FX Hedging Strategy Series

FxWirePro: GBP/USD IVs least among G7 – execute butterfly spreads via puts

Nov 27, 2015 11:05 am UTC| Technicals

Yes, cable has cleared all crucial support zones, although bearish trend is on but dont expect steep slumps. Since the cables implied volatility is still perceived to be the least within next 1w-1m time frame from other...

EUR/USD trades below 1.0600, decline below 1.0560/1.0500 is possible

Nov 27, 2015 10:52 am UTC| Technicals

EUR/USD has minor support 1.0600 and declined till 1.05770. Short term trend is weak as long as resistance 1.0640 (34 4H EMA) holds. On the higher side minor resistance is around 1.0606 and 1.0626. The pairs...

FxWirePro: Cable breaks major support after UK GDP data, good to sell on rallies

Nov 27, 2015 10:41 am UTC| Technicals

UK Q3 GDP 2nd release QOQ rose at 0.5% compared to forecast of 0.5% and YOY came at 2.3% compared to forecast of 2.3%. But business investment (2.2% vs. 0.8% exp) and private consumption (0.8% vs 0.7% exp) has...

Watchout for NZD/USD break below 0.6500 for further weakness

Nov 27, 2015 10:21 am UTC| Technicals

NZD/USD has strong support at 0.6500, a level from which the pair has bounced off multiple times since Nov 6th. The pair has dipped below the 100 DMA at 0.6539, Stochs are at neutral but show bearish...

EUR/AUD breaks minor trend line resistance, targets 1.4800

Nov 27, 2015 09:36 am UTC| Technicals

Major trend line resistance - 1.4700 (trend line joining 1.51339 and 1.4832) The pair has broken trend line resistance 1.4700 and is trading around 1.4726. Short term trend is bullish as long as support 1.46500...

FX Hedging Strategy Series

FxWirePro: NZ swap yields creeping in snail’s pace ahead of RBNZ’s easing – NZD/USD debit spreads best serve hedging objectives

Nov 27, 2015 08:47 am UTC| Technicals

NZD fell from 0.6597 to 0.6565 before steadying around 0.6570. The resumption of the US dollar uptrend should weigh on the NZD during the next few months. We target 0.62 by year end. The two main factors expected to...

FxWirePro: NZD/USD shooting star reignites bear run - cover dollar shorts against NZD

Nov 27, 2015 08:38 am UTC| Technicals

The pair has currently making all efforts to break support at 0.6556 today after failing to hold the resistance at 0.6590 by forming shooting star pattern candle yesterday. This pair has struggled at that level quite a...