After debt default and referendum, all eyes on EU summit

Jul 06, 2015 10:02 am UTC| Insights & Views

Greek voters have now said that no to the economic demands of its international creditors, the fate of the countrys struggling banks is in the hands of the European Central Bank. Also, the referendum will likely be...

Take away from Shanghai Composite’s 2.4% gain today

Jul 06, 2015 09:46 am UTC| Insights & Views

Today Chinese benchmark stock index, Shanghai composite rose by 2.4%, however headline gain is not a true presenter of what happened in the market. Over the weekend, Chinese Securities Regulatory Commission (CSRC) said...

SNB sucks thumb, while inflation remains subdued

Jul 06, 2015 09:04 am UTC| Insights & Views

Swiss national Bank (SNB) failing its primary goal of price stability for many quarters now, putting serious doubts on SNBs credibility as well as ability to move inflation to the positive side. Over and over SNB in...

FxWirePro: GBP/USD consolidates channel line; trend reversal expected

Jul 06, 2015 08:17 am UTC| Insights & Views

As anticipated earlier the pair retraced upto the previous channel line distance on EOD charts, currently trading near channel line support back again at around 1.5556 levels.%K line crossover below 20 levels seems most...

Guide to today’s important data and events

Jul 06, 2015 07:57 am UTC| Insights & Views

Not many economic dockets scheduled for today and risk associated with releases are low. Data released so far - Australia - TD securities inflation came at 1.5% in June from a year ago. Germany - Factory orders...

FxWirePro: Everything goes negative for EUR, Euro equity sinks; EUR/USD PRBS to keep tight hedging

Jul 06, 2015 07:29 am UTC| Insights & Views

Greece has been drilling depth in bearish sentiments from long ago.Now some more draggers are that Greece finance minister quits from his position and German factory orders MoM dropped to -0.2% from previous flash at 2.2%....

FxWirePro: AUD/USD leading indicators suggest sell binary puts but credit spreads for hedging

Jul 06, 2015 06:23 am UTC| Insights & Views

Intraday charts suggest the pair sensing bearish trend and it still remains intact as the leading indicators such as RSI (14) and stochastic are bearish bias.%D line crossover above 80 levels signifies the overbought...