
Mar 02, 2018 06:10 am UTC| Technicals Digital Currency Insights & Views
Bitcoin futures price on CME (BTC1!) for near month deliveries has formed hammer pattern candlestick at $8585 levels, ever since then the underlying price has been rising constantly above 7DMAs (Refer weekly...

Mar 01, 2018 12:44 pm UTC| Research & Analysis Insights & Views
The South African budget data for January that was published yesterday once again confirmed the urgent need to consolidate public finances. The seasonally adjusted data illustrated a budget gap of approx. ZAR 41bn., thus...

FxWirePro: Gold OTC setup – Buzzing delta-hedges seem imminent ahead of Jerome Powell’s testimony
Mar 01, 2018 12:20 pm UTC| Research & Analysis Insights & Views
The yellow metal price would usually be sensitive to moves in both UST rates and USD. The gold prices would be more expensive for holders of foreign currency on robustness of dollar, while a rise in U.S. rates lifts the...

FxWirePro: Intricacies of Euro currency sentiments ahead of Italian politics
Mar 01, 2018 11:02 am UTC| Research & Analysis Insights & Views
At first blush, the currency markets disinterest in the Italian election creates both incentive and opportunity to hedge the tail-risk of a non-mainstream government (refer above charts). After all, the euro is now...

FxWirePro: GBP/JPY OTC outlook and derivatives hedging scenarios
Mar 01, 2018 07:25 am UTC| Research & Analysis Insights & Views
GBPJPY has been extremely weaker at levels of 147. Technically, ever since the occurrence of shootings star and bearish engulfing pattern candles which are bearish in nature, weve been anchoring the bearish stance of is...

Feb 28, 2018 12:41 pm UTC| Research & Analysis Insights & Views
The resignation of President Zuma, a solid 2018 budget, and the expected cabinet reshuffle over the weekend mean ZAR can stay stronger for longer. USDZAR appreciated a further 4.6% since January as the sustained sentiment...

FxWirePro: EUR/USD bullish/bearish scenarios, OTC tools, and hedging perspectives
Feb 28, 2018 12:23 pm UTC| Research & Analysis Insights & Views
Bearish EURUSD scenarios: 1) Eventual repatriation by US corporates-EUR accounts for a third of foreign profits. 2) EUR appreciation delays ECB policy normalization (change in QE guidance delayed until April). 3)...