
Copper faces risk from China’s aluminum shift
Jun 02, 2015 08:26 am UTC| Insights & Views
Copper which is down heavily more than 20% from 2014 peak might face further headwinds as China is shifting from heavy copper user to aluminum user as it finds more use for the white metal. Historically copper has been...
RBI provides further easing, move to wait and watch mode
Jun 02, 2015 07:09 am UTC| Insights & Views
Reserve Bank of India (RBI) Governor Raghuram Rajan has chosen to cut interest rates for a third time this year, as continued disinflation provided room for rate cut. The RBI cut the repo rate by a quarter point to 7.25...

AUD/NZD oscillating near trend line resistance; Diagonal Bull Call hedges NZD
Jun 02, 2015 07:02 am UTC| Insights & Views
The pair is trading at 1.0789 which is crucial resistance near trend line on daily charts.The bullish engulfing pattern candlestick occurred at the same stage to add more downward pressure to NZD.The other oscillating...
Guide to today’s important data and events
Jun 02, 2015 06:35 am UTC| Insights & Views
Lot of economic dockets scheduled for today, with moderate risk associated. Focus is on Euro zone inflation and factory orders from US. Data released so far - Australia - Quarter one current account deficit came at...
RBA rate cut, NZ trade terms plunges Kiwi’s currency
Jun 02, 2015 06:26 am UTC| Insights & Views
RBA keeps interest rate (cash rate) unchanged at 2.0% which is as per forecasts. The cash rate is the rate charged on overnight loans between financial intermediaries, is determined in the money market as a result of the...
Crude price halts losses on OPEC meeting
Jun 02, 2015 05:37 am UTC| Insights & Views
Near month Brent crude futures have declined to USD 64.78 per barrel by 02:27 GMT on Tuesday while US crude was down at USD 60.15 a barrel.Crude oil dipped on Tuesday on expectations that OPEC (Organization of the...

Jun 01, 2015 15:49 pm UTC| Insights & Views
Equities are mixed across globe today. Performance this week at a glance in chart table - SP 500 - SP is down as dollars rise and yields move higher. PCE income grew by 0.4% m/m in April, while expenditure remained...