Jun 08, 2015 11:51 am UTC| Insights & Views
In spite of hanging to its all-time high US equities are having bad year so far. SP 500 is trading mostly sideways this year so far. Currently trading at 2091, up less than 1% so far this year. Investors are clearly...
Spinning top threatens GBP/AUD bulls, Write ITM calls
Jun 08, 2015 11:25 am UTC| Insights & Views
Remember always, technicals can never be studied interpreted in an isolation; so many confirmations from multiple angles are spotted out here on this pair.A spinning top is formed at 2.0003 levels on upward rallies on...
US construction sector remains far from full recovery
Jun 08, 2015 11:12 am UTC| Insights & Views
While US existing home sales, new home sales, building permits, housing starts all have bounced back, exciting investors and pushing first rate hike closer, several housing sector indicator points at prevalent weakness in...
Head & shoulder pattern on GBP/USD; optimal entry point on PRBS
Jun 08, 2015 10:43 am UTC| Insights & Views
The head shoulder pattern is traced out from daily charting pattern on this pair. We see right shoulder is struggling near neck line at 1.5238 levels. This level should be closely watched as any breach below neck line can...
How dependent Australia is on China?
Jun 08, 2015 10:30 am UTC| Insights & Views
Australian economy has so far not adjusted it enough to weather the headwinds facing from China. Government in its way to reduce budget deficit, have no stimulus left up its sleeve. In this years budget it has provided tax...
Greece earns Euro zone leaders’ dismay over proposal rejection
Jun 08, 2015 09:16 am UTC| Insights & Views
Just when almost everyone thought, including market participants that Greek drama is over, it came back with a jolt and shook everyone last week. Greek Prime Minister Mr. Alexis Tsipras were handed the new bailout...
Yen seems to reverse trend but stuck in puzzle; Short straddle on EUR/JPY
Jun 08, 2015 08:54 am UTC| Insights & Views
Technical Purview:This has always been extremely tough risky to have opened naked position on non-directional trend. EUR/JPY is now alike a non directional pattern as it is trend near upper bollinger band around 14.3627...