FxWirePro: Glimpse through APAC central banks’ guidance and hedge AUD/NZD via options strips

Nov 10, 2017 08:12 am UTC| Research & Analysis Insights & Views Central Banks

The RBAs forecasts have been updated with the publication of the November Statement on Monetary Policy (SoMP). The growth outlook is little changed and the unemployment rate is expected to fall to 5¼% by Dec...

FxWirePro: AUD/NZD bears snap rallies exactly at channel resistance to display potential shooting star, major trend drifts in range – 1m DNT to trade

Nov 10, 2017 06:48 am UTC| Technicals Insights & Views

Short-term trend of this pair slides through sloping channel. Gravestone Doji appears exactly at channel resistance (at 1.1069 levels), the failure swings at peaks of previous rallies rejected at channel resistance...

FxWirePro: Short hedge for short-term USD/MXN traders as Banxico to line up with dovish league

Nov 09, 2017 13:18 pm UTC| Central Banks Research & Analysis Insights & Views Technicals

Tonight the Mexican central bank will leave its key rate unchanged at 7% once again. The fall in GDP in Q3 is due to the earthquake and tornados so that there is no reason for the central bank to react to the GDP data with...

FxWirePro: Hedge USD/MXN via 3-way straddle as monetary policy seems non-event for peso vols

Nov 09, 2017 13:15 pm UTC| Central Banks Research & Analysis Insights & Views

The Mexican central bank will likely leave its key rate unchanged at 7% once again, the meeting is unlikely to provide any surprises and should, therefore, be a non-event for the peso. Please be noted that the current...

FxWirePro: Writing legs in call ladders to optimize EUR/CAD hedging for subdued bullish sentiments but with pinch of salt

Nov 09, 2017 12:28 pm UTC| Research & Analysis Insights & Views

Technically, EURCAD has been drifting in the range between 1.5258 - 1.4442 from the last couple of months. We foresee the trend is likely to hover in the similar range but certainly not any dramatic spikes. Refer below...

FxWirePro: Bid RUB’s mounting bullish sentiments on oil and vivid FX valuations – Stay short in TRY/RUB (spot) and EUR/RUB (options structures)

Nov 09, 2017 11:03 am UTC| Research & Analysis Insights & Views

We choose RUB as the long leg of the trade to help offset the expensive carry costs of a short TRY position. RUB valuations are likely to be relatively steady over the coming months, on a mix of factors: (+) stronger...

FxWirePro: EUR/CAD short-term trend slides through falling wedge, major trend spikes between rising channel – Tunnel spread to trade and short hedge

Nov 09, 2017 10:15 am UTC| Technicals Insights & Views

Short-term trend analysis: Short term downtrend drifts through falling wedge Every upswing is restrained below 21DMA and channel resistance, for now, the current prices goes non-directional but with little potential...