Apr 17, 2020 13:09 pm UTC| Research & Analysis Central Banks Insights & Views
USDTRY has been edging ever closer to the 7.00 mark as predicted in our recent post despite the central bank combatting the trend using indirect FX interventions. CBTs own FX reserves have fallen to a low c.$27bn in net...
FxWirePro: Daily Commodity Tracker - 17th April, 2020
Apr 17, 2020 13:01 pm UTC| Technicals Research & Analysis
Daily Commodity Tracker (13:00 GMT) WTI (US OIL): Major and Minor trend - Strongly bearish Oscillators: Oversold (bias lower) Bollinger Bands: Volatility Rising on Daily, Weekly and Monthly charts Intraday High/Low:...
Cryptocurrency Derivatives Series: Bitcoin Technicals, Options Analytics And Hedging Strategy
Apr 17, 2020 11:58 am UTC| Research & Analysis Digital Currency Insights & Views
Bitcoin price has bounced back again from the lows of $6,456 levels to the recent highs of $7,217 levels. Technically,BTCUSD(at Coinbase) has formed hammer pattern candle at $6,658 levels (refer 1stchart). This...
Apr 17, 2020 11:33 am UTC| Research & Analysis Insights & Views
The British government remains stubborn and does not want to extend the transition period beyond the end of the year despite the corona crisis and an appeal from the IMF. For the time being Sterling traders remain relaxed...
FxWirePro: Copper grinds higher along 21-EMA support, eyes 55-EMA at 2.395
Apr 17, 2020 10:34 am UTC| Technicals Research & Analysis
Copper chart - Trading View Copper grinds higher along 21-EMA support, scope for further upside. The pair was trading 1.22% higher on the day at 2.336 at around 10:25 GMT after closing 0.44% higher in the previous...
FxWirePro: AUD/CHF struggles to extend bounce off 200H MA, finds stiff resistance at 55-EMA
Apr 17, 2020 10:19 am UTC| Technicals Research & Analysis
AUD/CHF chart - Trading View AUD/CHF was trading 0.13% higher on the day at 0.6148 at around 10:15 GMT after closing 0.75% higher in the previous session. The pair has gained 16% from 2020 lows at 0.5341 and is...
FxWirePro: Is Sterling Disregarding Stimulus From BoE And UK Govt? Reactivation of GBP/USD Shorts
Apr 17, 2020 08:56 am UTC| Research & Analysis Central Banks Economy Insights & Views
Short GBPUSD is the preferred candidate to raise our long USD, defensive exposure once again after the rounds of profit-takes of recent weeks. As evident from the above diagram, cable has retraced from its lows more...