Dec 23, 2015 08:20 am UTC| Technicals
On the verge of French consumer spending and Italian retail sales, today Euros has been edgy hampering its recent gains again.The Euro zone aggregate preceded by French and German figures.Furthermore, ZEW index for...
Dec 23, 2015 07:02 am UTC| Technicals
Hedging Frameworks: Butterfly Spreads (CADJPY) The prime time for Yen tightening its gains back again but slight chances of bounces cannot be ruled out, but some dramatic differences in prices on either direction is...
FxWirePro: CAD/JPY bearish trend still remains intact – capture rallies for fresh shorts
Dec 23, 2015 05:54 am UTC| Technicals
The divergence to the previous sideway trend on daily chart that has shown their bearish effects clearly so far. Monthly RSI has consistently been converging downwards, now with a resembling bearish engulfing pattern at...
FxWirePro: What caused PBoC’s TWI for currency mechanism – USD/CNY hedging perspectives
Dec 22, 2015 09:03 am UTC| Technicals
After PBoCs trade-weighted view of CNY during a last weekend, the warning shot from PBoC for the FX Wars, we dont think Fed has taken this into account very seriously. PBoCs operational documents were recently released...
FxWirePro: UK tepid growth boosts up cable’s bearish sentiments – butterfly spreads on lower IVs
Dec 22, 2015 08:11 am UTC| Technicals
Slowing UK growth momentum should be confirmed in next weeks final read of Q3 GDP, supporting our bearish sterling view in the context of impending fiscal tightening and EU referendum risk. We would be exhilarated by a...
FxWirePro: Square off AUD/USD combos to book profits, time for hedging with straps
Dec 22, 2015 07:28 am UTC| Technicals
Technical Glimpse: RSI is biased higher and has scope to run. EOD stochastic evidencesbullish crossover at oversold levels.%K crossover near oversold territory on slow stochastic curve is also clearly evidencing...
FxWirePro: Don’t get baffled in USD/ZAR’s abrupt swings – stay hedged via CRBS
Dec 21, 2015 13:05 pm UTC| Technicals
Following the sharp fall on the back of the change in finance ministers, the ZAR has now regained its value. The immediate reaction to the Fed rate hike has been a strengthening of the ZAR against the USD despite the...
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