VIX rose to highest since September rout
Aug 21, 2015 13:11 pm UTC| Insights & Views
Chicago Board Options Exchange SP volatility Index, known as VIX in short rose to highest since September rout in equity market. It used as fear gauge by market participants. As of now it seems, it is unlikely to...
FxWirePro: Short WTI crude futures or arbitrage
Aug 21, 2015 12:51 pm UTC| Insights & Views
Trade tips: Commodity futures and options Weekly technicals suggest still a healthy sell indications as RSI remained well below 30 levels (overbought region) and signaling downward convergence with the slumping prices...
Vega risks of WTI crude explains when to employ vertical BPS
Aug 21, 2015 12:48 pm UTC| Insights & Views
As per our forecasts WTI crude oil futures (CL!1) has been extending its loses from last months highs at around 59 levels to 47.44 in first stage and again below 42.22 levels (our 2nd target). Currently, on NYME,WTI crude...
What hit gold today and what lies ahead?
Aug 21, 2015 12:37 pm UTC| Insights & Views
Gold after rising sharply beyond $1150 area (our target) to trade as high as $1168, dropped sharply towards $1150 area. So what has hit gold today Key resistance - $1168-70/troy ounce is a key resistance for Gold....
The perfect storm engulfing Asia FX looks set to continue
Aug 21, 2015 11:55 am UTC| Insights & Views
Emerging Asian currencies fell on Friday, extend their losing streak to another week, following the worst Chinese factory activity survey in 6-1/2 years. Chinas flash Caixin manufacturing PMI declined in August to 47.1...
Yen formed a key bottom against INR
Aug 21, 2015 11:53 am UTC| Insights & Views
Indian Rupee has clearly lost its charm after Chinas devaluation of Yuan clouded the fundamentals of the country as trade balance with China is expected to deteriorate, moreover hard landing of Chinas economy is likely to...
FXWirePro: Euro targets 0.75 area against Pound – Call updated
Aug 21, 2015 11:28 am UTC| Insights & Views
In spite of diverging fundamentals, Euro might be heading higher against Pound. In last two week, Euro has been showing considerable strength against Dollar, while Pound is continuing its range with upward bias. Euro...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight