FxWirePro: XAG/USD not a buy yet; prefer spreads over naked puts
Jun 29, 2015 12:05 pm UTC| Insights & Views
The silver commodity has been flowing in the downtrend since mid May.What could propel the prices of this precious metal is that in the event of unsteadiness in equities and fixed income instruments buying interest could...
North American session becomes crucial as Euro closes gap
Jun 29, 2015 12:02 pm UTC| Insights & Views
Todays North American session becomes extremely vital not only for stock markets but especially for Euro based pairs as they have closed the gap made at opening in Asia. Euro-Pound - Euro-pound has taken out crucial...
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...
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