Greek officials touring world for support, several deadline looms
Apr 06, 2015 13:26 pm UTC| Insights & Views
Greek Prime Minister Alexis Tsiparas is counting on odd friends to support the government has several payment deadlines looms ahead. After meeting with IMF chief over the weekend, Mr. Varoufakis, Greeces finance...
Apr 06, 2015 13:15 pm UTC| Insights & Views
Reserve Bank of Australia (RBA) will announce its monetary policy decisions tomorrow at 4:30 GMT. Economy at a glance - Economy is growing at 2.5% YoY compared to 4.3% in early 2012. Unemployment rate has ticked up...
Natural gas tops US energy mix
Apr 06, 2015 12:03 pm UTC| Insights & Views
Share Natural gas is growing across developed world in energy mix. In US it gained top spot in energy production mix. Lower fuel price and drive for clear environment has influence the rise of natural gas. This year US...
Yuan edges closer to reserve currency status
Apr 06, 2015 11:47 am UTC| Insights & Views
Chinese Yuan is very close to join the league of currencies considered as official Reserve. According to IMF officials a deal to add Yuan in IMFs unit of account SDR is possible later this year. SDR is special drawing...
RBI prepares well for FED rate hike
Apr 06, 2015 10:41 am UTC| Insights & Views
India is in much better positioned than other emerging market counterparts. Indian Rupee along with other emerging market counterparts faced grave pressure during 2013, when then FED chairman Ben Bernanke provided first...
Demand for Dollar is high in Euro zone
Apr 06, 2015 10:06 am UTC| Insights & Views
Chart attached shows 3 year EUR USD basis swap since 2006. Chart courtesy Sober look. What is basis swap? Basis swap is an arrangement where two parties exchange variable interest rates from two different money market...
Weaker NFP pushes rate hike expectation to next year
Apr 06, 2015 09:08 am UTC| Insights & Views
Last Fridays non-farm payroll report surprised to the downside. The miss was worst since 2009. 98 economists were surveyed by Bloomberg, all failed to come even close to the actual number. US reported only 126,000 payroll...