Apr 15, 2016 08:24 am UTC| Technicals
After testing supports at 0.9788 levels that is at channel resistance, you could see the price bounces. But for now, AUDs strength is tested again at 21DMA like yesterday. So, one has to be cautious at this juncture...
Apr 15, 2016 06:43 am UTC| Commentary
We expect the RBA to remain on hold for some time, but the RBNZ to ease again in either on April 27th or June. Although, AUDNZD is experiencing little weakness for today, we think they are just momentary and these could...
FxWirePro: Striking balance between GBP/CAD hedging drivers, IVs and weights in 3:2 ratio PRBS
Apr 14, 2016 13:20 pm UTC| Commentary
In just last five months, GBPCAD has declined from the highs of 2.0949 to the current 1.8162 levels, (i.e. almost 13.3%). In UK, the central bank maintained an unchanged interest rate at 0.50%, all MPC members...
Apr 14, 2016 11:27 am UTC| Technicals
In last five months, GBPCAD has shown declines from the highs of 2.0949 to the current 1.8185 levels, (i.e. almost 13.19% and a fresh 1-year lows). The pair has consistently been below 21DMA ever since mid of last...
FxWirePro: Hedge GBP/CAD as sterling likely to weaken against loonie- BoE to maintain status quo
Apr 14, 2016 10:54 am UTC| Commentary
In fact the BoC might have lowered its outlook thus no doubt causing speculation about a further easing of monetary policy. The stronger CAD can easily be explained with the rise of the oil price since the beginning of...
Apr 14, 2016 10:04 am UTC| Technicals
ATM IVs of EURCAD is rising at 13% for 1w expiries, You may probably know that the options prices are usually directly proportionate the corresponding implied volatility. A security with a higher volatility will have...
CAD IVs gain as BoC hints currency strength relies on commodities to maintain rates unchanged
Apr 14, 2016 09:38 am UTC| Commentary
As widely expected, the Bank of Canada kept its key policy interest rate unchanged at 0.5%, while upgrading their growth forecast relative to January forecasts, largely as a result of the 2016Q1 pop in growth. The...