Pound falls but BOE interest rate expectations rise
Jun 24, 2015 15:20 pm UTC| Insights & Views
Pound has dropped today against dollar, after failing to push above 1.58. Currently trading at 1.572 against dollar, down from its recent high around 1.595. Even if pound fails to push higher against dollar, market...
FxWirePro: USD/CAD iron condor execution on non-directional trend
Jun 24, 2015 13:20 pm UTC| Insights & Views
With no Canadian economic data to drive moves this week, CAD is beholden to external forces, such as oil.Yesterdays rally in oil has helped underpin CAD, putting more distance between USD/CAD and its 100dma (at 1.2398...
FxWirePro: Dollar gains on cards as SBF reports sluggish survey; trade with binary calls
Jun 24, 2015 12:06 pm UTC| Insights & Views
The Singapore Business Federation (SBF) and the DP Information Groups Business Sentiment Survey showed that business confidence among Singaporean SMEs is at its lowest since early 2013.Among cited pressures were...
EIA inventory and crude preview
Jun 24, 2015 11:57 am UTC| Insights & Views
Today US Energy Information Administration (EIA) will release data on inventory at 14:30 GMT. Last week according to EIA, there was inventory drawdown of -2.67 million barrels, today it is expected that another drawdown...
Delta hedging of USD/SGD ATM calls on trend reversal
Jun 24, 2015 11:47 am UTC| Insights & Views
Trend for USD/SGD seems to be reversed and attempting to evidence a gap up opening.The oscillating indicators RSI (14) signals upward strength as both RSI curve and price line evidence rising convergence.Slow stochastic is...
Higher treasury yields provide support to dollar
Jun 24, 2015 11:04 am UTC| Insights & Views
After dovish FOMC pushed rate hikes into the future and FOMC participants slashed their growth and employment expectations last week, rates on US treasuries are on the rise once again. US 2 year treasury yield was...
Creditors reject Greek proposals, volatility and risk aversion hit markets
Jun 24, 2015 10:13 am UTC| Insights & Views
Greek Prime Minister Alexis Tsipras said that creditors have rejected latest Greek proposals which were delivered by Athens on Monday. Immediate volatility and risk aversion has hit markets. Euro faced flash...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects