
Wave of stimulus measures from PBoC in bid to recover economy
Aug 25, 2015 12:16 pm UTC| Insights & Views Central Banks
Peoples Bank of China (PBoC) announced measures today to help the ailing economy to recover. PBoC reduced 1 year lending rates by 25 basis points to 4.6%. 1 year deposit rates were reduced by 25 basis points to...
FxWirePro: Rosy prospects for crude bears - Short WTI crude futures or arbitrage using rallies
Aug 25, 2015 12:08 pm UTC| Insights & Views
The sharp bounces in equity segment in earlier today have provided support a slight recovery in WTI crude futures. But we reckon that with the persistent focus on a global supply glut and now worries about Chinese demand...

FxWirePro: Buy Dollar against Yen targeting 124 area
Aug 25, 2015 11:18 am UTC| Insights & Views
While Yen was the best performer on Massacre Monday, however Yen bids are likely to further disappear going ahead, as global markets recover steadily except China. China today has taken several monetary policy measures,...

FxWirepro: WTI crude price spikes unlikely to sustain - bearish trend remains intact
Aug 25, 2015 11:10 am UTC| Insights & Views
Technical Watch: Dear readers, weve been consistently bearish and been advocating suitable trading calls when the commodity was around 60 levels and youve seen the effects, we would see prevailing price spikes as just a...

FxWirePro: Sell Euro against Dollar, targeting 1.12 area
Aug 25, 2015 10:52 am UTC| Insights & Views
Euro in recent days gained massive against Dollar. The reasons Euro was up could reverse going ahead pushing single currency down Massive risk aversion led to rapid unwinding of Euro based carry trades, which boosted...

FxWirePro: Buy Pound, sell Yen
Aug 25, 2015 10:20 am UTC| Insights & Views
Yen ranked as the top performer on BlackMonday, however yen bids are likely to disappear on Turnaround Tuesday, as global markets recover steadily except China. Chinese equity sell off continued, with its benchmark...
Guide to today’s important data and events
Aug 25, 2015 09:53 am UTC| Insights & Views
Lot of economic dockets to be released today, with medium risks associated. Data released so far - Australia - CB leading indicator to be released dropped by -0.2% in June. China - CB leading economic index rose...