Jul 06, 2015 15:17 pm UTC| Insights & Views
After Sundays decisive election, in which Greek people rejected the bail out in over whelming majority, focus now turns to Greek governments and Euro zone leaders to understand, what lies ahead? Including Ms. Merkel has...
Missing ECB payment might turn all hell loose for Greece
Jul 06, 2015 14:26 pm UTC| Insights & Views
Greece has missed the payment to IMF and survived without much of any immediate consequence (though IMF will withhold further funding to Greece), however a payment miss to ECB might open up Pandoras Box for Greece, which...
ECB’s stress test seems useless, risks credibility
Jul 06, 2015 13:53 pm UTC| Insights & Views
European Central Bank (ECB) has taken harsh decision to not to increase Emergency Lending Assistance (ELA) to Greek banks last weekend, which has done nothing but to sour the sentiment and pushed Greece closer to the...
Oil price collapses again – what are target areas?
Jul 06, 2015 13:16 pm UTC| Insights & Views
Since oil failed to break above the congestion and WTI benchmark failed to clear above doji high, it is breaking to the downside. WTI crude - WTI oil is currently trading at $54.5/barrel, down after it failed to clear...
Jul 06, 2015 12:48 pm UTC| Insights & Views
On EOD charts of GBPAUD, we traced out an inverted hammer pattern occurred at 2.0437 levels which indicates some bounce from current levels.No leading indicators signal crucial buy or sell but trend analysis to be taken...
Greek 'No' votes spurs risk-off sentiments in Euro zone; focus shift towards EM FX spot
Jul 06, 2015 12:21 pm UTC| Insights & Views
Greece issue continued to remain at the centre-stage. In a latest development, Yanis Varoufakis resigned from the Greek finance ministry.EURINR: We believe the INR will weather Fed lift off-driven disruptions better than...
FxWirePro: Sell Yen against INR and dollar as risk aversion retreats
Jul 06, 2015 11:40 am UTC| Insights & Views
Yen failed to gain traction after initial gap up against most of the currencies today. Investors, unlike last weekend, were well prepared for the outcome since polls were pointing to a very close call. Unexpected...
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