
GILTS and pound might reverse course post UK budget – book profit on prior short calls
Jul 08, 2015 15:35 pm UTC| Insights & Views
Budget presented by UK chancellor shows that the deficit reduction is smaller than what market was anticipating. Debt management office (DMO) of UK said it will reduce sales of short term bills and will be financing...

Jul 08, 2015 15:03 pm UTC| Insights & Views
Gold is probably experiencing some safe haven bids amid rout in equity market, however that is unlikely to push gold higher amid commodity rout and expectation of rapid slowdown in China. Though gold shines at a time when...
Jul 08, 2015 14:35 pm UTC| Insights & Views
Greek Prime Minister Alexis Tsipras has sent a formal letter to European Stability Mechanism (ESM), which is a 500 billion fund asking a third bailout for Greece. Key highlights from the letter - Greece has asked for...

Bloomberg commodity index hit lowest since 2001
Jul 08, 2015 12:47 pm UTC| Insights & Views
Global commodity prices have been hit hard over China, where government and regulators have so far failed to prevent melt down. Chinas benchmark stock market CSI300 dipped by another -5.9% today as all measures taken so...
INR and Nifty seem shrugging off Greece and Chinese adverse impacts
Jul 08, 2015 12:39 pm UTC| Insights & Views
The Chinese government is trying hard to stabilize the stock market, but so far to little effect: earlyon Wednesdaythe Shanghai Composite dropped another 8% or so, but then drifted higher. As one of the key measures,...
Latin American Outlook: Trade Exotic Binaries
Jul 08, 2015 12:24 pm UTC| Insights & Views
Brazils inflation likely breached 9.0% yoy (0.9% MoM) in June the highest level since 2003.Chilean economic growth likely stalled in May which consequently should add downside risks to our Q2 2015 forecast.In a recent...

Iron ore rout leaves Aussie on weak footing
Jul 08, 2015 12:10 pm UTC| Insights & Views
Chinese stock melt down is causing massive headwinds for commodities across globe, which in turn likely to add downside pressure to commodity currencies. Benchmark iron ore (62% content), which is major ingredient for...