FxWirePro: EURO rates strategy ahead ECB’s meeting
Apr 20, 2016 14:49 pm UTC| Commentary
Euros strength considerably EUR/USD has appreciated by almost 1.13% since last Thursday. In view of general USD weakness and in view of general risk-on sentiment on the FX market that is not a move that would require...
Apr 20, 2016 13:37 pm UTC| Commentary
Risk reversals: Demand for GBP puts/USD calls have been consistently growing on fears of UK exit from the EU. The likelihood of the significant brexit will likely keep adding pressures on the UK currency day by day...
FxWirePro: Should we see Sterling further breakdown – FX swaps strategies
Apr 20, 2016 11:32 am UTC| Technicals Commentary
Weve shifted back to the top of the recent range as UKs claimant count change and unemployment data announced today, Change in the number of people claiming unemployment remained at 6.7K -related benefits during the...
FxWirePro: Right time to deploy shorts in GBP/AUD PRBS for long term hedging
Apr 20, 2016 10:14 am UTC| Technicals
Technically, we kept urging for GBPAUDs weakness ever since the formation of gravestone doji and hanging man patterns in last September and November, now almost within 1-months time frame, it has shown declines of 0.37%...
Apr 20, 2016 06:43 am UTC| Commentary Central Banks
The BoJs negative rate policy was the right decision, as without the move JPY could be much stronger. Ms Masai, as a new BOJ board member comments on strong concerns over the recent JPY appreciation and its impact on the...
Apr 20, 2016 06:10 am UTC| Technicals
The recent bounces above 7DMA have now faced a stiff resistances at 157.178 (21DMA) and near upper trend line. Daily price slid below trend-line and 21DMA and the buying momentum is suspected from here onwards as RSI ...
FxWirePro: What if we choose OTM instruments in EURGBP FX option strips?
Apr 19, 2016 14:36 pm UTC| Commentary
For demonstration we consider the EURGBP OTM instruments while formulating option strips strategy. Scenario 1: What if underlying moves down: The puts we deploy were not very far off from the ATM strike and cheap...