Commodities snapshot (precious & industrial)
Jul 02, 2015 14:50 pm UTC| Insights & Views
Metals are down today, as dollar maintained firmness. Performance this week at a glance in chart table - Gold - Gold is down today despite weaker than expected Non-farm. Todays range - $1156-$1169 Gold is currently...
Jul 02, 2015 14:29 pm UTC| Insights & Views
Energy pack is trading in red. Weekly performance at a glance in chart table. Oil (WTI) - WTI got support from weaker non-farm payroll data. Todays range $57.7-56.7 Target for the downside is coming around...
Euro group chair raise the stakes at Sunday’s referendum
Jul 02, 2015 13:53 pm UTC| Insights & Views
Dutch finance minister and Euro group chair, Jeroen Dijsselbloem has taken hard stance over Greek referendum on next Sunday. Speaking to parliamentary committee if the outcome of Sundays referendum is no, Greece will have...
With resignations looing, Tsipras team likely to camp tough in favor of NO
Jul 02, 2015 13:28 pm UTC| Insights & Views
Greek finance minister Yanis Varoufakis said that he would resign if people choose Yes to accept the lenders proposals. Mr. Varoufakis went as far as saying that he would cut off his arm before signing the accord. Greek...
FxWirePro: Trade US NFP using USD/CAD covered straddles
Jul 02, 2015 12:57 pm UTC| Insights & Views
Todays US key data (Unemployment claims) release for June has been flashed at 5.3% which is almost in line with streets expectation at 5.4% but little poor. But we reckon this as not a drastic market mover for loonie as...
Copper seems ready to fall further
Jul 02, 2015 12:21 pm UTC| Insights & Views
Copper is likely to drop further as supply demand remains dismal in the market. Copper is currently trading at $2.62/pound. A drop towards $2.4 area seems very likely as of now. Technically speaking copper bounces from...
Poll says no to creditors’ proposals
Jul 02, 2015 11:51 am UTC| Insights & Views
Out of the blue, July 5th turned out to be the most important day for Euro zone as well as European Union as Greeks will be voting to whether or not accept creditors proposal. The voting may be on proposals, however...
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’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects