Asian markets open mix, Gold remains supported above $1250

Apr 20, 2016 03:36 am UTC| Commentary

All the major Asian indices are trading on a mix note on Wednesday. On the other side, Gold remains supported above $1250 marks and trading around $1254. In addition, Japanese Yen continues to add strength against US...

U.S. home building slows in March, after a strong reading the prior month.

Apr 19, 2016 15:33 pm UTC| Commentary

Housing starts fell 8.8 percent in March to a 1.09 million-unit rate, led by a 9.2 percent decline in single-family starts. Despite the dip in building activity, on a year-to-date basis, single-family starts are still up...

Oil markets stabilize, shrug off Doha disappointment

Apr 19, 2016 15:11 pm UTC| Commentary

The decline in the oil price following the failure of Doha talks on Sunday was short-lived with the price on Brent crude rising back above USD43/bbl this morning. Recovery in prics suggested that unless outright production...

How does Indian trade look after World Bank and IMF’s rating on global growth outlook?

Apr 19, 2016 14:40 pm UTC| Insights & Views Commentary

The World Bank and the IMF have downgraded their global growth outlook. Majority of Indias close trading partners confront sluggish growth at home. More preventing measures to prop up the trade sectors are on the table,...

FX Hedging Strategy Series

FxWirePro: What if we choose OTM instruments in EURGBP FX option strips?

Apr 19, 2016 14:36 pm UTC| Commentary

For demonstration we consider the EURGBP OTM instruments while formulating option strips strategy. Scenario 1: What if underlying moves down: The puts we deploy were not very far off from the ATM strike and cheap...

FX Hedging Strategy Series

FxWirePro: EUR/GBP option strips to hedge non-directional trend as per sensitivity tool amid euro area data season

Apr 19, 2016 14:27 pm UTC| Commentary

Technically, EURGBP on EOD technical charts has shown down-streak has now continued from yesterdays close at 0.7920 to the current 0.7908 levels slipping below 21DMA. Well, on a broader perspectives, things seem like...

Rebound in Australia business conditions point to solid labour market in the near term

Apr 19, 2016 14:23 pm UTC| Commentary

ANZ-Roy Morgan Australian consumer confidence halted four straight weeks of losses and rebounded strongly. After falling nearly 4% over the previous four weeks, the index bounced 3.4% in the week ended 17 April. The...