FxWirePro: NZD IVs spike ahead of RBNZ, sensitivity tool favours OTM put strikes
Apr 26, 2016 06:03 am UTC| Commentary Central Banks
Leveraged accounts remained bullish on commodity currencies, led by the AUD. They raised their net AUD longs by USD0.8bn to USD3.4bn, the highest since Sep 14 (see Figure 10). They also added to their net longs in NZD, by...
Apr 26, 2016 05:22 am UTC| Commentary Technicals
NZDUSD has formed 3 black crows candlestick pattern at peaks of intermediate trend, which is bearish in nature. As a result of the formation of this bearish pattern, current prices have slid below DMAs. If the Fed...
FxWirePro: AUD/USD calendar spread setup to bridge gap between call premiums and IVs
Apr 25, 2016 11:45 am UTC| Technicals
Before we begin, lets glance over something called implied volatility, we consider 1W IVs of 12.95% at spot FX 0.7718 levels and 12.45% for 1M tenors. ATM call premiums are trading 22.88% more than Net Present Value of...
Apr 25, 2016 07:44 am UTC| Insights & Views
Among the three EM currencies, MXN performed the best with a net buy of USD0.9bn by leveraged funds to take the overall position to a net long of USD0.1bn, the first time of MXN long since November 2015. Leveraged funds...
FxWirePro: Another reason to stay hedged in USD payables this week
Apr 25, 2016 06:57 am UTC| Commentary
Leveraged accounts remained bullish on commodity currencies, these funds further reduced their long USD positions in the week ended 19 April, by USD0.3bn to take it to only USD0.5bn, the least since July 2014 (refer...
FxWirePro: Time again for AUD/NZD “Credit Call Spreads” ahead of RBNZ policy
Apr 25, 2016 06:26 am UTC| Insights & Views
We expect the RBA to remain on hold in next weeks monetary policy decision, but the RBNZ may ease again this week either on April 27th or June, particularly the rising NZDbring an April cut into play. If not in April,...
Apr 22, 2016 14:44 pm UTC| Technicals
The pair seems to be in healthy bull run, especially after clearing minor resistance at 1.3903 levels. Current prices have bounced above DMA curves on daily charts, and for now targeting to hit 1.4143 resistance...