Dec 07, 2015 09:45 am UTC| Technicals
We expect more muted market movements this week, after sharp market reactions were triggered by the ECBs policy under-delivery, and ahead of the all-important FOMC meeting on 16 December. There is a risk of more...
Dec 07, 2015 09:38 am UTC| Technicals
We could smell sort of scope for MXNs depreciation further this week against dollar gains ground after the NFP (211K vs forecasts at 201K), unchanged unemployment at 5.0% and EUR squeezing higher. MXN seems...
FxWirePro: Stay hedged USD/JPY via 2:1 delta spreads
Dec 07, 2015 07:48 am UTC| Technicals
We could foresee lot of speculations happening around USDJPY currency cross. The US was able to produce upbeat NFP numbers at 211K vs forecasts at 201K and no change in unemployment scenes. But despite good set of...
FxWirePro: USD/JPY likely to retest 122 before 14th December upon multiple bearish signals
Dec 07, 2015 06:35 am UTC| Technicals
USD/JPYs uptrend may persist after Feds event scheduled on 14th December, until then we could foresee some short term bearish sensation. After double top pattern that has formed recent week (on daily charts) with...
FxWirePro: A run through on modified call butterfly spread on NZD/JPY
Dec 04, 2015 11:59 am UTC| Technicals
NZDJPY has experienced an abrupt steep spike up from 79.984 to 82.300 today to break the 81.004 support levels. Use these rallies for a capital gain by deploying butterfly spreads strategy, when your maximum profits are...
FxWirePro: GBP/JPY PRBS for hedging - Stay cautious on delta while executing backspreads
Dec 04, 2015 09:03 am UTC| Technicals
Overall trend of this pair fixes it bearish view for a target of 184.604 and may even tumble up to 182.420 in medium terms. We think arresting this potential downside risks by hedging through Put Ratio back Spread is...
FxWirePro: EUR/CHF bears poised with over-reactive spot FX rallies – OTC well balanced
Dec 04, 2015 06:56 am UTC| Technicals
We believe Euros spot FX has been overreacting after the ECBs decision to cut the deposit rates by 10 bps to -0.30% from minus 0.2% are cushioning a bit, while expectations were minimum 15-20 bps, so we think this as...
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