FxWirePro: USD/JPY ATM calls seem costlier – offset via option arbitrage
Nov 04, 2015 06:22 am UTC| Technicals
The implied volatility of ATM contracts for near month expiries of this the pair is at around 7.3% and for 1w expiry at 7.5%. NPV of 1w ATM call is 50459.34 while premiums trading above 18.32% at JPY 59707.77 for lot...
Consolidation in USD/CAD to extend further, higher U.S rates, lower oil prices to weigh
Nov 03, 2015 11:28 am UTC| Insights & Views Central Banks Technicals
The Bank of Canada in October held interest rates, but painted a gloomy picture of the Canadian economy. The BOC noted that weak oil prices have had a negative impact on the export sector and hurt economic growth. In its...
FxWirePro: GBP/JPY may extend gains – add 3:2 weights in backspreads
Nov 03, 2015 07:47 am UTC| Technicals
GBPJPY evidenced abrupt rallies after healthy manufacturing PMI data yesterday. Although it is not going to be steep upward direction for today, there could either be sideways or inching higher until release of todays...
FxWirePro: Capitalize on AUD/NZD rallies to deploy shorts in put ladder for hedging
Nov 03, 2015 07:19 am UTC| Technicals
Although weve been observing some bounces we could foresee AUDs weakness in coming weeks. But on the contrary, its been a puzzling trend as we also carry dubious eyes on Kiwi fundamentals which are not that conducive on...
How to position for a mini-rally in USD vols during Q4’15? Disseminate Scandi with PLN
Nov 02, 2015 14:17 pm UTC| Technicals
USD-bloc vols (EUR, NOK, SEK, PLN etc) have cheapened the most recently and offer the best value as long targets. The Polish zloty has been the worst performing currency in emerging markets over the past month. After...
EUR net shorts mounting despite ECB’s positive moves – EUR/SEK speculative trade ideas
Nov 02, 2015 13:55 pm UTC| Technicals
ECB President Mario Draghi in his last Fridays comments hinted rejection of a rate cut / QE extension in December which would likely have a positive signal for EUR. With a Fed that will hike key rates in December after...
FxWirePro: Deploy EUR/USD PRBS to hedge spot FX downside risks
Oct 30, 2015 11:39 am UTC| Insights & Views Technicals
The delta risk reversal for 1m contracts have shown bearish signals back again and long term (1M-1Y) put contracts are also on higher demand. While the pair is still to percieve the highest implied volatility for 1W at...
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