FxWirePro: Expect downtrend in EUR/JPY; Mitigate downside risks via PRBS
Jul 03, 2015 08:33 am UTC| Insights & Views
Currency Derivatives Insights: (EURJPY)Hedge this pairs potential slumps through deploying option strategy (Put Ratio back Spread) as weekly technical charts suggest bearish bias.%D line crossover above 80 levels on slow...
Chinese sell offs worst since 2008 crisis
Jul 03, 2015 08:23 am UTC| Insights & Views
Chinese economy and the stock market, both having worst time since 2008 crisis. Today Chinese services PMI dropped to 51.8 in June, which is worst since February this year. While services PMI is still on expansionary...
FxWirePro: Buy EUR/JPY binary calls for targets at 136.4470
Jul 03, 2015 07:29 am UTC| Insights & Views
The final services the euro area are also released at 56.1 quite below than forecasted numbers at 58. But this does not seem to impact much adversely on Euro as the PMIs for France, Germany are all expected to be unchanged...
Guide to today’s important data and events
Jul 03, 2015 07:27 am UTC| Insights & Views
Not many economic dockets scheduled for today, however risk associated is low. Data released so far - Australia - Retail sales grew 0.3% m/m in May. Japan - Services PMI grew to 51.8 in June, from 51.5 in...
Jul 03, 2015 07:18 am UTC| Insights & Views
Currency Derivatives Insights:In the interest of speculators we see buying opportunities in USD/JPY binary puts on rallies for a target of 122.75 1st and even upto 122.50 levels. We look at either shorting futures of this...
Aussie retailers still remain sluggish, further slumps in AUD most likely
Jul 03, 2015 06:47 am UTC| Insights & Views
Despite the Australian central banks rate cut in May, the retail sales have been quite disappointing in May to post a lackluster 0.3% rise against forecasts at 0.5%. The RBAs May rate cut and an upright bounce in consumer...
Jul 03, 2015 06:35 am UTC| Insights & Views
For today, technical charts suggest little sideways to upward but certainly the indication of weakness in this pair on EOD charts as an attempt of filling up of gap down that we had traced out with a spinning top candle...