FX Hedging Strategy Series

FxWirePro: USD/JPY call backspread derives maximum yields - unload weights

Nov 09, 2015 07:32 am UTC| Technicals

At the money calls seems costlier which divulges the market sentiments for USD/JPY pair (NPV of 1w ATM 50% delta call is 43703.88 while premiums trading above 23.93% at JPY 54162.77 for lot size 100,000 units). From the...

FxWirePro: AUD/NZD breaks below 200 DMA, 1.0697 next bear target

Nov 09, 2015 07:24 am UTC| Technicals

AUD/NZD was unable to close above 1.0821 which is 38.2% Fibo of Sep/Nov fall in the previous week. Daily Stochs have turned bearish from overbought levels, RSI is also biased lower. 200 DMA at 1.0763 is pivotal for a...

FxWirePro: USD/CAD trades above major resistance 1.3280, good to buy at dips

Nov 09, 2015 07:13 am UTC| Technicals

Lonnie breaks major resistance 1.3280 and jumped till 1.3317. Short term weakness can be seen only below 1.3200 holds. Any break below 1.3200 will drag the pair down till 1.3140/1.3050. Overall weakness only below...

FxWirePro: BTC/USD struggles to close above $400, good to sell on rallies

Nov 09, 2015 06:48 am UTC| Technicals Digital Currency

BTC/USD has retreated till $353 on Friday after making a high of $502 and currently trading around $367. The pair is struggling to close above $400. On the downside major support is around $354 and any break...

FxWirePro: GBP/AUD consolidates in narrow range, good to sell on rallies

Nov 09, 2015 06:05 am UTC| Technicals

GBP/AUD has made a low of 2.1130and recovered from that level. Overall trend is still weak as long as resistance 2.175 holds. Pound sterling is expected to trade weaker as BOE to remain hold for some time awaits UK...

FX Hedging Strategy Series

FxWirePro: Short EUR/JPY via debit spreads and backspreads for aggressive bears

Nov 09, 2015 06:01 am UTC| Technicals

The current spot FX is trading at 132.740, our earlier targets achieved at 133.372, for now we expect dips extending up to 131.025 levels in near terms. It is understood that bearish momentum is bolstering as we saw...

FxWirePro: GBP/JPY recovers after making a low of 184.30, good to buy at dips

Nov 09, 2015 05:28 am UTC| Technicals

GBP/JPY has recovered after making a low of 184. term trend is still bullish as long as 184.30 holds. Any break below 184.30 will drag the pair till 183.90/183.40. The pairs minor support is around 185.70 and...