FxWirePro: A glimpse on hedging scenario as 3M Cable IVs spiking higher ahead of Briferendum
Mar 24, 2016 13:57 pm UTC| Technicals
Risk reversals: Demand for GBP puts/USD calls have spiked on fears of UK exit from the EU. The likelihood of the significant brexit will likely keep pressure on the UK currency through the foreseeable future, while key...
Mar 24, 2016 13:15 pm UTC| Technicals
Medium Term Try Hedging Drivers: As crude sensing strength at current WTI prices at $40 a barel, a potential higher oil prices would put renewed pressure on the current account. Uncertainty about Turkish cross-border...
FxWirePro: Hedge USD/BRL FX risks as inflationary risk soars
Mar 24, 2016 11:29 am UTC| Technicals
The Brazilian inflation figures for the first fortnight of March has printed at 0.43%, where food and administered prices have continued to lose steam taking the IPCA-15 down in the first half of March. Consumer prices...
Mar 24, 2016 11:14 am UTC| Insights & Views
The GDP in Russia contracted 0.57% in the Q3 2015 over the previous quarter. The Russian economy shrank 2.5% YoY in January of 2016, following a 3.5% drop in the previous month. Russian Finance Minister Anton Siluanov said...
Mar 24, 2016 08:36 am UTC| Technicals
Technical glimpse: The pair has been tepid but slightly bearish bias from last couple of months (see monthly charts). On daily charts, one can see prices can go either way upon make or break of 0.9776 on a closing...
Mar 24, 2016 08:01 am UTC| Technicals
The pair is facing a stiff resistance at 0.9776, break-out above may see upside potential upto 0.9832. It has taken supports at 0.9744 levels (7EMA on 4H). Stochastic is boiling up with overbought pressures. We...
Mar 24, 2016 07:16 am UTC| Technicals
As the delta risk reversals of this pair indicates bearish neutral sentiments in FX OTC markets as there is no hedging interest seen in near terms (see for 1W expiries) but this has again shown in favour of bearish...