Vega risks of WTI crude explains when to employ vertical BPS
Aug 21, 2015 12:48 pm UTC| Insights & Views
As per our forecasts WTI crude oil futures (CL!1) has been extending its loses from last months highs at around 59 levels to 47.44 in first stage and again below 42.22 levels (our 2nd target). Currently, on NYME,WTI crude...
What hit gold today and what lies ahead?
Aug 21, 2015 12:37 pm UTC| Insights & Views
Gold after rising sharply beyond $1150 area (our target) to trade as high as $1168, dropped sharply towards $1150 area. So what has hit gold today Key resistance - $1168-70/troy ounce is a key resistance for Gold....

The perfect storm engulfing Asia FX looks set to continue
Aug 21, 2015 11:55 am UTC| Insights & Views
Emerging Asian currencies fell on Friday, extend their losing streak to another week, following the worst Chinese factory activity survey in 6-1/2 years. Chinas flash Caixin manufacturing PMI declined in August to 47.1...

Yen formed a key bottom against INR
Aug 21, 2015 11:53 am UTC| Insights & Views
Indian Rupee has clearly lost its charm after Chinas devaluation of Yuan clouded the fundamentals of the country as trade balance with China is expected to deteriorate, moreover hard landing of Chinas economy is likely to...

FXWirePro: Euro targets 0.75 area against Pound – Call updated
Aug 21, 2015 11:28 am UTC| Insights & Views
In spite of diverging fundamentals, Euro might be heading higher against Pound. In last two week, Euro has been showing considerable strength against Dollar, while Pound is continuing its range with upward bias. Euro...
FxWirePro: Black Scholes optimizes GBP/JPY straddle shorting and lower IV wins trade
Aug 21, 2015 11:22 am UTC| Insights & Views
Please be noted that the holders of straddle must be betting realized volatility would exceed the implied volatility. As a result of technical observation we look ahead for slight dips in the near future but sideways in...

S&P500 clears key support as panic sets in
Aug 21, 2015 10:39 am UTC| Insights & Views
Panic is at large across financial markets not over rate hike from US Federal Reserve but hard landing of Chinese economy. Market participants are doubtful that Chinese Authorities will be able to prevent stock market...