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...
FxWirePro: Buy AUD/JPY binary calls for speculating; put spreads for hedging
Jul 06, 2015 05:56 am UTC| Insights & Views
On intraday charts, hammer pattern candlestick formed at 91.47 levels on declines. A hammer appears on a downtrend at or near the bottom which suggests that the market is hammering out a base.Slow stochastic suggest...