Trade through long binary calls but keep tight hedge
Jun 11, 2015 08:14 am UTC| Insights & Views
On a daily technical chart we get a sense of feel that this currency cross is overreacting the recently publicized Australian jobless data.On the flip side, The RBNZ early APAC trading session cut its Official Cash Rate by...
Three weeks to deadline, Greece faces bank run
Jun 11, 2015 07:55 am UTC| Insights & Views
With three weeks to go before deadline looms to make the IMF payment and to reach a deal with European creditors, Greeks are preferring to keep the cash in pocket in case capital restriction need to be imposed on...
Vigorous AU unemployment data causes volatile FX markets
Jun 11, 2015 07:40 am UTC| Insights & Views
Australian jobs increased by 42K in May which is a way beyond forecasts at 12.1K, compared to the previous 13.7K jobs.The above healthy numbers led unemployment rate to 6.0% which is well below forecasts were at 6.2%, the...
GBP/JPY’s downtrend is likely followed by hanging-man formation
Jun 11, 2015 06:57 am UTC| Insights & Views
On daily chart Hanging-man candlestick pattern on GBP/JPYs uptrend rally indicates weakness in this pair to sustain this trend.In addition to this bearish candle pattern, oscillating indicators suggest overbought pressure...
European companies most pessimistic on China
Jun 11, 2015 06:36 am UTC| Insights & Views
According to a survey by European Chambers of Commerce pessimism are highest among foreign investors in China. Chinese slowdown has gathered pace in 2015, not seen in prior years. Latest report showed imports dropped...
WTI Crude Inventory signifies Demand/Supply equation
Jun 11, 2015 06:16 am UTC| Insights & Views
US benchmark West Texas Intermediate for July delivery advanced USD 1.29 to USD 61.43 a barrel on the New York Mercantile Exchange.The US Department of Energys inventory report for the week ending June 5 showed US crude...
RBNZ delivers, Kiwi hangs on to 0.7 against dollar
Jun 11, 2015 05:05 am UTC| Insights & Views
Reserve bank of New Zealand (RBNZ) has delivered a rate cut as promised. Kiwi dropped sharply, in spite of unanimous expectation of a cut today among market participants. Key highlights - RBNZ has reduced rates by 25...