Currency snapshot (major pairs)
Jul 21, 2015 15:40 pm UTC| Insights & Views
Dollar index trading at 97.30 (-0.76%). Strength meter (today so far) - Euro +0.88%, Franc +0.46%, Yen +0.32%, GBP -0.09% Strength meter (since last week) - Euro +0.90%, Franc +0.18%, Yen +0.12%, GBP -0.30% EUR/USD...
Sugar turns bitter in Brazil as prices drop
Jul 21, 2015 15:08 pm UTC| Insights & Views
Sugar prices dropped to 6.5 year low yesterday, when prices tumbled by 4.5%. In 2011, price reached $35 per pound. Since then prices have kept tumbling to reach $11.5/pound. Yesterday, price dropped $11.35/ pound. Such...
Hungary gets easing while forint gets positive boost
Jul 21, 2015 15:00 pm UTC| Insights & Views
Hungarian Forint is up 1.3% so far against dollar, in spite of Central Bank cutting rates. Market was expecting a rate cut but in tune of 10 basis points but the central bank overwhelmed the market by providing rate cut...
China’s large capital account outflow raises concern
Jul 21, 2015 13:26 pm UTC| Insights & Views
Chinese Forex reserve is declining at fastest pace on record. Chinese forex reserve is still the largest in the world and reasonably high enough, however if it keeps falling steadily it is likely to raise concerns over...
FxWirePro: Swiss posts healthier trade data; buy USD/CHF binary puts
Jul 21, 2015 13:10 pm UTC| Insights & Views
Since the maximum trade exposure of Swiss is against the US, the Swiss franc is expected to gain slightly on its trade data release.Yes, the upbeat Swiss trade balance has printed at 3.58 billion which is a way beyond...
Tough challenge for Tsipras government tomorrow
Jul 21, 2015 12:58 pm UTC| Insights & Views
Greek Prime Minister Alexis Tsipras has introduced next set of measures in the parliament, which needs to be passed by tomorrow to ensure Greece remains in the negotiation process to secure a third bailout from European...
Jul 21, 2015 12:45 pm UTC| Insights & Views
We stated this last night but we tend to reiterate distinguishing facts from fiction. Yes, its loonie that is looking weaker against almost all major pairs, the main driving force being falling crude prices.Technical...
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