FxWirePro: CAD/JPY trades in narrow range, good to sell on rallies

Dec 07, 2015 12:39 pm UTC| Technicals

CAD/JPY has retreated after making a high of 92.38 on Friday. It is currently trading around 91.88. Short term trend is still weak as long as resistance 92.80 holds. Any break above 92.80 will take the pair to next...

FxWirePro: NZD/USD yet to factor RBNZ rate cut, Kiwi dollar seems weaker again

Dec 07, 2015 12:08 pm UTC| Technicals

We recommend a short NZDUSD trade as the pair going into the RBNZ meeting on 9 December 2015, the RBNZ is likely to deliver a 25bp cut. The market is hardly priced in upon a probability of a 25bp rate cut. We think the...

Currency War Series

BoE to stay pat at Thursday's meet, scope for some macroprudential considerations

Dec 07, 2015 11:39 am UTC| Commentary Central Banks Technicals

The BOE has held off raising rates for a long time now. The last MPC meeting made it evident that a strong GBP was a larger concern for the BoE than previously perceived. After the ECB disappointed the market significantly...

FX Hedging Strategy Series

FxWirePro: No surprise on crude’s tumble to 39 trajectories, OPEC leads to price war ahead – stay hedged with 3:2 spreads

Dec 07, 2015 11:11 am UTC| Technicals

Crude oil for January month delivery on the NYMX slumped 51 cents (i.e. 1.26%), to trade at $39.47 a barrel during European morning hours. The 12-member group produced approximately 31.5 million barrels per day last...

Watch USD/CHF at 1.0030 for further bullishness

Dec 07, 2015 10:53 am UTC| Technicals

Major resistance - 1.003 (55 day H EMA) The pair has made a high of 1.00317 and declined till 0.99500 level. Intraday trend is bullish as long as support 0.9950 holds. On the higher side any break above 1.0030...

FxWirePro: GBP/JPY outlook – downside risk-reward very attractive

Dec 07, 2015 10:53 am UTC| Technicals

As Pound snaps back from downward sloping channel floor against Dollar, it has been trying to snap back similar loss against Yen. Fundamentally speaking, Bank of Japan (BOJ), even if doesnt increase its stimulus is...

FxWirePro: Daily cloud limits EUR/JPY bulls, pair could test 132.13

Dec 07, 2015 10:05 am UTC| Technicals

EUR/JPY gains post ECB last week was halted by the daily cloud, the pair has hit lows of 133.44 on the day, after rejection at cloud base by 134.12 There is good scope for a drop back to converged tenkan kijun lines...