Haven flows keep franc well bid against Euro
Jun 17, 2015 12:38 pm UTC| Insights & Views
It is like coming back to 2011/12 when Swiss economy was experiencing massive inflows out of Euro zone into its banks and bonds. However that situation subsided as Swiss national bank deployed 1.20 floor against Euro and...
FxWirePro: Buy DOW, NASDAQ binary calls amid Fed, M&A deals and Grexit
Jun 17, 2015 12:33 pm UTC| Insights & Views
The Dow Jones industrial average hiked by 113.31 points (i.e. 0.64%) at 17,904.48.While Nasdaq added 25.58 points (i.e. 0.51%) at 5,055.55 and the SP 500 gained 11.86 points (i.e. 0.57%) at 2,096.29. While you may be...
EUR outlook weaker vs USD but stronger vs JPY
Jun 17, 2015 11:36 am UTC| Insights & Views
Euro against dollar dipped 36 pips to end yesterdays session. Both the ECB and the creditors persist to add pressure on the Greece government to arrive at an agreement by tomorrow.We believe that consistent negotiations...
Euro zone inflation too weak to spur massive bond rout
Jun 17, 2015 10:46 am UTC| Insights & Views
Today Eurozone CPI estimate was released by Euro stat and that showed inflation in Euro remains in positive but subdued. Diverse growth and inflation in European Monetary Union (EMU) makes it harder for European Central...
FxWirePro: AUD/JPY combinations over naked puts still better choice for leverage benefits
Jun 17, 2015 10:37 am UTC| Insights & Views
The trade balance of Japan for May month posted another deficit, albeit small at 0.18tln and down from previous 0.24tln deficit in April.Both export growth (2.4%) and import growth (-8.7%) were declined than expected on...
FxWirePro: Never buck NZD/USD downtrend; position with synthetic put
Jun 17, 2015 09:42 am UTC| Insights & Views
Since the current account deficit widened to 3.6% of GDP in the year to March 2015, we expect Kiwi dollars to depreciate further from current levels in a short run.The fall in dairy export prices over the past year drove...
Smashing wage growth makes pound-dollar candidate for 1.6 touchdown
Jun 17, 2015 09:23 am UTC| Insights & Views
UK employment report has helped pound push higher against all of its counterpart as inflation remains the last hurdle before a rate hike from bank of England. Higher wage growth is likely to ensure that demand comes back...
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
Why Germany ditched nuclear before coal – and why it won’t go back
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