Ruble bulls are in retreat, trade set up attractive
Apr 20, 2015 11:44 am UTC| Insights & Views
After weeks of marching, it seems that Ruble bulls are finally in retreat for now. Ruble bulls gave up gains after failing to break below 48 level, over stronger oil price and weaker dollar. USD/RUB has broken above...
Chinese CSI 300 continues to march higher, so does margin debt
Apr 20, 2015 11:09 am UTC| Insights & Views
Chinese stock markets continue to ignore the economic weakness, global risk aversion, Greece contagion and warnings by market participants and continuing its march to higher highs. It has been iterated that rallies remain...
Yield premium makes loonie attractive
Apr 20, 2015 11:01 am UTC| Insights & Views
Return of growth in US and stability in oil prices top benefactor currency would be Canadian dollar. Canadian economy though yet to recover fully from the global slump, would reap most of the benefits of its rising...
Apr 20, 2015 09:24 am UTC| Insights & Views
Canadian dollar has further gained grounds against Mexican peso, after Dollar/Loonie pair taken out important support area at 1.235-1.24. Mexicos economic gloom remains hard to end with. Inflation as of now is under...
Export mood improves Japan’s trade balance
Apr 20, 2015 09:18 am UTC| Insights & Views
We expect Japans March trade deficit to have shrunk and balance of trade at 0. Earlier last week also we stated JPY is prepared to snatch healthy gain on its monthly trade surplus of JPY128.2bn since June 2012. Declining...
AUD looks seesaw but stronger as Australia post significant mixed data
Apr 20, 2015 09:15 am UTC| Insights & Views
Australian headline inflation has not been an exception for the result of the slump in oil prices, headline inflation in Australia looks set to slide 0.7 pp to just 1.0%, a rate of inflation that has not been undercut...
Chinese easing boost to Kiwi might evaporate fast
Apr 20, 2015 08:12 am UTC| Insights & Views
New Zealand Dollar bulls are in extremely vulnerable positions hanging just below resistance. New Zealand dollar is up against USD today - 0.72%. Most of the gains came from gap up open. Todays range so far 0.7700 -...