How dependent Australia is on China?
Jun 08, 2015 10:30 am UTC| Insights & Views
Australian economy has so far not adjusted it enough to weather the headwinds facing from China. Government in its way to reduce budget deficit, have no stimulus left up its sleeve. In this years budget it has provided tax...
Greece earns Euro zone leaders’ dismay over proposal rejection
Jun 08, 2015 09:16 am UTC| Insights & Views
Just when almost everyone thought, including market participants that Greek drama is over, it came back with a jolt and shook everyone last week. Greek Prime Minister Mr. Alexis Tsipras were handed the new bailout...
Yen seems to reverse trend but stuck in puzzle; Short straddle on EUR/JPY
Jun 08, 2015 08:54 am UTC| Insights & Views
Technical Purview:This has always been extremely tough risky to have opened naked position on non-directional trend. EUR/JPY is now alike a non directional pattern as it is trend near upper bollinger band around 14.3627...
Scandal hit ringgit falls to lowest since 2006
Jun 08, 2015 08:32 am UTC| Insights & Views
The Malaysian ringgit dropped to 3.76 against dollar, level last seen during 2006 as investors pull out money out of the scandal hit country. Strong dollar over Fridays stronger than expected non-farm report also...
Add protective puts on USD/JPY’s slides
Jun 08, 2015 08:31 am UTC| Insights & Views
Technical Purview: (USD/JPY)We cautiously suggest for now fresh short build ups on USD/JPY currency crosses on every upwaves. Both on daily and weekly graphs have started signaling weakness in this pair. So for medium term...
Japan register healthy economic data, plants in recovery mood for Yen
Jun 08, 2015 07:58 am UTC| Insights & Views
The set of data tags along encouraging comments over the last weekend from government spokesman Yasuhisa Kawamura, who said the economy "returning to a growth orbit" on the sidelines of the Group of Seven (G7) summit....
Lira takes hit as ruling AKP loses majority, central bank moves in with easing
Jun 08, 2015 07:43 am UTC| Insights & Views
Lira embraced volatility as expected over Sundays election, but what was not expected was that ruling AKP would lose its majority, pushing the country towards political uncertainty and turmoil. Turkish Lira (TRY) moved to...
Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects