What Yuan’s devaluation means global FX - why Yen is spread from this?
Aug 25, 2015 13:17 pm UTC| Insights & Views
A weaker CNY against the dollar pooled with the perils of slower Chinese growth would entail a number of relevant consequences for global currency baskets, as reflected by our new forecasts. In a nutshell, we see the...
FxWirePro: EUR/GBP’s slumps likely to resume back again
Aug 25, 2015 12:51 pm UTC| Insights & Views Technicals
Technical Glance and Trade Tips: Weekly technical charts that have shown continuous down-streak have now been back again. This pair had taken a brief pause while a slight recovery took place from 19th August, bounces...
Aug 25, 2015 12:40 pm UTC| Insights & Views
Gold has largely benefitted since China first devalued its currency on August 11th. Gold has reached our anticipated target area of $1150/ troy ounce and beyond to trade as high as $1168/troy ounce, testing key resistance...
Wave of stimulus measures from PBoC in bid to recover economy
Aug 25, 2015 12:16 pm UTC| Insights & Views Central Banks
Peoples Bank of China (PBoC) announced measures today to help the ailing economy to recover. PBoC reduced 1 year lending rates by 25 basis points to 4.6%. 1 year deposit rates were reduced by 25 basis points to...
FxWirePro: Rosy prospects for crude bears - Short WTI crude futures or arbitrage using rallies
Aug 25, 2015 12:08 pm UTC| Insights & Views
The sharp bounces in equity segment in earlier today have provided support a slight recovery in WTI crude futures. But we reckon that with the persistent focus on a global supply glut and now worries about Chinese demand...
FxWirePro: Buy Dollar against Yen targeting 124 area
Aug 25, 2015 11:18 am UTC| Insights & Views
While Yen was the best performer on Massacre Monday, however Yen bids are likely to further disappear going ahead, as global markets recover steadily except China. China today has taken several monetary policy measures,...
FxWirepro: WTI crude price spikes unlikely to sustain - bearish trend remains intact
Aug 25, 2015 11:10 am UTC| Insights & Views
Technical Watch: Dear readers, weve been consistently bearish and been advocating suitable trading calls when the commodity was around 60 levels and youve seen the effects, we would see prevailing price spikes as just a...
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