What might influence European assets till the referendum?
Jun 29, 2015 11:07 am UTC| Insights & Views
Greek government has called referendum on July 5th, which is next Sunday for the people of the country to decide whether or not to accept the latest proposal on austerity by Euro zone creditors. European assets are likely...

SNB intervention likely to keep Euro-Franc well anchored above parity
Jun 29, 2015 10:23 am UTC| Insights & Views
After Januarys sudden move to remove 1.20 floor, it is difficult to rely on SNB to protect any Euro-Franc level. However SNB intervened in the market today, as Euro was expected to tumble, which would have invariably...
FxWirePro: Cross hedging with naked puts on USD/KRW and shorts on JPY/KRW call
Jun 29, 2015 10:18 am UTC| Insights & Views
This is synthesized recommendation of both fundamental and technical aspects.We had advocated this trade call earlier also; we now continue to recommend holding a USD/KRW put funded by selling a JPY/KRW call.Japanese...
Jun 29, 2015 10:18 am UTC| Insights & Views
Euro zone and Greece face biggest challenge over the next two months as existence of the Euro zone in its original form is in doubt. Over the weekend, possibility of Greece exiting the Euro zone has increased...

PBOC’s weekend action fails to cushion Shanghai rout
Jun 29, 2015 08:10 am UTC| Insights & Views
Peoples Bank of China (PBOC) over the weekend taken steps to provide further relief to debt burden and ailing economy. PBOC this year has been quite aggressive in easing so far this year, however Fridays 7% drop could...
Greece opinion polls interested in creditors’ proposals, Govt. looks tepid; ECB to intervene
Jun 29, 2015 07:53 am UTC| Insights & Views
It has been spotted out that the most latest Greek opinion polls positions to admit to the creditor proposal, but all surveys were conducted before the government recommended a No vote.Greeces PM Tsipras has called for a...

Greek drama takes explosive turn over the weekend
Jun 29, 2015 07:26 am UTC| Insights & Views
Negotiations between Greece and Euro zone lenders have taken dangerous turn over the weekend, which could threaten the very unity and integrity of European Monetary Union (EMU) going forward. After very slow progress over...