Greece is lesser threat to European banks now than in 2010
Jun 25, 2015 14:48 pm UTC| Insights & Views
A default or GREXIT in 2010 would have caused havoc and pan European banking failure but that risk is much contained now according to latest report from Bank of America Merry Lynch. Official sectors now stands as the...
Bulls return to push natural gas higher
Jun 25, 2015 14:22 pm UTC| Insights & Views
Bulls seems to have returned once again after they given up around $2.95/mmbtu area. Two weeks back natural gas bulls tried to break free of $2.95 resistance but retreated when 5 daily attempts failed. Now they seem to...
Pound likely to drop against dollar
Jun 25, 2015 13:48 pm UTC| Insights & Views
As Greek drama would settle down by next week, dollar is likely to gain back its lost groove over monetary policy divergence, however it is at crucial resistance against major counterparts. Dollar index, which is value of...
Real at threat as unemployment breaks reaches 5 year high
Jun 25, 2015 13:42 pm UTC| Insights & Views
The gloomy outlook continues in Brazil. Unemployment in Latin Americas largest economy has rose to 5 year high as it reached 6.7% in May. Unemployment rose for fifth consecutive month and up from 6.4% in April, beating...
MERS to take long term toll on Korea and KOSPI
Jun 25, 2015 12:41 pm UTC| Insights & Views
The impact of weaker Yen and outbreak of Middle East Respiratory Syndrome (MERS) would take heavy toll on countrys economic activities and the benchmark stock index for quarters to come. Impact of MERS - South Korea...
FxWirePro: Cross hedge through call spreads in GBP/NOK and GBP/NZD, stay short NZD/SEK spot
Jun 25, 2015 12:39 pm UTC| Insights & Views
There are chances that foreign investors will seek to reduce their exposure as NZ yield spreads compress, and we see little reason to suppose that such a bond outflow would not have a symmetrical effect in depressing the...
NZD’s mounting pressure on foreign bond investors
Jun 25, 2015 12:34 pm UTC| Insights & Views
There were both valuation and policy considerations for selling NZD against SEK. While the valuation proposition has been corrected as the cross has collapsed by 16%, the policy dimension remains intact, and albeit now...