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Swedish krona hits fresh monthly high against Euro, intraday bias remains bearish

Mar 09, 2016 10:17 am UTC| Technicals

Pair is currently trading around 9.3025 levels. It made intraday high at 9.3422 and low at 9.2955 levels. Pair breaks key support level at 9.3009 and bias turns bearish for the moment. A sustained break...

FX Hedging Strategy Series

FxWirePro: Euro's divergence between HVs and IVs but convergence between spot and RR, EUR/USD hedging as per OTC adjustments

Mar 09, 2016 09:56 am UTC| Technicals

The implied volatility of ATM contracts for 1M-3M expiries of this the pair is ranging from 10.5-12%. Delta risk reversals with positive ticks creeping up gradually for next 1W expiries to signify the hedging positions...

FxWirePro: EUR/GBP extends downside post upbeat UK manufacturing output data

Mar 09, 2016 09:45 am UTC| Technicals

Downside in EUR/GBP accelerated into UK industrial output data, pair fell around 25 pips from 0.7740 levels to 0.7715 just minutes ahead of data. UK manufacturing output beat expectations, came in at +0.7 % m/m, more than...

Loonie struggles to break above 1.3460, decline till 1.3260 is possible

Mar 09, 2016 09:32 am UTC| Technicals

Candle Stick pattern - Shooting Star Major resistance - 1.3460 (55 day 4H EMA) USD/CAD has made a high of 1.34461 at the time of writing and started to decline from that level. Short term trend is still weak as...

FxWirePro: No room for EUR/USD long term bulls -bears restrain short term speculators max upto 23.6% fibo retracement

Mar 09, 2016 09:28 am UTC| Technicals

Theeuro has started the trading week with minor gains, as the pair trades at the 1.1060 on 8th March began tumbling. Bears lined as Euro retreaded below 1.0976 levels, many turned a sceptical eye toThursdays crucial...

FxWirePro: GBP/NZD trades a narrow range, focus on UK industrial output data

Mar 09, 2016 09:10 am UTC| Technicals

GBP/NZD is extending consolidation phase, after edging higher from channel base support at 2.0625 (multi-month lows). The pair is stuck in a narrow range on the day, days highs at 2.1115, lows at 2.1018. Series...

FxWirePro: USD/INR likely to consolidate below 67.76, intraday bias remains bearish

Mar 09, 2016 09:06 am UTC| Technicals

Pair is currently trading around 67.27. It made intraday high at 67.51 and low at 67.25 levels. Intraday bias remains bearish till the time pair holds key resistance at 67.76 levels. On the down side, key...

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