
Steady MPC votes would provide support to pound
May 20, 2015 08:12 am UTC| Insights & Views
Pound traders are awaiting BOE minutes as pound has taken a heavy hit over weaker than expected inflation data yesterday amid stronger dollar. Bank of England (BOE) minutes will be released at 8.30 am GMT. Pound is...
Low volatility portrays Condor Spreads construction on USD/CHF
May 20, 2015 08:10 am UTC| Insights & Views
ZEW/Credit Suisse Economic Sentiment Index: ZEW Economic Sentiment Index in Switzerland increased to -23.20 in April of 2015 from -37.90 in March of 2015 as reported by the Centre for European Economic Research (ZEW). UBS...
BoE’s rates on-hold likely to stabilize Pounds
May 20, 2015 07:41 am UTC| Insights & Views
BOEs MPC meeting minutes: This event is scheduled today that signals how interest rates regulations would be. Bank of Englands Monetary Policy Committee voted to maintain the bank rate at 0.5% at its 11th May 2015...

Expect another crude drawdown in today’s EIA crude stock report
May 20, 2015 07:37 am UTC| Insights & Views
Today would be third consecutive week, if US Energy Information Administrations (EIA) weekly inventory shows another drawdown. Last week inventory dropped by 2.19 million barrels and market is expecting another drawdown...
Greece shows default card in policy negotiation
May 20, 2015 07:06 am UTC| Insights & Views
Greek parliamentary speaker announced that Greece will not pay IMF on June 5, if a deal is not reached by then with European creditors. Policy negotiation is heating up as Greek coffers run dry and it faces another 1.9...

Deutschland consumer sentiment reflects in manufacturer’s index
May 20, 2015 06:46 am UTC| Insights & Views
German PPI MoM (Producers Price Index) is printed at 0.1% which is in line with the forecasted figure as reported by the Federal Statistical Office. PPI in Germany was decreased 1.70% in March of 2015 over the same month...

Euro fell over ECB frontloading while bund shows resilience
May 20, 2015 06:26 am UTC| Insights & Views
Yesterday commentary from ECB official Mr. Coeure had hit Euro the hardest, souring the recent bull trend in Euro. For the month of May and June, ECB will be frontloading asset purchase which means ECB will be buying...