Lingering returns on Long Guts for Gutsy bulls
Jun 02, 2015 08:50 am UTC| Insights & Views
Currency options strategy for traders who are risk averse at this juncture bull rally of USD/JPY:Long guts spreads look attractive since we tend to participate in existing bull rallies. Hence, those whore risky traders can...
USD/JPY bottomed out Bollinger band; Uptrend remains intact
Jun 02, 2015 08:37 am UTC| Insights & Views
We perceive the near term uptrend for USD/JPY remains to be intact as the two solid engulfing bull candles occurred at around 120- 121.5 range both on daily weekly graphs exactly at the narrowed Bollinger band. The same...
Copper faces risk from China’s aluminum shift
Jun 02, 2015 08:26 am UTC| Insights & Views
Copper which is down heavily more than 20% from 2014 peak might face further headwinds as China is shifting from heavy copper user to aluminum user as it finds more use for the white metal. Historically copper has been...
RBI provides further easing, move to wait and watch mode
Jun 02, 2015 07:09 am UTC| Insights & Views
Reserve Bank of India (RBI) Governor Raghuram Rajan has chosen to cut interest rates for a third time this year, as continued disinflation provided room for rate cut. The RBI cut the repo rate by a quarter point to 7.25...
AUD/NZD oscillating near trend line resistance; Diagonal Bull Call hedges NZD
Jun 02, 2015 07:02 am UTC| Insights & Views
The pair is trading at 1.0789 which is crucial resistance near trend line on daily charts.The bullish engulfing pattern candlestick occurred at the same stage to add more downward pressure to NZD.The other oscillating...
Guide to today’s important data and events
Jun 02, 2015 06:35 am UTC| Insights & Views
Lot of economic dockets scheduled for today, with moderate risk associated. Focus is on Euro zone inflation and factory orders from US. Data released so far - Australia - Quarter one current account deficit came at...
RBA rate cut, NZ trade terms plunges Kiwi’s currency
Jun 02, 2015 06:26 am UTC| Insights & Views
RBA keeps interest rate (cash rate) unchanged at 2.0% which is as per forecasts. The cash rate is the rate charged on overnight loans between financial intermediaries, is determined in the money market as a result of the...