FxWirePro: Gold keeps gains on safe heaven demand and cautions FED, BOJ
Apr 28, 2016 18:42 pm UTC| Technicals
Gold prices sharply on Thursday as Bank of Japan held off from expanding monetary stimulus, boosting the yen versus the dollar and Federal Reserve signaled that it was in no rush to tighten monetary policy. The yellow...
FxWirePro: EUR/USD runs out of steam but maintains bullish outlook
Apr 28, 2016 14:41 pm UTC| Technicals
The EUR/USD pair declined up to 1.1323 in the early US session but the bears quickly faded as the data showed US GDP weakened in the first quarter. The economy expanded only by 0.5 percent missing estimate of 0.7 percent...

FxWirePro: EUR/USD 3M vols seem cheaper - hedging to event risks
Apr 28, 2016 14:11 pm UTC| Technicals
EUR/USD 3m ATM vol remains under pressure after last ECB meeting, while the risk reversal is reaching its most negative level since last summer. The implied volatility of ATM contracts for 1M-3M expiries of this the...
FxWirePro: AUD/USD gains some upside momentum but still bearish
Apr 28, 2016 13:52 pm UTC| Technicals
AUD/USD declined on Thursday after soft inflation data weighted on Australian dollar on expectation of a cut in rates by Reserve Bank of Australia. The Australian dollar initially rose in the Asian session against its...

FxWirePro: Short EUR/GBP 6w shrinking vols and hedge short term FX risks with ratio spreads
Apr 28, 2016 13:32 pm UTC| Technicals
EUR/GBP is attempting to break its 0.7780 support. Given the non negligible risk of a less dovish Fed lifting the USD and more room for GBP appreciation against the EUR, odds favour shorts in EUR/GBP. The current...
FxWirePro: USD/JPY pauses decline, downside side remains intact
Apr 28, 2016 12:29 pm UTC| Technicals
The USD/JPY declined on sharply on Thursday after bank of japan opted out of further moves to ease policy and also adding to the mix was the lack of clarity from Federal Reserve on further rate hike. Further upside is...

FxWirePro: AUD/CAD breaks below 200-DMA at 0.9692, good to sell rallies
Apr 28, 2016 11:23 am UTC| Technicals
AUD/CAD slump post dismal Australias CPI data on Wednesday saw the pair break below strong 200-DMA support at 0.9692. Bearish bias in the pair has risen and momentum studies heavily tilted to the downside. Major...