Oscillators signals weakness in Aussie dollar; deploy binary puts & bear spreads
Jun 26, 2015 11:02 am UTC| Insights & Views
On daily charts of AUD/USD, RSI (14) evidences a falling price convergence at 43.8394; downward momentum has been observed from last a week or so.Hanging man pattern candlestick occurred two days ago followed by long real...
Greek situation pose challenges for TARGET 2 payment system
Jun 26, 2015 10:33 am UTC| Insights & Views
TARGET 2 is large value payment system which is an interbank payment system for the real time processing of cross border transfers throughout European Union. TARGET 2 is a real time gross settlement system. Target 2...
1M USD/MXN funding valuation adjustment spreads fairly priced in
Jun 26, 2015 10:21 am UTC| Insights & Views
1M vol swap vs. 1M1M FVA packages are currently well priced in BRL and MXN.Not only is the net vol carry on offer meaningful, but also risk-reward looks highly asymmetric in the desired direction.Internally, FVA plays an...
Euro bulls seem edgy; put back spreads bid speculation opportunities
Jun 26, 2015 10:16 am UTC| Insights & Views
Datawise, the calendar remains exceptionally light today with euro zone money supply data and the final read of US consumer sentiment for June from the University of Michigan.Euro zone money growth is likely to have...
Jun 26, 2015 09:32 am UTC| Insights & Views
As of now it seems like that the Greek drama will continue till the very end which as of now stands as June 30th, when Greece needs to pay back IMF around 1.6 billion. On that very same day extension of the bailout by...
Chinese stock dragon retreats big time
Jun 26, 2015 08:23 am UTC| Insights & Views
Chinese stock market is retreating faster than expected. Chinas benchmark stock index is currently trading at 4192, down from 5174 made this month. Today Shanghai composite dropped about 7.4% in closing at one point...
Unemployment rate projections probably stimulate Mexican economy
Jun 26, 2015 08:04 am UTC| Insights & Views
Unemployment rate may be modest in May after max out in July 2014, the unemployment rate declined to 3.76% in December as labour force growth slowed in line with employment growth, and it then fluctuated between 4.51% in...
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