Oil price moves down as OPEC meets in Vienna
Jun 03, 2015 10:53 am UTC| Insights & Views
WTI crude is trading at $59.9/barrel, down from its recent high of $61.5/barrel, made yesterday. Bulls tried to make an attempt to break above the Doji highs made over the last few weeks. However the attempt failed, as...
European bond rout continues as ECB meet approaches
Jun 03, 2015 09:58 am UTC| Insights & Views
Yesterdays higher than expected inflation reading across Euro zone has brought back sellers in the European bond market. Inflation as measured by CPI rose by 0.3% in May, while core CPI moved up by 0.9%, both from a year...
Treasury yields pose risk to EUR/USD’s advance
Jun 03, 2015 08:47 am UTC| Insights & Views
Dollar has posed an ugly candle yesterday, as it was down almost 2% against Euro and similar move against other pairs. While European Central Banks front loading of purchase pushed Euro from 1.132 to 1.089 against...
USD/CAD short term trend reversal began; add bear call spreads
Jun 03, 2015 08:39 am UTC| Insights & Views
The US non-manufacturing ISM survey will be a closely watched event for today.It is likely to evidence of a return to activity growth from the contraction seen in the official data over the course of Q1.Despite the...
Call Ratio Spreads to neutralize dollar appreciation risks on ruble
Jun 03, 2015 08:05 am UTC| Insights & Views
We preferred the trade idea is to be conveyed in terms of currency options instead of spot FX partially because it is looking to counteract the potential appreciation pressures on the ruble on account of a spike in crude...
BEER model suggests REER of RUB to contrast
Jun 03, 2015 08:01 am UTC| Insights & Views
We estimate a Behavioral Equilibrium Exchange rate model for Russia to establish to what extent REER movements have been driven by an adjustment to its equilibrium values, consistent with changing fundamentals.Although the...
Weak ADP employment would pose further challenge for dollar
Jun 03, 2015 07:55 am UTC| Insights & Views
ADP employment data to be released at 12:15 GMT is todays most vital dockets from US to be watched by market participants. What is ADP employment? The report is a measure of non-farm private sector employment which is...