FxWirePro: Healthy Swiss trade balance to prop up currency – USD/CHF to extend dips

Oct 20, 2015 12:16 pm UTC| Insights & Views

Switzerland has postede good set of trade balance numbers today, it is increased from previous 2.86B to the current 3.05B to beat the forecasts at 2.51B. The country exported 141.5 tons of gold in September, which is just...

Japan to take time to achieve sustainable trade surplus

Oct 20, 2015 11:13 am UTC| Insights & Views

Japans Ministry of Finance will announce trade data at 2350 GMT on Oct 20th, and analysts expect Japans trade deficit to improve modestly in September. According to a Reuters survey, September exports are seen increasing...

FxWirePro: GBP/USD lower volatility to persist – play with butterfly spreads on low IVs

Oct 20, 2015 11:08 am UTC| Insights & Views

Since the cables implied volatility is still perceived to be the least within next 1w-1m time frame from other major G7 pairs (at around 6-7%), and observe the price range on technical charts. So here comes a multiple leg...

FxWirePro: Don’t jump the guns with GBP/AUD extending gains – bearish patterns confirm dips underway

Oct 20, 2015 06:54 am UTC| Insights & Views

The pair has pretty much responded as per earlier analysis as well and we could see a little bit price bounces in near term as the daily chart suggest some buying interest that would result in some price recoveries but we...

Mixed bag of Hungarian fundamentals to increase probabilities of gradual HUF appreciation

Oct 19, 2015 12:57 pm UTC| Insights & Views

We think NBH would remain on hold at its next policy rate meeting if EUR/HUF remains well above 300. Below this, we expect NBH to cut as deflationary pressures may rise from a stronger HUF and negatively impact terms of...

FxWirePro: Yen to extend gains against G10 majors ahead of better IP and BoJ’s easing season

Oct 19, 2015 11:19 am UTC| Insights & Views

The weakness in Asian manufacturing output is also prominent in Japan. This week the government revised down the latest figures on IP, and it now appears that the drop in Q3 production may meet or exceed the 5.9% decline...

ECB deposit rate cut by year-end cannot be ruled out

Oct 19, 2015 09:44 am UTC| Insights & Views Central Banks

Deflation and rampant unemployment, coupled with dropping manufacturing data signal that the eurozone is not in the best of health. This has significantly raised expectations for additional ECB stimulus, making this weeks...