
Almanac spreads of EUR/GBP to hedge downside risks
Jun 01, 2015 12:39 pm UTC| Insights & Views
Lots of bearish stuffs are boiling on this pair. The formation of descending triangle on EURGBP pair is seen on weekly chart.We watch out watch for a move below triangle support at 0.7114 that will drag the pair to further...

Oil rebound boosts Russian growth forecast
Jun 01, 2015 12:34 pm UTC| Insights & Views
It seems that economists have been too pessimistic on Russia, with drop in oil prices and increased competition from Middle East oil producers and now they are turning to revise their projections. The World Bank has...

PCE inflation to decide dollar’s fate
Jun 01, 2015 12:03 pm UTC| Insights & Views
Dollar has started the week in stronger footing, as most of the major counterparts retreated against dollar amid risk aversion arising from Greece negotiation and Italian election outcome. Euro is down 0.55%, Pound is...

Bund awaits CPI reading from Germany
Jun 01, 2015 11:34 am UTC| Insights & Views
Bund has broken above its recent range has been gradually moving up, pushing yields lower. Today next set of tests lies for bund traders as preliminary readings will be released from Germany. Past trends - In January...

UK Manufacturing PMI indicates economic slowdown; Sterling under pressure
Jun 01, 2015 11:20 am UTC| Insights & Views
The GBP/USD has been slid to 0.44% to 1.5200 from around 1.5268 after manufacturing PMI data printed at 52.0 which is below forecast at 52.7 level.The sterling dipped to a new three weeks lows against the dollar on earlier...
Chinese PMI casts doubts on policymakers’ confidence
Jun 01, 2015 10:39 am UTC| Insights & Views
Chinese policymakers have defended their growth target of 7% this year, even in the face of weaker economic releases and IMF downgrading Chinas growth estimate to 6.8%. Todays PMI release showed that nothing much has...

Jun 01, 2015 10:29 am UTC| Insights & Views
Technical watch: (USD/BRL)The pair on weekly chart trading near lower trend line at 3.1745 which is to form as a significant.If this level breaches on a closing basis, then next critical support is seen at 3.0652.We...