FxWirePro: EUR/CHF targets higher on account of SNB’s non-intervention to keep nominal rates lowest
Oct 12, 2015 10:43 am UTC| Insights & Views
On a 1-3m horizon, our target for this pair is still higher though we have adjusted our Q4 forecast (at 1.10). The latest quarterly SNB meeting did nothing to fundamentally change the outlook. The inflation forecast was...
Credit spending buoyant in Australia, thanks to RBA accommodation
Oct 12, 2015 10:11 am UTC| Insights & Views Central Banks
Latest report shows residents of Australia is availing the benefits of lower rates from Reserve Bank of Australia (RBA), which is at record low of 2%. RBA has reduced rates twice this year so far and held policy steady...
Ringgit might fall as weakness persist in economy
Oct 12, 2015 09:53 am UTC| Insights & Views
Malaysian Ringgit might reverse its recent rally, pushed by a weaker non-farm payroll data from September and no rate hike from US Federal Reserve. Ringgit has gained from 4.48 per USD to 4. 15 per USD as of now. Oil...
Oct 12, 2015 08:20 am UTC| Insights & Views
CFTC commitment of traders report was released on Friday (9th October) and cover positions up to Tuesday (6th October). COT report is not a complete presenter of entire market positions, since future market is relatively...

FxWirePro: Doji on trendline breach hints EUR/CAD bearish sentiments – expect further slumps
Oct 12, 2015 08:11 am UTC| Insights & Views
On both weekly and daily charts of EURCAD we spot out Doji pattern candles formed to highlight a caution for bulls. As you can observe Doji on weekly charts has occurred exactly on a trendline breach at around 1.4909...

FxWirePro: Hammer pattern on Kiwi dollar - likely to extend gains against USD
Oct 12, 2015 07:04 am UTC| Insights & Views
Kiwi dollar after continues losing streak that has begun from mid April, it is now making an attempt of recovery a bit as both RSI and stochastic oscillators signaling buying sentiments even though it reached in overbought...
FxWirePro: Stay firm with put ladders on NZD/JPY rallies
Oct 12, 2015 06:33 am UTC| Insights & Views
We maintain long term bearish trend stance, while short term upswings could also to be utilized by below strategy. In our opinion, although some price recoveries that weve been seeing from last couple of days, monthly...