Commodities snapshot (precious & industrial)
May 27, 2015 13:58 pm UTC| Insights & Views
Metals are consolidating today. Performance this week at a glance in chart table - Gold - Gold lost ground further, after price broke below $1200 mark. A test of $1178 support is likely. Bearish target is coming...
Dollar firms further, while bund breaks range
May 27, 2015 13:05 pm UTC| Insights & Views
10 year bund CFD, for first time traded above 155 range high in last 20 days. Bund 10 year yield is now trading at range low of 0.52% and German Yield curve have now shifted lower, with 5 year now hovering very close to...
Lackluster Aussie capex numbers likely to disappoint
May 27, 2015 13:00 pm UTC| Insights & Views
Capital expenditure: Australian mining capex still sliding, but services capex rising further. Australia is expected to report a continued downtrend in private capital expenditure in Q1 which likely declined by 0.7% QoQ...
Fibonacci retracements indicate AUD/USD still overpriced
May 27, 2015 12:54 pm UTC| Insights & Views
Technical insights: (AUD/USD)No wonder.. why has this pair been slumping.On a daily chart of AUD/USD it is figured out that almost 80% of retracement on a short term all the way from peaks of this pair at around 0.81...
Europe will regain its share in world trade, while China looses
May 27, 2015 12:39 pm UTC| Insights & Views
Europe will regain its share in world trade, while China looses Latest data from CPB World Trade Monitor shows that recovery is gathering pace in Europe In 2015 in terms of total trade. Both imports and exports are going...
May 27, 2015 12:01 pm UTC| Insights & Views
Emerging market economies face tough challenge this year in spite of favorable energy and commodity prices. While weaker energy prices provides boost to Emerging Asias trade balance by reducing import costs, monetary...
INR looks superior among emerging markets; slides on F&O expiry week
May 27, 2015 11:51 am UTC| Insights & Views
India was one of the fragile five in 2013 but they are no longer part of that group this time around because of the improved fundamentals.There are still other emerging economies that have fundamentals that put their...