FxWirePro: Brent futures heading deep tunnel – no surprise if $25/brl mark comes on this way

Jan 12, 2016 10:26 am UTC| Technicals

The technicals for this commodity suggest nothing but sell indications as the price curve, rising volumes and both leading lagging indicators move in tandem with bearish sentiments. Downtrend of this commodity has been...

FX Hedging Strategy Series

FxWirePro: Risk reversal signals how to position EUR/CHF in range bound trend

Jan 12, 2016 09:08 am UTC| Technicals

The risk reversals with longer expiriesare attractive to position for lower EURCHF with e.g. 1Y 25D risk reversals (see negative 2, tepid vols below historic average) As an alternative to EUR, being short the CHF against...

FX Hedging Strategy Series

FxWirePro: Crude’s correlation with CAD makes OTM vols diverged – USD/CAD Call Ratio Back Spreads to hedge upside risks

Jan 12, 2016 07:49 am UTC| Technicals

In response to the tumble in crude prices the options market shows an interesting disruption, while the correlation between oil and CAD is ultra strong. The New Year series has been subdued for CAD: on the back foot...

FxWirePro: AUD/JPY rejects crucial resistance at 82.620, volumes conformity and leading oscillators signal more bearish potential

Jan 12, 2016 06:56 am UTC| Technicals

The break out of baseline on rising wedge evidences bearish swings to drop below 21DMA, the pair is currently rejected a crucial resistance at around 82.620 levels, it seems unable to breach that level. This APAC pair...

FxWirePro: Strong support for AUD/NZD at 0.0565, weakness only on breaks below, good to long dips

Jan 12, 2016 06:39 am UTC| Technicals

0.0565/75 is a strong support zone for AUD/NZD, the pair has tests this region multiple times and edged higher. We would see weakness only on a decisive break below, test of 1.0496 (Oct 30 lows) then likely. The...

Canadian dollar at 12-1/2 year lows on free fall Oil prices

Jan 12, 2016 06:00 am UTC| Technicals

Loonie was down 0.34% trading at C$1.4241against the greenback, after hitting the intraday low of C$1.4247 - a level last seen in May 2003. Oil prices remain the primary risk for CAD, as both WTI and Brent flirt with...

FxWirePro: EUR/GBP trades a rising channel, to extend consolidation this week before next leg higher

Jan 12, 2016 05:50 am UTC| Technicals

EUR/GBP trades a rising channel, the pair is likely to extend consolidation before it resumes uptrend. A flag pattern is observed on daily charts, RSI strength seen on daily and weekly charts, with scope to run...