Jul 07, 2015 12:24 pm UTC| Insights & Views
For now, EOD technicals show some sigh of reliefs for trade laggards who were stubborn holding bullish view in this commodity as they must have trimmed leftover money investing in this commodity.Dear readers, unless until...
Keeping Greece in Euro zone may be bad but pushing Greece out is worse
Jul 07, 2015 12:22 pm UTC| Insights & Views
European leaders have taken a hard line against Greece and openly talking about a Greek exit from single currency project. It is true that there is no point paying Greek bills forever for other Euro zone countries. There...
Crude accounts massively as resultant force of Greece defaults; downtrend to halt in range
Jul 07, 2015 11:44 am UTC| Insights & Views
Target achieved at below US$55 a barrel!! Aftermaths of long lasting Greece turmoil, lingering dollar strength and the dramas of crude inventory levels in Western Texas Intermediate oil mines have managed to trigger the...
FXwirePro: USD/CAD trade idea – target 1.38
Jul 07, 2015 11:44 am UTC| Insights & Views
US dollar is likely to strengthen further against Canadian dollar. Economic fundamentals are strengthening in US, whereas Canadas economic activity weakened further. Monetary policy remains divergent. Bank of Canada...
Tsipras needs to be humble now
Jul 07, 2015 11:06 am UTC| Insights & Views
Greek people has voted down lenders proposal and given the opportunity to Prime Minister Alexis Tsipras to hold his head high as he is headed to European leaders summit today, which is scheduled to begin at 16:00...
Jul 07, 2015 10:24 am UTC| Insights & Views
The BoCs Q2 Business Outlook Survey showed a marginal improvement from Q1 but was still overall very soft on all fronts.Investment intent in machinery equipment remains extremely weaker, rising just slightly to 7.0 from...
Chinese rout reels across commodity world – Calls included
Jul 07, 2015 10:21 am UTC| Insights & Views
Chinese stock market rout, which is continuing for fourth consecutive week and wiped out $3.2 trillion of market capitalization is hitting the commodity world hard. Comex copper has broken below $2.5/pound as Chinese...
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
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