Yen stuck in puzzling around economic corner; Write on call ratio of EUR/JPY
Jun 04, 2015 13:40 pm UTC| Insights & Views
The tepid moves from BoJ left policy stagnant at the late April meeting and there is quite sensible vision of more easing right now until the next projection update in October. Domestic data continue to point out little in...
Saudi Arabia raises selling price as OPEC meet approaches
Jun 04, 2015 13:20 pm UTC| Insights & Views
Saudi Arabia has raised July prices for its benchmark Arab, as OPEC oil ministers are set to meet in Vienna tomorrow. The price was raised for Asian buyers, which indicates that Saudi Arabia might be facing higher...
Rajan embarks on stiff policy moves in future
Jun 04, 2015 13:01 pm UTC| Insights & Views
INR could be fully convertible in next 5 years, Raguram Rajan stated. Indian central bank ponders repo bids fall to 31.75 bln rupees. RBI- FX reserves at US$354 bln Cash balance rises at 3.71 trn rupees. Rajan confirms...
Weaker yen heats up currency war possibility in Asia
Jun 04, 2015 12:23 pm UTC| Insights & Views
Alarm bells are ringing all over Asia this week as yen touched thirteen year low against dollar at 125. Bells are hitting loudest in South Korea another export oriented economy, similar to Japan as Won hit below 9 mark...
Risk reward ratio on shortside attracts trading prospects
Jun 04, 2015 12:18 pm UTC| Insights & Views
Euro erased losses against greenback after the ECB kept the rates on hold.ECB held its benchmark interest rate at 0.05% which is in line with streets expectations.Draghis firm stand on its asset purchase would be a booster...
Cheaper Vega on GBP/USD strangles
Jun 04, 2015 11:51 am UTC| Insights & Views
Todays Bank of England MPC meeting has left rate policy unchanged which was quite expected upfront.Well, the data events for current calendar and market focus is on the US labour market report and the looming series of...
Don’t read too much into Greek stalemate now
Jun 04, 2015 11:45 am UTC| Insights & Views
Greek Prime Minister Mr. Alexis Tsipras, has rejected the final proposal offered to him by European Union president Jean Clause Juncker last night. However that does not mean that Greek deal is not coming. Greek Prime...
‘We have thousands of Modis’: the secret behind the BJP’s enduring success in India