Saudi Arabia raises selling price as OPEC meet approaches
Jun 04, 2015 13:20 pm UTC| Insights & Views
Saudi Arabia has raised July prices for its benchmark Arab, as OPEC oil ministers are set to meet in Vienna tomorrow. The price was raised for Asian buyers, which indicates that Saudi Arabia might be facing higher...
Rajan embarks on stiff policy moves in future
Jun 04, 2015 13:01 pm UTC| Insights & Views
INR could be fully convertible in next 5 years, Raguram Rajan stated. Indian central bank ponders repo bids fall to 31.75 bln rupees. RBI- FX reserves at US$354 bln Cash balance rises at 3.71 trn rupees. Rajan confirms...
Weaker yen heats up currency war possibility in Asia
Jun 04, 2015 12:23 pm UTC| Insights & Views
Alarm bells are ringing all over Asia this week as yen touched thirteen year low against dollar at 125. Bells are hitting loudest in South Korea another export oriented economy, similar to Japan as Won hit below 9 mark...
Risk reward ratio on shortside attracts trading prospects
Jun 04, 2015 12:18 pm UTC| Insights & Views
Euro erased losses against greenback after the ECB kept the rates on hold.ECB held its benchmark interest rate at 0.05% which is in line with streets expectations.Draghis firm stand on its asset purchase would be a booster...
Cheaper Vega on GBP/USD strangles
Jun 04, 2015 11:51 am UTC| Insights & Views
Todays Bank of England MPC meeting has left rate policy unchanged which was quite expected upfront.Well, the data events for current calendar and market focus is on the US labour market report and the looming series of...
Don’t read too much into Greek stalemate now
Jun 04, 2015 11:45 am UTC| Insights & Views
Greek Prime Minister Mr. Alexis Tsipras, has rejected the final proposal offered to him by European Union president Jean Clause Juncker last night. However that does not mean that Greek deal is not coming. Greek Prime...
Super relaxed Draghi fuelled latest bond market rout
Jun 04, 2015 11:17 am UTC| Insights & Views
European Central Banks president Mario Draghis super relaxed attitude towards higher bond yields and volatility fuelled another set of rout in European bond market especially at longer end of the curve. Key comments from...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight