
Glencore – a giant falls to its knee
Sep 07, 2015 13:42 pm UTC| Insights & Views
Glencore has taken a decision to sell its assets and raise equities as much as $2.5 billion to curb its massive debt by 2016. Those familiar with Swiss commodity giant Glencore knows that for years it has been giant of...
FxWirePro: EUR/GBP bear put spread for swing trading on dubious downtrend
Sep 07, 2015 12:33 pm UTC| Insights & Views
In order to participate in uptrend of EURGBP which is quite uncertain, bear put spread shall be used over Protective Put as the premiums on naked puts prove too costlier. Bear Put Spread = Long ATM -0.5 delta Put + Sell...
No trend change today, with North America closed for holiday
Sep 07, 2015 12:25 pm UTC| Insights & Views
A warning for retail traders, who are warming up for trend change today in some counters as prices take a reverse course - Change in trend in any counter is unlikely today, due to the market closure in North America,...
FxWirePro: WTI crude diagonal BPS to arrest vega risks
Sep 07, 2015 11:59 am UTC| Insights & Views
Rationale: Always remember the FX options delta and vega would have the huge impact on a long put position should the market bounce. Crude inventory levels: We believe todays extended losses evidenced only due to the...

Demand supply equation hurts intermediary WTI crude bull sentiments again
Sep 07, 2015 11:50 am UTC| Insights & Views
As per our forecasts, we all have seen last month that WTI crude oil futures (CL!1) extended its loses from last months highs at around 59 levels to 47.44 in first stage and again below 42.22 levels (our 2nd target) and...

Renminbi series – widening offshore/onshore spread and dwindling reserves
Sep 07, 2015 11:21 am UTC| Insights & Views
Chinas gigantic forex reserve, fell by $94 billion in August to 3.56 trillion (approx.), lowest level since 2013. On August 11th China depreciated onshore Yuan via fix (trading mid-point released by Peoples Bank of...
Lira takes hit as Turkey launches bombing raid against PKK targets
Sep 07, 2015 10:37 am UTC| Insights & Views
Turkish planes have launched fresh bombing raids on sites in the mountains of south east Turkey, following an attack on a military convoy which left as many as 15 Turkish soldiers dead and many more wounded. This attack...