Apr 10, 2015 09:38 am UTC| Insights & Views
Coal price drop to below six year level has started claiming its victim in US. US coal producer Xinergy filed for bankruptcy earlier this week. So who to blame this price rout? Be it supply side or demand, the answer is...
Yield spread makes dollar so juicy
Apr 10, 2015 08:50 am UTC| Insights & Views
Rise in yield spread remains the major force driving the dollar despite recent fall in US treasury yields. ECB and BOJ asset purchase program continue to push yields down across Euro zone. Four largest economies in the...
Apr 10, 2015 08:21 am UTC| Insights & Views
Russian Ruble is riding investor optimism stands as the best performing currency in 2015. Ruble dropped to new low for the year in overnight trade, currently floating at 51.4 against dollar. Investors optimism on Russia...
Guide to today’s important data and events
Apr 10, 2015 07:42 am UTC| Insights & Views
Lot of economic dockets today, with moderate risk. Focus on UK and Canada. Data released so far - China - Consumer price index grew 1.4% y/y, however dropped -0.5% m/m in March. Producer price index dropped another...
Saudi Arabia faces tough competition, keeps strategy in play
Apr 09, 2015 16:06 pm UTC| Insights & Views
Saudi oil minister Ali Al Naimi confirmed that Crude production of Saudi Arabia to remain elevated for the year as it will try to claw as much market share as early as possible. Crude production was reported to be 10.3...
Apr 09, 2015 16:01 pm UTC| Insights & Views
Latest poll as shown in the figure shows that Labour party is leading the poll but remains neck to neck with current ruling conservative party and probabilities are high that Scottish national party (SNP) might have the...
Apr 09, 2015 15:35 pm UTC| Insights & Views
Equities are mixed today, North American counterpart is lagging Europeans. Shredding some of the gains before FOMC minutes. Performance this week at a glance in chart table - SP 500 - US benchmark is once again...