
EURJPY traders book profits, hedgers rely on BCS for downrisk
May 11, 2015 07:00 am UTC| Insights & Views
As stated earlier we managed to extract the minor gains on Bull Put Spread of EURJPY currency cross. Now the intermediate trend is taking U turn on this pair. Yes indeed, downside pressure now added risks to Euro over Yen....
Chinese rate cut failed to boost Aussie and Copper
May 11, 2015 06:51 am UTC| Insights & Views
Over the weekend Peoples Bank of China (PBOC) provided 25 basis points cut in its lending rate in a bid to boost Worlds second largest economy. Lending rate now stand at 5.1%. China faces lower growth prospect in 2015,...
Guide to today’s important data and events
May 11, 2015 06:36 am UTC| Insights & Views
Few economic dockets to be released today, focus is on monetary policy decisions from Bank of England. Data released so far - Australia - Business conditions as surveyed by banks dropped to 4 in April from 6, whereas...
INR edgy on its depreciation, expect corrections on Euro
May 08, 2015 15:00 pm UTC| Insights & Views
Overseas traders are positive on Indias long-term prospects for growth and market performance on Indias U turn on Tax matters (MAT) which we think as conducive for corporates. Short term concerns reflect over outside...

Currency snapshot (major pairs)
May 08, 2015 14:40 pm UTC| Insights & Views
Dollar index trading at 94.9 (+0.3%). Strength meter (today so far) - Euro -0.61%, Franc +0.02%, Yen +0.17%, GBP -0.13% Strength meter (since last week) - Euro -0.02%, Franc +0.58%, Yen +0.26%, GBP +1.50% EUR/USD...

Currency snapshot (commodity pairs)
May 08, 2015 14:08 pm UTC| Insights & Views
Dollar index trading at 94.58 (-0.04%). Strength meter (today so far) - Aussie +0.42%, Kiwi +0.47%, Loonie -0.01%. Strength meter (since last week) - Aussie +1.16%, Kiwi -0.72%, Loonie +0.35%. AUD/USD - Trading at...

Dollar attempts higher on nonfarm payroll data but not suffice against Euro and Pounds
May 08, 2015 14:04 pm UTC| Insights & Views
The dollar was lingering to get held up after the U.S. Department of Labor reported on yesterday that the number of individuals filing for initial jobless benefits in the week ending May 2 rose by 3,000 to 265,000 from the...