Bearish engulfing on EURUSD drags to further slumps
May 29, 2015 07:14 am UTC| Insights & Views
Technical insights: EURUSD:On a weekly chart the pair formed a bearish engulfing pattern candle with tall real body engulfs completely the previously formed two and half weeks bullish momentum which signifies the downside...
One OCR cut by RBNZ may not be enough
May 29, 2015 07:08 am UTC| Insights & Views
Latest survey by ANZ research revealed that New Zealand economy in spite of its current strength is losing steam and survey correspondents are more concerned of the economic prospects ahead. Headline business confidence...
SNB move strains Swiss economy
May 29, 2015 05:41 am UTC| Insights & Views
Swiss National Banks (SNB) January move to remove Euro peg has finally started to take its toll on economic activities. Swiss PMI has remained in contractionary zone for four consecutive months, starting from January,...
Guide to today’s important data and events
May 29, 2015 04:27 am UTC| Insights & Views
Lot of economic dockets to be released today with high risk associated. Focus is on GDP data. Data released so far - New Zealand - ANZ business confidence dropped sharply in April to 15.7 from 30.2. ANZ activity...
Currency snapshot (major pairs)
May 28, 2015 15:13 pm UTC| Insights & Views
Dollar index trading at 97.44 (+0.14%). Strength meter (today so far) - Euro +0.06%, Franc +0.29%, Yen -0.42%%, GBP -0.45% Strength meter (since last week) - Euro -0.93%, Franc -0.42%, Yen -2.18%, GBP -1.28% EUR/USD...
Currency snapshot (commodity pairs)
May 28, 2015 14:48 pm UTC| Insights & Views
Dollar index trading at 97.27 (-0.03%). Strength meter (today so far) - Aussie -1.17%, Kiwi -1.14%, Loonie -0.38%. Strength meter (since last week) - Aussie -2.31%, Kiwi -1.96%, Loonie -1.79%. AUD/USD - Trading at...
May 28, 2015 14:21 pm UTC| Insights & Views
Equities are marginally lower today. Performance this week at a glance in chart table - SP 500 - SP is marginally down today, over profit bookings. Initial jobless claims rose to 282K. Pending home sales grew by...