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GBP/JPY Trade Idea

Dec 08, 2015 12:11 pm UTC| Technicals

Major trend reversal - close above 186.25 (200 day MA) GBP/JPY has made a high of 186.35 and started to decline from that level. Overall trend is weak as long as GBP/JPY stays below 186.25. On the lower side it has...

FxWirePro: USD/CAD hits 11-year high on weak crude oil prices, good to buy at dips

Dec 08, 2015 11:44 am UTC| Technicals

USD/CAD has gained today to its highest level since June 2004 as oil hits new year low. WTI Crude Oil has broken previous low of $38.24 and declined till $37.63 (2015 low). The pair has broken major resistance 1.3456...

FX Hedging Strategy Series

FxWirePro: Falling wedge of GBP/USD signals more downside potential, OTC well poised as risk reversals, IVs send tepid figures

Dec 08, 2015 11:44 am UTC| Technicals

The pair is likely to evidence bearish swings, while plotting both daily and intraday charts we come across swings show the tendency to touch base trend line. But we see some sharp bounces as well the moment it touches...

USD/JPY holds above 123 barrier, weakness only on breaks below 122.90

Dec 08, 2015 10:26 am UTC| Technicals

USD/JPY spot remains contained by 122.26-123.77 2/3 week range, repeated failures below 122.40 which is 23.6% Fib retrace of 118.07-123.77 rise means bias marginally on upside. China trade data-led risk-off supported the...

FX Hedging Strategy Series

FxWirePro: Execution of AUD/JPY PRBS with net credit and reasonable risk reward profile

Dec 08, 2015 09:38 am UTC| Technicals

Whats cooking with AUDJPY fundamentals: Japan reported +0.3% a sharp jump from previous -0.2%, while the BoJ remains to pursue the most aggressive easing policy among the major central banks, but it is arguably not getting...

FX Hedging Strategy Series

FxWirePro: AUD/JPY 3D ATM IV favors put writers – 3:2 PRBS portrays to mine max leverage

Dec 08, 2015 09:26 am UTC| Technicals

The RBAs 3.0% growth projections for 2016 have been the key drivers for the policy outlook; while developments in the terms of trade and the exchange rate will bear careful watching in the early part of 2016. The Q3...

FxWirePro: Gold outlook – short term upside target reached, awaiting FED

Dec 08, 2015 08:58 am UTC| Commentary Technicals

Gold has reached our target area of $1090/troy ounce, for call given last week on Thursday. However it hasnt traded at $1090/troy ounce, but it would be fair to say that area has reached, with price trading as high as...

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