Pound drops out of favor as rate hike bets slashed – calls updated
Aug 26, 2015 12:22 pm UTC| Insights & Views Technicals
Pound is the worst performing major since yesterday after touching highest level since June. Pound traded as high as 1.581 against Dollar, before falling sharplyas SP 500 wiped out 3% initial gains to close red for the...
EUR/SEK uptrend gears up on likely Riksbank rate cut despite lower inflation forecast
Aug 26, 2015 12:10 pm UTC| Insights & Views Central Banks Technicals
In the Scandi FX market, it is time for this weeks key data releases. In Sweden the NIERs inflation forecast is an important driver for expectations on additional Riksbank easing. Our base case remains that the Riksbank...
Volatility of volatility hits record high, thanks to Black Monday
Aug 26, 2015 11:39 am UTC| Insights & Views
The above chart shows that VVIX index (volatility of VIX index) rose to record, over current market turmoil, thanks to China, whose economic concern has created massive headwinds for global economy. VIX is known as the...
China's growth to remain subdued through 2016, more easing cannot be ruled out
Aug 26, 2015 11:13 am UTC| Insights & Views
Sudden change in Chinas exchange rate mechanism earlier this week rattled markets across the globe. It is definitely not a panicked change towards growth-through-devaluation strategy. The PBoC had been preparing for a more...
UK’s underlying economic current continue to pose improvement
Aug 26, 2015 11:10 am UTC| Insights & Views
According to latest survey by conference board UKs economic recovery is gaining momentum. After evidence of growth in industrial sector, latest survey shows UKs retail crowd isnt lagging behind. Retail sales volumes...
Inflation expectations in U.S. drop to 5-year low
Aug 26, 2015 10:24 am UTC| Insights & Views Economy
Recent financial market turmoil and lower price of commodities including energy has made it tough for US central bankers to go ahead with a rate hike in immediate policy meeting scheduled for September 16th/17th. While...
FXWirePro: EUR/GBP short options combo to replicate short spot FX on potential slumps
Aug 26, 2015 10:20 am UTC| Insights & Views
Technical Glance and Trade Tips:Weekly technical charts that have shown continuous down-streak have now been back again. This pair had taken a brief pause while a slight recovery took place from 19thAugust, bounces from...
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