Antipodeans vulnerable to further depreciation
Sep 23, 2015 10:31 am UTC| Insights & Views
China is the largest trading partner for Australia and New Zealand, commodity exports make up a very large proportion of their GDP. As China rebalances its economy to shift into a consumption driven model, it is going to...
French Composite PMI surprises to upside – not so encouraging at detailed level
Sep 23, 2015 09:45 am UTC| Insights & Views
Investors have focused onto initial PMI report as slowdown in global growth has been haunting the markets since last week as US Federal Reserve stayed away from a rate hike over global concerns. Todays PMI report was a...
Oil in global economy series – top shale oil reserves in the world and impact
Sep 23, 2015 08:46 am UTC| Insights & Views
Shale oil production has changed the scenario of not only supply and demand but global oil politics and its bargaining power. Historically speaking, Middle East or OPEC traditionally has remained stronghold of global...
China Caixin PMI points to early stimulus from Chinese government other than weakness
Sep 23, 2015 06:49 am UTC| Insights & Views
China Caixin PMI flash reading started off a fresh round of panic selling in Asian market as headline PMI slowed to 47, lowest level in 78 months. Output dropped similar to 45.7 in September, again 78 months low. One...
FxWirePro: Expect further GBP/JPY slumps upon hanging man formation, PRBS arrests downside risks
Sep 23, 2015 06:43 am UTC| Insights & Views
On monthly chart, the formation of hanging man pattern candle on peaks of uptrend at around 193.456 levels. This hanging man followed by two long real body red candles would reveal a medium term downtrend direction.It is...
FxWirePro: False break in EUR/GBP might lead to test of channel ceiling – calls updated
Sep 23, 2015 05:57 am UTC| Insights & Views
Just two days back, we recommended going short in Euro against Pound as it has broken and closed below channel floor. However, that trade couldnt find much of a follow through due to heavy weakness in Pound. Euro is...
Guide to today’s important data and events
Sep 23, 2015 05:22 am UTC| Insights & Views
Lot of economic dockets to be released today and some with high risks associated. Data released so far - Australia - Conference board leading indicator for July rose by 0.3% after -0.3% drop in June. China - Flash...
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
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects