
Chinese stocks tumble causes dollar selling pressure
Jul 28, 2015 12:41 pm UTC| Insights & Views
The benchmark Shanghai Composite opened down over 4% today, wavering between losses and gains over the course of the early morning session, as investor sentiment remained unstable in spite of a fresh assurance by Beijing...

Rouble reaches target, further pain might be on card
Jul 28, 2015 12:21 pm UTC| Insights & Views
Rouble bears are pushing the currency lower, as second rout in oil prices clouding the outlook for the oil giant. Rouble has reached all three of our targets (See: Rouble bears prepare to push lower amid FIFA...

FxWirePro: UK GDP fuels cable upswings; hedge with ratio spreads
Jul 28, 2015 11:53 am UTC| Insights & Views
The office for National Statistics released UKs preliminary GDP report that is expanded by 0.7% in the Q2 which is in line with forecasts and economy grew from preceding quarters 0.4%. The pound edged higher against the...

Watch out for views from Gertjan Vlieghe, new BOE MPC member
Jul 28, 2015 11:29 am UTC| Insights & Views Central Banks
UK chancellor George Osborne today announced appointment of Gertjan Vlieghe, a senior economist at Brevan Howard Asset Management and a former director of Deutsche Bank as the next MPC member. He will be replacing David...

Yuan acceptance gets thumbs up from LME, IMF review next
Jul 28, 2015 10:54 am UTC| Insights & Views
London Metal Exchange, the worlds oldest and most significant metals exchange, is now ready to accept the offshore version of the Chinese currency as collateral for trades at its clearing house. This move points at two...

Jul 28, 2015 10:30 am UTC| Insights & Views
On EOD charts of WTI CL1! We had traced out an inverse saucer pattern and call for targets at 47.14. Today it is very well achieved with days low of 46.68 levels. Inverse saucer patterns can prolong for weeks or even...

UK’s service dependent economy at risk of EU referendum
Jul 28, 2015 09:57 am UTC| Insights & Views
Today UK GDP preliminary reading showed UK economy is on its way to another block buster pace of growth in second quarter. GDP increased by 0.7% in the second quarter of 2015. GDP is expected to grow at 2.6% in the second...