Chancellor Merkel takes hard stance against Greece
Jun 29, 2015 14:46 pm UTC| Insights & Views
Germany as well as Chancellor Angela Merkel has always sided with the idea of keeping Greece within Euro zone, however latest unilateral action by Greek government to call a referendum might have soured the mood in Germany...
Sentiment sours in Europe as Greek drama drags
Jun 29, 2015 14:17 pm UTC| Insights & Views
Deteriorating Greek situation pushed sentiment lower across Europe. Communications from Greek government and Eurozone creditors remain far off, so does the negotiation. Greeks are now facing looming referendum on latest...
Jun 29, 2015 12:53 pm UTC| Insights & Views
USD/RUB is approximately remained stagnant or a little higher in June following CBR rate cuts and flattish crude prices in a $63-65/bbl range. The CBR cut its key rate 100bp to 11.5% as expected, but the more interesting...
Why Euro is up despite Greek referendum?
Jun 29, 2015 12:51 pm UTC| Insights & Views
Euro has gone up today, against expectation of many that today could be another black Monday for stocks and devastating for Euro. Euro opened sharply lower, almost 150 points down from Fridays close at 1.10 area and...
What’s cooking in exotic pairs? Hung parliament in Turkey
Jun 29, 2015 12:11 pm UTC| Insights & Views
This is a crucial week for Turkish politics, which adds to the risk off sentiment already imposed by developments in Greece: the new parliament speaker is set to be elected by middle of the week, and this will be followed...
FxWirePro: XAG/USD not a buy yet; prefer spreads over naked puts
Jun 29, 2015 12:05 pm UTC| Insights & Views
The silver commodity has been flowing in the downtrend since mid May.What could propel the prices of this precious metal is that in the event of unsteadiness in equities and fixed income instruments buying interest could...
North American session becomes crucial as Euro closes gap
Jun 29, 2015 12:02 pm UTC| Insights & Views
Todays North American session becomes extremely vital not only for stock markets but especially for Euro based pairs as they have closed the gap made at opening in Asia. Euro-Pound - Euro-pound has taken out crucial...