
Gold gains on safe haven bids – calls updated
Jul 09, 2015 13:17 pm UTC| Insights & Views
Today gold price is gaining ground as tension over China market eased somewhat. It seems gold might also be benefiting from safe haven bids. Whats driving gold higher? Metals as well as other commodities are moving up...
China’s interventionist attitude likely to Keep Yuan away from SDR seat
Jul 09, 2015 12:49 pm UTC| Insights & Views
China has long been trying to make its currency Yuan globally acceptable and a place in IMFs SDR (special drawing rights) basket would surely ensure that it happens. Every year International Monetary Fund (IMF) reviews...

FxWirePro: GBP/USD technical round up; binary calls for targets of 20-25 pips
Jul 09, 2015 12:40 pm UTC| Insights & Views
We continue to be firm as to this pair has created a spectacular opportunities for speculators. On EOD charts a candle with long bearish real body at 1.5456 levels occurred to breach channel support. We reckon the short...
FxWirePro: Writing USD/JPY call ladder proves profitable irrespective of swings
Jul 09, 2015 12:19 pm UTC| Insights & Views
Already tensed markets on China and Greece were furthermore jerked by a sudden shut down in the NYSE for several hours overnight. Equities and commodities remained pressured, and bonds were bid. For FX that helped boost...

Today’s Chinese rally is not good representative of true picture
Jul 09, 2015 11:58 am UTC| Insights & Views
Chinese authorities have been throwing almost everything in to stem a stock market crash, must be breathing some air of relief as the benchmark index, CSI 300 rose 5.76% today, and posing best recovery since...

MERS and Yen to take greater toll on Korea
Jul 09, 2015 11:09 am UTC| Insights & Views Economy
South Koreas central bank kept interest rates at record low of 1.5% but reduced the growth forecast amid economic slowdown. Today, the Central Bankreduced forecast for second quarter to just 0.4% from 1% revised...
FxWirePro: EUR/AUD derivatives straps to enable participation in upswings
Jul 09, 2015 11:08 am UTC| Insights & Views
On long term charts the pair holds stronger on upside and short term trend is upward bias. RSI (14) curve converges the rising prices and slow stochastic states uptrend remains intact (%K line at 71.9424 %D line at...