FxWirePro: Why to hedge Yen’s recovery from “very undervalued to undervalued” in H2
Jun 22, 2016 12:40 pm UTC| Commentary
The hedging drivers of Yens recovery from very undervalued to undervalued, Brexit premiums likely to add prospects but capital outflows have been a hindrance: The speculators relied on a weaker yen to boost inflation...
Jun 22, 2016 12:12 pm UTC| Central Banks Technicals
The South African economy shrank an annualized 1.2% over Q1 of 2016, compared to a 0.4% growth in the previous quarter and worse than market expectations of 0.1% drop, dragged down by mining and quarrying and transport...
FxWirePro: FX option positioning of USD/TRY on Brexit win scenario
Jun 22, 2016 10:33 am UTC| Research & Analysis
The campaign surrounding the EU referendum is on the home straight. In less than 24 hours, the polling stations will open and the British electorate will start to decide on the membership of Great Britain in the...
FxWirePro: FX option positioning of USD/TRY on Bremain win scenario
Jun 22, 2016 10:20 am UTC| Commentary
A win by the Remain campaign in the tomorrows UK referendum would likely lead to outperformance in emerging market assets, including TRY, and produce lower USDTRY volatility, thereby causing this trade to...
FxWirePro: Hedge NZD/USD via 3 way straddles versus put over RBNZ and Fed uncertainties
Jun 22, 2016 09:39 am UTC| Research & Analysis
New Zealands upbeat GDP reduces prospects of OCR cut, so as US CPI for Fed hikes. NZ produced the upbeat GDP QoQ numbers last week, actual 0.7% versus forecasts at 0.5%. On the flip side, Feds deferral on rate hiking...
Jun 21, 2016 13:22 pm UTC| Research & Analysis
Short the extreme EUR/JPY skews as shown in the diagram. The next two months would observe numerous developments, including notably the UK referendum outcome. Expression: The EUR/JPY 2m risk reversal is trading at...
Jun 21, 2016 12:55 pm UTC| Technicals
On weekly plotting, Bullish engulfing is traced out at 0.9524 levelthat is exactly at supports of 0.9511 levels. Currently, the RSI oscillator is in a clear convergence to the on-going rising prices on both daily as...