Saudi Arabia’s oil production drop provides support to crude
Aug 12, 2015 10:58 am UTC| Insights & Views
At a time, when global commodities are facing one of the hardest time over Chinas second consecutive devaluation of Yuan, production drop in worlds largest oil exporter seems to be providing some cushions to the...

FxWirePro: Bullish engulfing again but within channel lines on EUR/AUD; option straps for hedging
Aug 12, 2015 10:34 am UTC| Insights & Views
Technical Glance:After an intermediate downtrend in last week, bulls are back on track to test channel resistance at 1.5415, so thereby around 200 pips on upside potential is due. On weekly charts this is confirmed by...

PBoC’s Yuan move attracts criticism from US
Aug 12, 2015 10:28 am UTC| Insights & Views
After weakening Yuan via fix by 1.9% on Tuesday, China has devalued the currency once again today by lowering the fix by 1.6%, marking largest two day moves in more than two decades. Chinese currency devaluation has...
FxWirePro: XAU/USD binary calls for bullion speculators, diagonal spreads for hedgers
Aug 12, 2015 10:10 am UTC| Insights & Views
Gold was fallen to a 5.5 years low of $1,073.53 on 20th July amid the Feds speculation of rising interest rates in September for the first time since 2006. But prices have since rebounded approximately 3%. Gold prices have...
Guide to today’s important data and events
Aug 12, 2015 09:43 am UTC| Insights & Views
Lot of economic dockets for today, with low to medium risks associated. Data released so far - China - Industrial production grew 6% in July, lower than 6.8% in June on yearly basis. Urban investment growth dropped to...

Aug 12, 2015 08:16 am UTC| Insights & Views
To precisely stating, it is going to be downtrend until it touches 89.347 levels which is at the lower trendline of falling wedge. More précising stating expect downswings in short term trend, bounce back likely in...

Aug 12, 2015 07:47 am UTC| Insights & Views
To precisely stating, it is going to be downtrend until it touches 89.347 levels which is at the lower trendline of falling wedge. More précising stating expect downswings in short term trend, bounce back likely in...