Consumer expenditure and business capex likely to account for US Q1 GDP contraction
Jun 24, 2015 08:00 am UTC| Insights & Views
TheUS Q1 GDP growth is broadly projected to be adjusted higher but will continue to evidence contraction in the first quarter. The Q1 GDP growth number is projected to be revised upfrom a -0.7% annual rate to -0.2%, driven...
Jun 24, 2015 07:34 am UTC| Insights & Views
German Ifo expectationson business climate will be closely viewed today as the German manufacturing PMI surprised on the upside yesterday, whereas the ZEW expectations suggest a decline in Ifo expectations.We stick to our...
Nikkei clears 18 year peak while small business confidence edged lower
Jun 24, 2015 07:28 am UTC| Insights & Views
Japanese benchmark stock index has cleared 18 year high today, as weaker Yen and optimism over Greece provided the necessary support. Japanese quantitative and qualitative easing (QQE) turns out to be massive success when...
FxWirePro: Buy EUR/JPY binary puts for speculating and diagonal put spread for hedging
Jun 24, 2015 07:10 am UTC| Insights & Views
Greece continues to be in the limelightwith todays surprising Eurogroup finance ministers meeting. The aim of the meeting is for the Eurogroup to reach a deal which can be signed by the EU leaders at the two-day summit...
FxWirePro: EUR/USD shorts straddle place tight hedge in range-bound zone
Jun 24, 2015 06:44 am UTC| Insights & Views
On medium term perspectives Euro trading against dollar would see a range-bounded trajectory of 1.0521-1.2107 amid Greece negotiations boiling around the corner.Medium term trend has been downtrend with relative strength...
PBOC actions boost consumers’ confidence, recovery remains far
Jun 24, 2015 06:25 am UTC| Insights & Views
Actions from Peoples bank of China (PBOC) and rising stock market has helped Chinese consumers to regain some of their confidence, however recovery remains far off if pre-crisis (2008/09) or peak (2013) is...
FxWirePro: Stiff hedging USD/JPY through credit spreads as Yen holds firm
Jun 24, 2015 06:10 am UTC| Insights & Views
The yen held firm after the release of central bank minutes from the May summit that renowned questions by one member on the eventual impact of aggressive easing.As a result Yen against dollar looking firm, tepid rallies...