Jul 02, 2015 10:18 am UTC| Insights & Views
European Central Bank (ECB) for the first time added a series of corporate names to the list of eligible securities. ECB getting tired of Government bonds? With addition of corporate names to its list, European Central...
Today’s NFP report to decide dollar’s fate at key resistance
Jul 02, 2015 08:50 am UTC| Insights & Views
Today NFP report is to be published at 12:30 GMT from US. What is NFP report? NFP or non-farm payroll report is the monthly statistics on labor condition in the US released by US department of labor statistics. The...
Jul 02, 2015 08:15 am UTC| Insights & Views
Euro group offered a third bailout package which was confirmed in its yesterdays meeting on a conditional basis, "only and on the basis of the outcome of the referendum" on Sunday.Greek Prime Minister Tsipras has sent a...
Risk bank’s move and risk reward favors buying dollar against Krona
Jul 02, 2015 08:05 am UTC| Insights & Views
Though 88% of the economist expected a wait and watch move from Swedish central bank, risk bank surprised then with a 10 basis points rate cut and additional 45 billion purchase of bonds. Todays move might have...
Conditional Greece bailout packages likely from ECB after defaults to IMF
Jul 02, 2015 07:57 am UTC| Insights & Views
Soon after debt defaults to IMF that was long lasting issue lingering in the markets, now the Euro group confirmed in a meeting held yesterday that policymakers would think of a third bailout package, "only and on the...
Better than expected UK construction PMI might provide better entry to sell pound
Jul 02, 2015 07:31 am UTC| Insights & Views
Though fundamentals such as monetary policy expectations are shifting in favor of pound, pound in the short term likely to remain short. First call was provided to go short on pound around 1.576 with stop loss around...
Sterling drops after poor manufacturing PMI; focus turns to construction PMI
Jul 02, 2015 07:19 am UTC| Insights & Views
The pound slid lower against dollar yesterday as expected after UK manufacturing activity data showed that its expanded at the slowest rate in last 2 years in June, while Greek debt issues continued to hold up demand for...