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FxWirePro: USD/CHF runs out of steam but maintains upward bias

Jan 15, 2016 13:27 pm UTC| Technicals

The USD/CHF pair rallied initially to test minor resistance level at 1.0052 in the mid-European session. However, after failing to break resistance level at 1.0052, the pair has slipped back to test 1.0015 support...

FX Hedging Strategy Series

FxWirePro: Bears capitalize on risk reversals in Yen denominated pairs – gear up with vega ITM shorts in PRBS to hedge EUR/JPY bearish risks

Jan 15, 2016 07:52 am UTC| Technicals

The gradual increase in negative delta risk reversal numbers signify how the FX downside risk management taking place as OTM puts make OTC markets sentiments intensified even though these instruments seem to be expensive...

FX Hedging Strategy Series

FxWirePro: Never buck the EUR/JPY downtrend – trend is in complete control of bears as rallies rejected resistance at 128.619

Jan 15, 2016 07:24 am UTC| Technicals

Although, both on daily and weekly price patterns of the pair tested supports at channel base line at around 127.020 to form a bottom but on again weakness is seen in this pair when it has rejected resistance at 128.619...

FX Hedging Strategy Series

FxWirePro: GBP looks vulnerable against dollar, deploy butterfly spread as risk reversal and IV signals cable may go sideways

Jan 15, 2016 06:19 am UTC| Technicals

Technically, we have come across with enough bearish swings to steep downwards along with upper trend line of the falling wedge formation while plotting both weekly chart with mammoth volumes show the tendency to confer...

GBP/USD almost flat after BOE’s unchanged monetary policy

Jan 15, 2016 05:40 am UTC| Technicals Central Banks

Pair is just supported above $1.4400 mark and currently trading at $1.4408 levels. Dropping below the $1.44 mark confirmed the bearish bias, with a further decline possible toward $1.42 in the near term. In the...

Gold hovering around $1080 mark, minor upside correction expected

Jan 15, 2016 03:47 am UTC| Technicals

During Thursdays trading session, European stocks partially recovered and the dollar erased most of its losses, which led to a slide in the gold price. Futures for gold slumped 1.31% to trade at an intraday low of...

FxWirePro: USD/JPY consolidating around 118.15, bias is bullish

Jan 14, 2016 19:46 pm UTC| Technicals

USD/JPY has strongly rebounded after hitting support level at 117.22 and is inching to test resistance level at 118.35, the support level at 117.50 is set to limit any downside and push the pair towards higher levels in...

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