Chinese stimulus boost steel production thus iron ore price

Apr 19, 2016 08:41 am UTC| Commentary

Newly introduced fiscal stimulus from Chinese government led to improvement in housing sector and construction, which in turn is boosting Chinas steel industries again thus helping further recovery in iron ore...

Aussie touches 10 month High against Dollar on RBA’s “very”

Apr 19, 2016 08:01 am UTC| Commentary Central Banks

In its minutes of April meeting, released today, Reserve Bank of Australia (RBA) has introduced a four letter word that has been driving Aussie since the morning. Australian Dollar, traded 0.78 against Dollar today, a...

FxWirePro: NZD/JPY long guts combinations for hedging higher IV risks

Apr 19, 2016 07:52 am UTC| Commentary

We continue to view the risks to the NZD outlook as being to the downside in long run, but do not see an imminent catalyst, particularly with local data still robust. That might well set off the next raft of unease as...

FxWirePro: Euro to trade lower at 112 against Yen (medium term outlook)

Apr 19, 2016 07:37 am UTC| Commentary

Both European Central Bank (ECB) and Bank of Japan (BOJ) are in massive easing mode, however we expect Euro to suffer more on the downside than Yen. While both Euro and Yen gained, despite their respective central banks...

India’s trade deficit narrows in FY 2015-2016 on declining imports, exports unlikely to rebound quickly

Apr 19, 2016 07:28 am UTC| Commentary

Indias exports contracted 15.9% in FY 2015-16, mainly due to real rupee strength, declining commodity receipts and weak global demand. This partially offset the boost received from 15.3% drop in imports that narrowed the...

FX Hedging Strategy Series

FxWirePro: NZD/JPY straddles for short term speculation on higher IV risks

Apr 19, 2016 07:22 am UTC| Commentary

We continue to view the risks to the NZD outlook as being to the downside in long run, but do not see an imminent catalyst, particularly with local data still robust. That might well set off the next raft of unease as...

Japanese long-term bonds gain after weak departmental store sales, BoJ’s easing expectations

Apr 19, 2016 07:05 am UTC| Commentary

The Japanese long-term government debt instrument gained on Tuesday amid weak March departmental store sales figure and expectation of further policy easing from the Bank of Japan. The yield on the benchmark 10-year, which...