FxWirePro: Cable's another breach of support at 1.4155 (at 7-year lows), no trace of buying as both leading and lagging indicators favor bears

Feb 23, 2016 08:17 am UTC| Insights & Views

After breaking recent supports at 1.4343 and 1.4229, it has broken 1.4155 yesterday on a closing basis and bears are taking over these loses further.In between this process, 21DMA has just crossed over 7DMA on daily time...

FxWirePro: Buy EUR/JPY risk reversals, capitalize on upswings via debit spreads for hedging as IVs spiking higher – PRBS for aggressive bears

Feb 23, 2016 06:53 am UTC| Insights & Views

Please be noted as to how the delta risk reversal numbers are getting higher negative values gradually in a long run (flashing at negative -3.05 for 1 year expiries) which is highest among G10 currency space.ATM implied...

FxWirePro: EUR/JPY breaks channel line support to reach 3 years lows - drag upto 120.403 is on cards

Feb 23, 2016 05:51 am UTC| Insights & Views

After clearing significant supports at 127.619 and 126.101, yesterday the pair has broken channel support at 124.466 and now continuing with yesterdays losses at current levels of 124.011 which is 3-years lows. we dont...

Briferendum Series

Boris delivers Brexit body blow for sterling, but long term picture is murkier

Feb 23, 2016 01:01 am UTC| Insights & Views Economy

Most prospective prime ministers would be mildly embarrassed if a boost to their chances made financial markets plunge. But Boris Johnson is doubtless gratified that his backing for Brexit led to the pounds biggest one-day...

National Australia Bank – 30 years of strategy failure

Feb 23, 2016 00:57 am UTC| Insights & Views Central Banks

In its first quarter results this month, the National Australia Bank (NAB), breathed a sigh of relief announcing that the separation of Clydesdale had been successful with an expected loss of approximately A$4.2 billion....

Gap between rich and poor extends to views on retirement age: poll

Feb 23, 2016 00:36 am UTC| Insights & Views

Only a minority of Australians favour current policy settings to increase the Age Pension age, according to the recently released ANU poll on ageing and money. Across the population only 15% of those polled in October...

Briferendum Series

Thatcher's revenge? The Tories finally get to go to war over Europe

Feb 22, 2016 16:23 pm UTC| Insights & Views

After the announcement from several key figures that they will campaign for the UK to leave the EU despite the governments formal position to stay in, the Conservative Party is in turmoil. But this dispute is not about...