FxWirePro: NZD/CAD forms triple top, breaks support at 0.9238 – Short rallies via option tunnels
Jul 06, 2016 05:36 am UTC| Technicals
After the pair breaks below support at 0.9238, the current prices well below DMAs, 21DMA crosses-over 7DMA. Major resistance is now seen at 0.9265 (21DMA). Earlier, the pair has bounced up to 0.9307 levels (upper BB)...
FxWirePro: The process of G10 FX option portfolio construction gauging OTC positions
Jul 05, 2016 13:03 pm UTC| Insights & Views
The nutshell evidencing IVs and risk reversals are for G10 currency space and they have the different nature of the maturity and currency risks make it possible to design a portfolio construction process in two...
Jul 05, 2016 12:44 pm UTC| Insights & Views
We do not expect to see another episode of strong and fast US dollar strengthening against the majors, at least this year, and instead, believe that the dollar should find some support around recent levels. A more...
Jul 05, 2016 11:59 am UTC| Insights & Views
Mexican Peso: In recent days the MXN has started to play catch up to oil and the EM currency rally. Possibly US political risks are affecting the MXN, and if this is the case then the MXN could underperform the rest of EM...
Jul 05, 2016 08:48 am UTC| Insights & Views
NOK: Norwegian interest rates are very closely correlated to oil prices, so the FX/rates link implicitly embeds the sensitivity to the commodity complex as a core driver. Not only is the NOK lagging the oil bounce and...
FxWirePro: Stay hedged or arbitraged in WTI crude ahead of economic concerns and API guesstimates
Jul 05, 2016 08:18 am UTC| Technicals Insights & Views
Technically, both daily and weekly charts suggest sell indications as there RSI signaling downward convergence with the slumping prices (currently RSI 14 trending at around 60 levels), while %D crossover sustains on slow...
Jul 04, 2016 12:51 pm UTC| Insights & Views
In H2 2016, we would see a cease-fire in the currency war. In H1 2014 a pause in monetary policy activism caused a collapse in FX volatility. Expect FX implied vols likely to catch up with the downside in the underlying...