Jun 03, 2015 13:36 pm UTC| Insights & Views
WTI is struggling to gain above recent doji high of $62.57. Since the Doji appeared in the chart, WTI has given almost $6 correction and bounced back last week on Wednesday as EIA crude stock surprisingly shrank. Last...
Theta (Θ) lures option holders on time decay merits
Jun 03, 2015 13:08 pm UTC| Insights & Views
As shown in the nutshell, there is no significant change in theta value even though the underlying exchange rate oscillates dramatically. (From spot 1.0894, even if it moves to any extreme directions 1.1044 or 1.0744 then...
Greek creditors have lowered their ambitions in the final proposal
Jun 03, 2015 12:53 pm UTC| Insights & Views
Greek Prime Minister Mr. Alexis Tsipras is set to meet European Commissions president Mr. Jean Claude Juncker in Brussels where he will be presented with final proposals by creditors. According to sources familiar,...
Jun 03, 2015 12:50 pm UTC| Insights & Views
After two successive down month ADP employment report met expectations today. Dollar is able to hold on to its gains. Key highlights - Headline figure showed private employment rose by 201,000 in May. Aprils payroll...
Any hike in oil prices impacts adversely on sterling; monetary policy on NOK
Jun 03, 2015 12:33 pm UTC| Insights & Views
The unemployment rate is sufficient to demonstrate the calculated case to long NOK. The jobless data is exactly the same as it was at 2.7% when Brent was at the peak $115 last summer.So one could be thinking by now what...
Bears takes over EUR/AUD; spinning top on peak of channel
Jun 03, 2015 11:44 am UTC| Insights & Views
Final Euro zone services PMIs for May was a major focus for the morning and composite PMI in the Euro Area decreased to 53.6 index points in May of 2015 from 53.9 index points in April of 2015. The current figures are...
Tsipras leaves for Brussels to discuss final proposal
Jun 03, 2015 11:26 am UTC| Insights & Views
Significant improvement has been achieved this week so far. The private meeting of ECB, IMF and EU heads with German Chancellor Merkel and French president Hollande on Friday has led to finalization of a proposal. Euro...