Jul 08, 2015 14:35 pm UTC| Insights & Views
Greek Prime Minister Alexis Tsipras has sent a formal letter to European Stability Mechanism (ESM), which is a 500 billion fund asking a third bailout for Greece. Key highlights from the letter - Greece has asked for...

Bloomberg commodity index hit lowest since 2001
Jul 08, 2015 12:47 pm UTC| Insights & Views
Global commodity prices have been hit hard over China, where government and regulators have so far failed to prevent melt down. Chinas benchmark stock market CSI300 dipped by another -5.9% today as all measures taken so...
INR and Nifty seem shrugging off Greece and Chinese adverse impacts
Jul 08, 2015 12:39 pm UTC| Insights & Views
The Chinese government is trying hard to stabilize the stock market, but so far to little effect: earlyon Wednesdaythe Shanghai Composite dropped another 8% or so, but then drifted higher. As one of the key measures,...
Latin American Outlook: Trade Exotic Binaries
Jul 08, 2015 12:24 pm UTC| Insights & Views
Brazils inflation likely breached 9.0% yoy (0.9% MoM) in June the highest level since 2003.Chilean economic growth likely stalled in May which consequently should add downside risks to our Q2 2015 forecast.In a recent...

Iron ore rout leaves Aussie on weak footing
Jul 08, 2015 12:10 pm UTC| Insights & Views
Chinese stock melt down is causing massive headwinds for commodities across globe, which in turn likely to add downside pressure to commodity currencies. Benchmark iron ore (62% content), which is major ingredient for...
FxWirePro: Writing WTI crude strangle yields speculation opportunity
Jul 08, 2015 11:34 am UTC| Insights & Views
Crude Oil Option Derivative Radar: WTI crudeMarket surges 5-10%, traders mint money, Market crashes bears make handsome money, But what during sideway trends. Thats the beauty of derivative strategies and swing trading.We...

WTI crude: Trend line breach confirmed with doji and gap down candle; fails to form harami
Jul 08, 2015 11:19 am UTC| Insights & Views
Our recent target achieved at below US$55 a barrel!! Aftermaths of long lasting Greece turmoil, lingering dollar strength and the dramas of crude inventory levels in Western Texas Intermediate oil mines have managed to...