May 18, 2016 11:42 am UTC| Technicals
At spot FX flashes of EURUSD at 1.4525 please be informed that the delta risk reversal for contracts of 1W and 1M expiries have shown reducing bearish sentiments, but in long term (3M-1Y) put contracts are still on higher...
FxWirePro: WTI’s progressive D/S equation - Hedge upside risks via 3-way straddle versus OTM puts
May 18, 2016 11:20 am UTC| Research & Analysis
Global crude prices have been easing from last week. WTI crude futures for June delivery on the NYME dipped 11 cents, or 0.23%, to trade at $48.20 a barrel by 07:55GMT. Crude prices held near the prior sessions 7-month...
FxWirePro: WTI crude halts at 7 months highs – sustenance above brings in new bullish environment
May 18, 2016 09:53 am UTC| Technicals
Weve been seeing WTI crude oil prices showing up considerable intensity in buying interests especially after the formation of dragonfly doji on monthly charts. We see bulls gaining momentum in rising channel...
FxWirePro: Tepid Chinese economic numbers still favour USD/CNH forwards to flash higher
May 18, 2016 09:12 am UTC| Commentary
Weakness in Chinese data over the weekend (IP, retail sales, and fixed asset investment all disappointed) could fan investor concerns about the authorities ability to sustainably revive economic growth. Although,...
May 18, 2016 07:08 am UTC| Research & Analysis
Markets are focused on the FOMC minutes and US labor market prints. A weak headline jobs print, with soft wage growth will reinforce the weaker USD trend of late. Yesterday, we saw mixed bag numbers in manufacturing...
FxWirePro: Reiteration of staying short in NZD/USD as bears manage to break channel support
May 18, 2016 06:37 am UTC| Technicals
We advised shorts upon breach of channel support on 6th of this month, it has also managed to break below rising channel support earlier last week. Since then, bears have shown their effects after breaching below, price...
FxWirePro: Hedge renewed AUD weakness upon risks of RBA’s easing cycle
May 17, 2016 13:50 pm UTC| Research & Analysis Central Banks
The RBA doesnt seem to have finished cutting interest rates, and markets should refocus on China woes in H2. AUD/USD is lagging the dovish pricing of rates, the technical picture shows vulnerability and long positioning is...