Chinese PMI casts doubts on policymakers’ confidence
Jun 01, 2015 10:39 am UTC| Insights & Views
Chinese policymakers have defended their growth target of 7% this year, even in the face of weaker economic releases and IMF downgrading Chinas growth estimate to 6.8%. Todays PMI release showed that nothing much has...
Jun 01, 2015 10:29 am UTC| Insights & Views
Technical watch: (USD/BRL)The pair on weekly chart trading near lower trend line at 3.1745 which is to form as a significant.If this level breaches on a closing basis, then next critical support is seen at 3.0652.We...
Underperforming Brazil keeps BRL at stake
Jun 01, 2015 10:05 am UTC| Insights & Views
Current account balance to GDP ratio does not seem to improve in 2015: Earlier data announcements in April show that Brazils current account balance has improved slightly in dollar terms. But, it seems to be paused at that...
Italy’s election outcome pushes yield higher, euro lower
Jun 01, 2015 09:59 am UTC| Insights & Views
The week started with nervousness, as outcome from Italys election spooked market participants. Euro, which closed last Friday on stronger footing, facing tough headwinds today. Matteo Renzi, the Italian prime minister,...
Italy’s election outcome pushes yield higher, euro lower
Jun 01, 2015 09:47 am UTC| Insights & Views
The week started with nervousness, as outcome from Italys election spooked market participants. Euro, which closed last Friday on stronger footing, facing tough headwinds today. Matteo Renzi, the Italian prime minister,...
Spanish assets to benefit as pace of recovery reaches pre-crisis
Jun 01, 2015 08:43 am UTC| Insights & Views
Spanish manufacturing sector gathered further pace in May, as evident from Markit manufacturing PMI. Spanish assets still remain significantly lower priced compared to pre-crisis level, thus presents excellent opportunity...
Hanging man on GBP/JPY; add BPS on hedging front
Jun 01, 2015 08:32 am UTC| Insights & Views
Technical glance:On daily chart of this pair shows bearish hanging man pattern candlestick on up-move occurred which means an earlier trend is about to be reversal .But before jumping into the guns please note that this is...