Jul 30, 2015 10:53 am UTC| Insights & Views
Today first estimate of US second quarter GDP will be released at 12:30 GMT. Market is expecting improved second quarter for US economy. Past trends - after rising 5% and 2.2% in previous two quarters, US GDP shrank...
Sentiment soars in Europe as Greek drama settles
Jul 30, 2015 09:56 am UTC| Insights & Views
Improvement in Greek situation has clearly provided the boost in sentiment, especially on the business side. Greece and the creditors have reached an initial agreement, which led to disbursement of 7.16 billion, with...
Constructive near term risk-reward profile for USD/SGD
Jul 30, 2015 09:48 am UTC| Insights & Views
If the tactically bearish stance on EM FX continues to unfold there is upside potential in USD-SGD. As shown in the diagram the Singapore dollar has lagged the weakness in regional currencies over the last one month.On...
Guide to today’s important data and events
Jul 30, 2015 09:25 am UTC| Insights & Views
Lot of economic dockets scheduled for today, some with high risk associated. Data released so far - Australia - Import price index rose by 1.4%, whereas export price index dropped by -4.4%. Building permits dropped by...
FxWirePro: USD/SGD uptrend remains intact; delta hedge to confront puzzling swings
Jul 30, 2015 08:28 am UTC| Insights & Views
Weve been reiterating that the prevailing uptrend for USD/SGD seems to be exhausted in an attempt to evidence 3 months high but looking weaker as it was unable to sustain the same.The leading oscillating indicator RSI (14)...
FxWirePro: EURGBP volatility optimizer through gamma spreads
Jul 30, 2015 07:59 am UTC| Insights & Views
Hedging framework using naked contracts would turn out to be a gamble on highly volatile currency pairs (EURGBP and EURUSD are the ones among the pool), it may fetch desirable outcomes but at times seems unlikely...
FxWirePro: Diagonal Strips for both hedging and trading AUD/NZD
Jul 30, 2015 07:21 am UTC| Insights & Views
Ever since the downswings are seen on this pair the leading oscillators have been showing downward divergence. RSI trending near 56.6008 diverging with falling prices, while %D line crossover on slow stochastic at around...
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’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects