FxWirePro: EUR/USD runs out of steam but maintains bullish outlook

Feb 05, 2016 17:28 pm UTC| Technicals

The EUR/USD pair halted its rise on Friday as US dollar strengthened across the board after data showed a pickup in US wages in January. The pair initially rose towards 1.1250 levels, before slipping back towards 1.1130...

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FxWirePro: EUR/GBP spikes capitalizing on Brexit risks, technicals, risk reversals favor signal upside risks, hedge payable exposure with CRBS

Feb 05, 2016 14:19 pm UTC| Technicals

Our central scenario is that the UK will remain in the EU. Risks of Brexit, however, have increased; the associated transitional costs of Brexit look high. In FX space, our end-of year forecasts have a sharp H2 recovery...

FxWirePro: GBP/USD breaks support at 1.4510 levels, good to sell on rallies

Feb 05, 2016 14:10 pm UTC| Technicals

GBP/USD rebounded strongly towards 1.4586 after the release of US jobs data but, the pair turned back in quick succession and broke support level at 1.4510, as the pound ran out of strength against US dollar. The pair has...

CAD supported above 1.37 mark, Economic data from US as well as Canada in focus

Feb 05, 2016 12:23 pm UTC| Technicals

Intraday bias remains Neutral for the moment. On the top side, a break of 1.3797 levels will confirm the trend reversal and may drag the pair again around 1.40 marks. On the other side, if pair falls below 1.3639...

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FxWirePro: EUR/CHF still offers speculating opportunity in writing strangles but debit call spreads for hedgers

Feb 05, 2016 12:18 pm UTC| Technicals

Inflation race: The long-term path for EUR/CHF will be determined by who sees inflation first: Switzerland or the Euro area. Our guess would be the Euro area (though neither looks likely to see strong inflation any time...

Gold breaks major trend line resistance at $1142, jump till $1200 is possible

Feb 05, 2016 11:50 am UTC| Technicals

Major resistance -$1142 (trend line joining $1307 and $1191) Major support - $1130 (200 day MA) Gold has broken major trend line resistance $1142 and this confirms major trend reversal , a jump till $1200 is...

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FxWirePro: GBP baffles in OTC on Brexit speculations, which one would you rely upon IVs or risk reversals?

Feb 05, 2016 11:00 am UTC| Technicals

GBP vols ahead of UK Brexit risk: suspicious but not panicky The eruption of Brexit threats on the GBP vol scene can be traced in delta risk reversals. Way back in October and November even though 3M ATM IVs were tepid but...