PBoC official defends China’s move blames FED for market turmoil
Aug 27, 2015 17:52 pm UTC| Insights & Views
Mr. Yao Yudong, head of central banks research institute for finance and banking defended Peoples bank of Chinas (PBoC) move to devalue Yuan. According to him, recent rout in the global market is not be blamed on PBoC, but...
Aug 27, 2015 17:18 pm UTC| Insights & Views
Equities are back trading in green today. Performance this week at a glance in chart table - SP 500 - SP future is up sharply with return of risk appetite. Todays range 1938-1986. Flash reading showed US GDP grew...
Aug 27, 2015 16:40 pm UTC| Insights & Views
Energy pack is trading in green today. Weekly performance at a glance in chart table. Oil (WTI) - WTI is sharply gaining today as risk appetite improved sharply. Todays range $38.8-42.3 Global equities rally and...
Commodities snapshot (precious & industrial)
Aug 27, 2015 16:17 pm UTC| Insights & Views
Metal pack is posing a comeback today. Performance this week at a glance in chart table - Gold - Gold is finding resistance around $1125. Todays range - $1129-$1118 Gold might test support around $1100 area. Gold is...
Currency snapshot (commodity pairs)
Aug 27, 2015 14:51 pm UTC| Insights & Views
Dollar index trading at 95.64 (+0.38%) Strength meter (today so far) - Aussie +0.38%, Kiwi +0.41%, Loonie +0.32%. Strength meter (since last week) - Aussie -2.19%, Kiwi -3.13%, Loonie -0.60%. AUD/USD - Trading at...
Currency snapshot (major pairs)
Aug 27, 2015 14:36 pm UTC| Insights & Views
Dollar index trading at 95.69 (+0.44%). Strength meter (today so far) - Euro -0.73%, Franc -0.62%, Yen -0.27%, GBP -0.33% Strength meter (since last week) - Euro -1.12%, Franc -1.28%, Yen +1.35%, GBP -1.66% EUR/USD...
FxWirePro: Long FTSE 100 targeting 6600
Aug 27, 2015 13:57 pm UTC| Insights & Views
UKs benchmark stock index, FTSE 100 seem to have recovered from its long losing streak and risk reward remains very attractive to long the index. In spite of recent financial turmoil and sharp drop in FTSE 100, the fact...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects