FxWirePro: Don’t jump the guns with GBP/AUD extending gains – bearish patterns confirm dips underway

Oct 20, 2015 06:54 am UTC| Insights & Views

The pair has pretty much responded as per earlier analysis as well and we could see a little bit price bounces in near term as the daily chart suggest some buying interest that would result in some price recoveries but we...

Mixed bag of Hungarian fundamentals to increase probabilities of gradual HUF appreciation

Oct 19, 2015 12:57 pm UTC| Insights & Views

We think NBH would remain on hold at its next policy rate meeting if EUR/HUF remains well above 300. Below this, we expect NBH to cut as deflationary pressures may rise from a stronger HUF and negatively impact terms of...

FxWirePro: Yen to extend gains against G10 majors ahead of better IP and BoJ’s easing season

Oct 19, 2015 11:19 am UTC| Insights & Views

The weakness in Asian manufacturing output is also prominent in Japan. This week the government revised down the latest figures on IP, and it now appears that the drop in Q3 production may meet or exceed the 5.9% decline...

ECB deposit rate cut by year-end cannot be ruled out

Oct 19, 2015 09:44 am UTC| Insights & Views Central Banks

Deflation and rampant unemployment, coupled with dropping manufacturing data signal that the eurozone is not in the best of health. This has significantly raised expectations for additional ECB stimulus, making this weeks...

What do AUD/USD higher IV and 25 delta risk reversal divulge?

Oct 19, 2015 06:40 am UTC| Insights & Views

As you can observe from the diagram the implied volatility for near month at the money contracts of AUDUSD pair has been highest among G20 currency pool and is seen 12-12.5% levels for 1m expiry.While delta risk reversal...

Currency snapshot (major pairs)

Oct 16, 2015 15:06 pm UTC| Insights & Views

Dollar index trading at 94.59 (+0.17%). Strength meter (today so far) - Euro +0.05%, Franc -0.05%, Yen -0.09%, GBP -0.20% Strength meter (since last week) - Euro +0.16%, Franc +0.90%, Yen +0.82%, GBP +0.87% EUR/USD...

Commodities snapshot (precious & industrial)

Oct 16, 2015 14:48 pm UTC| Insights & Views

Metal pack is trading red in todays trading. Performance this week at a glance in chart table - Gold - Gold is down after finding offers around $1200 area yesterday. Rise in Dollar, also contributed the fall. Todays...