FxWirePro: GBP/AUD spikes after support at 23.6% Fibos to form bullish engulfing, minor trend pops up OB pressures – Short hedges at stiff resistance ahead of Brexit negos

Sep 29, 2017 13:13 pm UTC| Technicals Insights & Views

Historically, the stiff resistance zone is observed at 1.7130-50 mark. The doji and shooting stars appear at the peaks of rallies at 1.7060 and 1.7107 levels, the failure swings have occurred with the bearish engulfing...

Global investment banks and hedge fund firms continue remarks on cryptocurrencies, now it’s Morgan Stanly, FxWirePro views “Best thing since sliced bread”

Sep 29, 2017 11:31 am UTC| Digital Currency Research & Analysis Insights & Views

We all know that earlier this month, the JP Morgan Chief termed the cryptocurrency as a fraud. His comments, along with several prominent hedge fund investors, came before a sharp sell-off in bitcoin. Chinese regulation...

Sterling OTC shrugs off EU’s optimism on Brexit negotiations, Shift in RRs in sync with FxWirePro’s prediction ahead of October summit

Sep 29, 2017 10:43 am UTC| Research & Analysis Insights & Views Central Banks

GBPUSD overview: The reversal higher yesterday has held intra-day resistance in the 1.3445/55 region. A run back through here would open a stronger move towards 1.3540-1.3590. However, the 1.37-1.39 region is seen as...

FxWirePro: “Hawks not to bark at the wrong tree” on luring USTs – Stay positioned in choosy long dollars on more balanced bullish VXY bias in Q4

Sep 29, 2017 09:37 am UTC| Central Banks Research & Analysis Insights & Views

This write-up is just anattempt of routing trade flows in theright direction rather than having speculative moves that blow-out-of-the proportion due to the recent significant data flows from the central banks. The Fed...

FxWirePro: Hedging reshuffling for Bullion risks – OTM call writing on its effective functionality, append delta put to convert 3-way straddle into strips

Sep 29, 2017 07:27 am UTC| Research & Analysis Central Banks Insights & Views

For now, we all know that the dollar getting some traction, in response to Janet Yellens hawkish rhetoric while delivering speech at the NABE annual conference. Its was up by no more than 0.5% against any currency. The Fed...

FxWirePro: Flurry of bearish streaks in Gold prices signal more slumps, consolidation phase in major trend seems exhausted before 38.2% Fibos

Sep 29, 2017 06:23 am UTC| Technicals Insights & Views

Shooting star has occurred at 1346.08 levels, historically, weve observed the stiff resistance at the same level (refer daily chart and magnify to see the strong supply zone). In July and September 2016, you could observe...

FxWirePro: ECB, bearish neutral RRs and IV skews but Swiss franc no longer overvalued to signal OTM call writing in collars

Sep 28, 2017 12:35 pm UTC| Research & Analysis Insights & Views Central Banks

Before we proceed through the core part of this write up, lets have a glance through the implied volatilities of EURCHF ATM contracts from the above nutshell, IVs of this underlying pair of all expiries have still been the...