Cable is back to range bounded trend amid speculation over rate hikes from Federal reserve and BoE
Aug 11, 2015 13:13 pm UTC| Insights & Views
GBP/USD has regained to catch the range bounded trend; we had advocated currency option strategy on 06th August as it had to suit such circumstances where in the recommendation was that the cable would remain in the range...
Greece deal done in outline, awaits political approval
Aug 11, 2015 12:29 pm UTC| Insights & Views
After haggling over the last bailout for months, Greece and creditors have been able to strike a deal in almost no time. According to Greek officials, who are usually on the very optimistic side, a deal is done. It has...
PBOC indicates currency reform, may not be enough for SDR
Aug 11, 2015 12:06 pm UTC| Insights & Views
introduced some indications of reform, ahead of IMF meeting over Yuans fate, whether to add the currency to its Special Drawing Rights (SDR) this year or not. Chinese government has been lobbying for long for the...

Aug 11, 2015 11:53 am UTC| Insights & Views
Technical Inference:The bearish candles such as shooting star and doji pattern are piling up on USDCHF pair. All these 3 bearish candles occurred on uptrend rallies at peaks.The highs of these bearish candles were not...

Aussie at risk over Yuan devaluation
Aug 11, 2015 11:31 am UTC| Insights & Views
Australian economy as well as its dollar faces risk over todays devaluation of Chinese Yuan via fix by Peoples bank of China (PBOC). Over the last few months, analysts were expecting PBOC not to devalue its currency,...

Chinese intervention via FIX largest on record
Aug 11, 2015 11:02 am UTC| Insights & Views
Todays currency move by China is a historic one. Peoples Bank of China (PBOC) surprised the market today by introducing much awaited devaluation of currency to stimulate economy. Each day at 9:15 am local time the Peoples...

FxWirePro: Rosy opportunities for crude bears - Short WTI crude futures or arbitrage using rallies
Aug 11, 2015 10:26 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.Monthly technicals still suggest sell indications as the RSI signaling...