German bund slumps as Brexit fears ease
Jun 17, 2016 08:49 am UTC| Commentary
The German bund slumped Friday as the chances of Britain leaving the EU in a vote next week were seen receding after parliament member Jo Cox was shot dead on Thursday. Also, firm crude oil prices and stronger risk...
Briferendum Series: Sterling one week IV tests 50 percent
Jun 17, 2016 08:26 am UTC| Commentary
When we are comparing the IVs nothing comes close. Sterling one-week implied volatility, which is popularly known as thecost to protect against swings in the options market is trading just shy of 50 percent. Both in last...
Greece to receive €7.5 billion cash injection on Friday
Jun 17, 2016 08:04 am UTC| Commentary
Ending weeks of speculations over the bailout tranche it is now final that Greece will receive at least 7.5 billion of the 10 billion promised in the last review meeting. This will be thesecond injection of bailout money...
Singapore’s NODX rebounds on rise in shipments to US, Taiwan, Malaysia
Jun 17, 2016 07:41 am UTC| Commentary
Domestic exports of non-oil (NODX)in Singapore rebounded for the month of May as shipments to the United States, Taiwan and Malaysia increased. The major contributors to the rebound in NODX are the non-electronic NODX that...
FxWirePro: GBP/USD IV scenarios amid Brexit/Bremain outcomes
Jun 17, 2016 07:41 am UTC| Commentary Technicals
GBP/USD 1w IVs have crossed 50%, as per our observation, volatilities are possibly not exorbitant, and could even be complacent, given the spot moves implied by the options market quotes. As you can make out from the...
Japan’s trade balance likely to have improved noticeably in May
Jun 17, 2016 07:29 am UTC| Commentary Economy
Japans trade balance is likely to have improved markedly in May.The country is expected to record a trade surplus of JPY 70 billion in May, as compared with the deficit of JPY 220 billion recorded in May 2015, said Societe...
Wildfires to weaken Canada’s economic growth in Q2; GDP likely to rebound to 2 pct in 2017
Jun 17, 2016 07:03 am UTC| Commentary Economy
The Canadian economy started this year on a strong note as a sharp increase in residential investment and exports resulted in the economy to grow at an annualized rate of 2.4 percent in the first quarter. However, fleeting...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects