Aug 30, 2016 11:51 am UTC| Central Banks Commentary
After a brief jump in GBPUSD above trend resistance at 1.3215, but could not sustain the highs of 1.3279 (pre-Yellen), we have seen a sharp reversal in Cable with the pair now consolidating back in the channel spanning...
FxWirePro: USD/TWD 3m NDFs appear attractive on hedge terms in lieu of speculating
Aug 30, 2016 09:52 am UTC| Commentary
This EM pair has been rising from last 3-4 consecutive weeks, approximately about 2.32%. Fundamentally, yes we admit that there could be a scope for this pair to recover and bounce back. The long in USDTWD appears to be...
Aug 30, 2016 09:16 am UTC| Central Banks Commentary
After having risen sharply to 24.8459 around end-June because of the Brexit vote, USDCZK has slipped all the way back towards its 23.7740 floor over the past two months. Meanwhile, CNB has refrained from extending the...
Mexico makes billion dollar move to hedge oil price decline
Aug 30, 2016 08:54 am UTC| Commentary
Mexico, which has been suffering as a result of lower oil price since 2015, has now taken up a concrete step to protect the economy, mainly the oil revenue from further downside. Both the global benchmarks, Brent and the...
FxWirePro: “Diagonal put ladders” to hedge AUD/USD slumps and other detrimental fundamental forces
Aug 30, 2016 07:32 am UTC| Commentary
The international focus remains on Fed hike probabilities, with the release of US labour market dataon Fridaybeing a potentially critical determinant. Any hawkish comments which could be a detrimental effect on the pairs...
Aug 30, 2016 06:47 am UTC| Technicals
Despite yesterdays price jump and attempts of upswings during early trade sessions todaybears resume near 7DMA pushing southwards. So, we urge not to get overestimated for dramatic spikes. The failure swings at major...
Aug 29, 2016 13:33 pm UTC| Commentary
This week, the flurry of economic data has surrounded USDCAD pair. Canadian GDP on Wednesday, consensus 0.5% and previous -0.6%. Canadian trade balance on Friday, consensus -3.2B and previous -3.6B. Canadian...