Oct 17, 2016 12:00 pm UTC| Research & Analysis
Sterling bearish pressure still remains intact and has fallen more than 15% so far in trade-weighted terms since 23rd June. A raft of UK data releases later this week, including CPI, labor market statistics and retail...
Oct 17, 2016 11:10 am UTC| Commentary
Euro dropped about 2.93%, from the last months highs of 1.1327 to the current 1.0995 levels. Longer term, security and political risks should weigh on the euro going forward: the Italian senate reform referendum this...
Oct 17, 2016 07:58 am UTC| Central Banks Commentary
Despite the abrupt upswings in NZDUSD, in short run, we target 0.70, based on an assumption the Fed would hike in Dec and the RBNZ will cut in November. However the persistent backdrop of global demand for high-yielding...
FxWirePro: GDT index, Kiwis CPI and RBNZ November series stimulate NZD vols and forecasts
Oct 17, 2016 07:21 am UTC| Central Banks Commentary
NZDUSD had a good run downwards during the past two weeks and may now be entering a short period of consolidation before resuming the downtrend. The likely range for such a consolidation in 0.7035- 0.7220. Theres...
Oct 14, 2016 13:16 pm UTC| Research & Analysis Commentary
Technically, major support is at $17.24/oz, the location of the 200-day moving average, which if broken on a closing basis could endanger the uptrend. For now, the next roughly year-and-one-half, we believe silver will...
FxWirePro: Scenario analysis of AUD/CAD covered straddles
Oct 14, 2016 11:45 am UTC| Research & Analysis
At the moment, if you have to observe theintermediate trend of AUDCAD, it seems to be bullish biased but restrained at 1.0134 and long-term trend has been non-directional. The intraday sentiments signal little buying...
Oct 14, 2016 08:32 am UTC| Research & Analysis
Nov/Dec US Elections and Fed calendars dominate the vol landscape until year end, dwarfing NFPs as vol risk events. On the option trade front among EMFX, we recommend positioning longs in USDZAR as the South African...