Aussie dollar edgy on RBA’s lackluster comments
Jun 16, 2015 11:58 am UTC| Insights & Views
The RBA seems to be slightly constructive on trades with China; the rhetoric on the exchange rate if Aussie dollar was similar, with emphasis that it needs to be lower for a "sustained period".There was further discussion...
Surge in dollar likely to impact US current account adversely
Jun 16, 2015 10:51 am UTC| Insights & Views
The mining sectors contraction and the stronger US dollar factored in the fall of 0.2% in US industrial production for May month.The bright note was NAHB homebuilder sentiment, which rose to 59 matching Septembers...
No legal hurdles for ECB’s OMT anymore
Jun 16, 2015 10:38 am UTC| Insights & Views
Today final hurdle for European Central Banks controversial government bond buying got cleared by European court of justice. According to the courts decision European Central Banks (ECB) buying of government securities...
UK deflation short lived but disinflationary pressure persistent
Jun 16, 2015 09:36 am UTC| Insights & Views
Lot of noises were made and headlines filled after UK moved into deflation as measured by annual change in CPI moved into deflationary zone in April for the first time since sixties. Todays inflationary data indicated UK...
French 10 year yield widens to 15 month high against Germany
Jun 16, 2015 08:55 am UTC| Insights & Views
As legendary bond investor suggested historic opportunity to go short in German bund, we have suggested selling French counterpart and to go long in German French spread. After months of lagging, the expected trade might...
Add longs on EUR/JPY digital calls ahead of +ve Zew index & Japan’s –ve trade balance
Jun 16, 2015 08:35 am UTC| Insights & Views
The EUR/JPY tug of war is clearly smelt ahead of the high impact data indicators are scheduled to be released later during European session.Germans Zew economic sentiment index is lined up 1st that has been forecasted to...
Shorting WTI straddles fetch certain yields; best suitable for current range-bound trend
Jun 16, 2015 08:14 am UTC| Insights & Views
As stated in our previous post also the range bounded trend for this commodity remains intact.We dont think prices to act drastically and evidence huge gap. The price band for this commodity is to remain within 56 on south...
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