish politics, which adds to the risk off sentiment already imposed by developments in Greece: the new parliament speaker is set to be elected by middle of the week, and this will be followed...
FxWirePro: XAG/USD not a buy yet; prefer spreads over naked puts
Jun 29, 2015 12:05 pm UTC| Insights & Views
The silver commodity has been flowing in the downtrend since mid May.What could propel the prices of this precious metal is that in the event of unsteadiness in equities and fixed income instruments buying interest could...
North American session becomes crucial as Euro closes gap
Jun 29, 2015 12:02 pm UTC| Insights & Views
Todays North American session becomes extremely vital not only for stock markets but especially for Euro based pairs as they have closed the gap made at opening in Asia. Euro-Pound - Euro-pound has taken out crucial...
What might influence European assets till the referendum?
Jun 29, 2015 11:07 am UTC| Insights & Views
Greek government has called referendum on July 5th, which is next Sunday for the people of the country to decide whether or not to accept the latest proposal on austerity by Euro zone creditors. European assets are likely...
SNB intervention likely to keep Euro-Franc well anchored above parity
Jun 29, 2015 10:23 am UTC| Insights & Views
After Januarys sudden move to remove 1.20 floor, it is difficult to rely on SNB to protect any Euro-Franc level. However SNB intervened in the market today, as Euro was expected to tumble, which would have invariably...
FxWirePro: Cross hedging with naked puts on USD/KRW and shorts on JPY/KRW call
Jun 29, 2015 10:18 am UTC| Insights & Views
This is synthesized recommendation of both fundamental and technical aspects.We had advocated this trade call earlier also; we now continue to recommend holding a USD/KRW put funded by selling a JPY/KRW call.Japanese...
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