Can Australia keep employing its people?
Jun 11, 2015 10:30 am UTC| Insights & Views
Today Australia released unemployment report that showed further improvement took place in May. Full time employment rose by 147,000 and part time employment rose by 273,000, which pushed unemployment rate lower to 6.1%...
Confront NZD/USD’s steep declines with Calendar Spreads
Jun 11, 2015 09:04 am UTC| Insights & Views
Unexpected and inevitably imposed OCR rate cut by RBNZ are adding fuel to bearish momentum on NZD/USD fluctuation.However, near term crucial support is seen at 0.6817 levels if further dips below 0.700 levels on closing...
Risk Bank still likely to reduce rates in spite of inflation comeback
Jun 11, 2015 08:46 am UTC| Insights & Views
Swedish Krona is cheering higher today as report showed that inflation returned in May. However it is too early to say the deflationary pressure have subsided. Prices dropped by -0.2% y/y in April after positive inflation...
Trade through long binary calls but keep tight hedge
Jun 11, 2015 08:14 am UTC| Insights & Views
On a daily technical chart we get a sense of feel that this currency cross is overreacting the recently publicized Australian jobless data.On the flip side, The RBNZ early APAC trading session cut its Official Cash Rate by...
Three weeks to deadline, Greece faces bank run
Jun 11, 2015 07:55 am UTC| Insights & Views
With three weeks to go before deadline looms to make the IMF payment and to reach a deal with European creditors, Greeks are preferring to keep the cash in pocket in case capital restriction need to be imposed on...
Vigorous AU unemployment data causes volatile FX markets
Jun 11, 2015 07:40 am UTC| Insights & Views
Australian jobs increased by 42K in May which is a way beyond forecasts at 12.1K, compared to the previous 13.7K jobs.The above healthy numbers led unemployment rate to 6.0% which is well below forecasts were at 6.2%, the...
GBP/JPY’s downtrend is likely followed by hanging-man formation
Jun 11, 2015 06:57 am UTC| Insights & Views
On daily chart Hanging-man candlestick pattern on GBP/JPYs uptrend rally indicates weakness in this pair to sustain this trend.In addition to this bearish candle pattern, oscillating indicators suggest overbought pressure...
Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects