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...
Fragile EuroZone conditions provide better prospects for China
Jul 06, 2015 11:39 am UTC| Insights & Views
After long lasting Greece turmoil institutional investors have been little cautious on euro zone and seemed to have shifted their focus on Ems. China has been one among targeted destination. The PBoCs policy measures...
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