Shooting Star on peak of EUR/USD uptrend; Fresh short build ups are likely
Jun 08, 2015 06:25 am UTC| Insights & Views
Industrial production points to a weak start in Q2: On the data front, April industrial output should point to a weak start in the euro area at -0.2% MoM due to weak global demand and disappointing export numbers. French...
QQE pushes Japanese GDP higher
Jun 08, 2015 05:58 am UTC| Insights & Views
Bank of Japan (BOJ) can now feel proud and confident once more over its Qualitative and Quantitative Easing (QQE) program, after months of disappointment as first quarter GDP moved higher according to second flash...
Chinese imports shrinks fast, exerts pressure on Commodity currencies
Jun 08, 2015 05:28 am UTC| Insights & Views
Chinese customs authority released stats of May trades today and it is another devastating showdown for exporters dependent on Chinese demand. Chinese trade balance was positive at $59.5 billion, but that came in the...
Guide to today’s important data and events
Jun 08, 2015 04:24 am UTC| Insights & Views
Not many economic dockets scheduled for today, risk associated is low. Data released so far - China - Imports dropped 17.6% in May, while exports dropped -2.5%. Trade balance for May came at $59.5 billion. Upcoming...
Surge in bond yields & their adverse impact on Asian currency baskets
Jun 05, 2015 13:05 pm UTC| Insights & Views
When the Federal Reserve eventually decides to taper monetary policy, major Asian currency crosses like Yen, SGD, CNY are tendering to shift their trends.Christine Lagarde has made a strong pitch to the US Fed to postpone...
Asian currency majors tepid movs eagainst Euro on deferred debt payment by Greece
Jun 05, 2015 12:19 pm UTC| Insights & Views
The gains of Asian major currency baskets such as Yen INR are lingering on Greeces delay of an IMF debt payment and U.S. jobs data on Friday with investors focused mindset.On Friday as Prime Minister Alexis Tsipras, facing...
Currency snapshot (major pairs)
Jun 05, 2015 12:16 pm UTC| Insights & Views
Dollar index trading at 95.65 (+0.08%). Strength meter (today so far) - Euro +0.16%, Franc +0.25%, Yen -0.29%, GBP -0.15% Strength meter (since last week) - Euro +2.09%, Franc +0.80%, Yen -0.52%, GBP +0.29% EUR/USD...