Jul 01, 2015 15:51 pm UTC| Insights & Views
Energy pack is trading in red. Weekly performance at a glance in chart table. Oil (WTI) - WTI has weakened significantly and more after the release of EIA crude inventory. Todays range $59.1-57.7 Target for the...
Yen might lose grip as stocks recover from Greek hang over
Jul 01, 2015 15:24 pm UTC| Insights & Views
This week, Yen has remained one of the top performing currency as Safe haven bids have kept it buoyant even against dollar. However signs are becoming plentiful that stocks are recovering from their Greek hangover. US...
France’s Hollande becomes Tsipras’s ally in calling for solution before Sunday
Jul 01, 2015 14:41 pm UTC| Insights & Views
Greek Prime ministers reaching out for a deal before Sundays referendum are hardly finding any allies among European partners. Euro group finance ministers have swiftly rejected calls for bailout extension last...
European CDS shows no contagion from Greece
Jul 01, 2015 14:08 pm UTC| Insights & Views
European credit market has remained calm, even as Greece inches closer to exit. Probability of a Greek exit from Euro zone has increased dramatically as a no verdict on Sundays referendum according to European leaders...
Strong ADP employment brings FED closer to rate hike
Jul 01, 2015 13:29 pm UTC| Insights & Views
Probability of a rate hike in September moved up as US ADP employment surprised to upside. ADP is a good precursor of NFP report, which is scheduled at 12:30 GMT tomorrow. Dollar could find its upward groove back if NFP...
Jul 01, 2015 13:25 pm UTC| Insights & Views
Technical glimpse:The hanging man pattern which was occurred at 60.30 levels at the end of May needed a confirmation, now that has been backed up by both oscillating indicators (RSI stochastic) showing downward...
CL1 futures to face downtrend on inventory contraction and Greece debt default
Jul 01, 2015 13:14 pm UTC| Insights & Views
On the NYMX,crude oil futures for August delivery were down today at $58.61 a barrel.Brent for August delivery, the global benchmark was dipped 0.69% to $63.15.Oil prices were largely lower today after Greece defaulted on...