FxWirePro: USD/CHF key support at 1.0057, bullish in the short term
Nov 17, 2015 13:44 pm UTC| Technicals
The USD/CHF has bounced back towards 0.9136 levels, after failing to break below 1.0057 support level. The pair has been trading in bullish trend off late and it is set to continue advancing further. As long as the...
FxWirePro: Brent might drop towards $38/barrel area
Nov 17, 2015 13:17 pm UTC| Technicals
Gains over Paris attack and increased bombing raid might prove limited in crude oil as supply surplus remains too large. Brent, global benchmark of North Sea, might soon resume its downtrend. According to latest...
Nov 17, 2015 12:12 pm UTC| Technicals
Pattern formed -Triple Top Potential Reversal Zone (PRZ)- 2.033 GBP/CAD has once again retreated after making a high of 2.0325 level. It is currently trading around 2.02390. UK Core CPI( Y-O-Y) is at +1.1%...
FxWirePro: Offsetting USD/CAD via option arbitrage as NPV of ATM puts seem costlier
Nov 17, 2015 12:02 pm UTC| Technicals
The implied volatility of ATM contracts for near month expiries of this the pair is at around 8.9% and for 1w expiry at 8.4%. NPV of 1w ATM put is 552.60 while premiums trading above 19.02% at USD 657.67 for lot size...
CAD/JPY takes support near trend line support, jump till 93.25 is possible
Nov 17, 2015 11:47 am UTC| Technicals
CAD/JPY has recovered till 92.67 at the time of writing and declined till 91.78. It is currently trading around 92.60 The pairs minor resistance is around 92.70 and any break above will take the pair till...
FxWirePro: Employ EUR/USD diagonal backspreads on highest IV and risk reversal among G20 space
Nov 17, 2015 11:21 am UTC| Technicals
As you can observe from the diagram the implied volatility for near month at the money contract of this G7 major has been highest among currency pool, likely to perceive at 12% for 1m expiry. While delta risk reversal...
FxWirePro: EUR/JPY rejected at lows, good to buy dips
Nov 17, 2015 10:45 am UTC| Technicals
A long tail on candlesticks suggests EUR/JPY found buying pressure at lows which saw the pair bounce back from 130.64 levels on Monday The pair stays above the 131 handle, currently trades at 131.43, with immediate...
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