FxWirePro: WTI crude displays shooting star and gravestone to resume momentary downswings ahead of EIA, consolidation phase breaks out symmetric triangle resistance

Nov 08, 2017 11:20 am UTC| Technicals Research & Analysis Insights & Views

Active bears in WTI crude breach ascending triangle supports, interim price dips backed by both leading and lagging oscillators: Shooting star and gravestone doji candle patterns have occurred at $57.22 and $57.24...

FxWirePro: CNB’s dovish hike to induce EUR/CZK shorts in forwards

Nov 08, 2017 10:19 am UTC| Central Banks Research & Analysis Insights & Views

The CNB failed to upgrade much its rate projection disappointing against market expectations. The CNB hiked the policy rate by 25bps to 0.50% as widely expected. However, the central bank upgraded its rate projection...

FxWirePro: Crude options trade perspectives - Abstain from worrying about a drop in the bucket, hedge hot potato ahead of EIA’s crude inventory check

Nov 08, 2017 09:32 am UTC| Research & Analysis Insights & Views

Crude prices have been slightly edgy despite todays rallies as the Chinese crude imports skidded to their lowest level in a year, although traders mentioned the overall market remains well braced because of OPEC-led supply...

FxWirePro: A run up on NZ key fundamentals ahead of RBNZ - NZD options trades perspectives

Nov 08, 2017 06:58 am UTC| Central Banks Research & Analysis Insights & Views

NZD traders focus shifted onto RBNZ that is scheduled to announce its monetary policy after the inflation expectations in New Zealand decreased to 2 pct in the Q42017 from 2.10 pct in the Q32017, while the GDT-TWI fell...

FxWirePro: Be choosy for gamma ownership amid Vega neutral scenario

Nov 07, 2017 13:37 pm UTC| Research & Analysis Insights & Views

The Vega-neutral vol curve flatteners for selective gamma ownership: With a few exceptions, ex-ante carry margins for gamma shorts have shrunk to wafer-thin levels as front-end implied vols have squeezed lower towards 2H17...

FxWirePro: Jump on the bandwagon and keep RBNZ at bay via directional options play

Nov 07, 2017 10:58 am UTC| Research & Analysis Central Banks Insights & Views

All NZD traders focus shifted onto RBNZ that is scheduled to announce its monetary policy after the inflation expectations in New Zealand decreased to 2 pct in the Q42017 from 2.10 pct in the Q32017.While GDT price index...

FxWirePro: Stay short in EUR/CNK as CNB’s rate hiking cycle in 2018 seems imminent

Nov 07, 2017 09:36 am UTC| Central Banks Research & Analysis Insights & Views

In this write-up, we emphasize on shorting in EURCZK via 3-month forwards, which is currently trading at 25.6214. We target a 4% move lower to 24.5965 and place a stop loss at 26.0057. Our trade horizon is 6-12 months. The...