
FxWirePro: Buy risk reversals and hedge with back spreads as Gold shining to upside risks
Feb 11, 2016 08:22 am UTC| Technicals
With gold CFDs flashing at 1207.00 we see delta risk reversal for 1W-1M contracts have shown higher positive numbers that signal upside risks in this commodity next 1W-1M call options are on higher demand. As you can make...

FxWirePro: MXN at record lows against USD and EUR, volatile crude prices weigh
Feb 11, 2016 08:14 am UTC| Technicals
Sharp drop in crude prices since last June are likely to dampen prospects of foreign direct investment in Mexicos newly opened oil fields. The peso has slumped nearly 10 percent so far this year, prompting the...

Silver faces strong resistance at $15.43, break above targets $16.34
Feb 11, 2016 07:27 am UTC| Technicals
Major resistance - $15.43 (trend line joining $17.75 and $16.34) Major support - $15 (200 day MA) The commodity is facing strong resistance around $15.43 and any break above confirms minor trend reversal. It is...

FxWirePro: EUR/JPY bears relentless, 125.50 next likely target
Feb 11, 2016 07:21 am UTC| Technicals
EUR/JPY down around 300-pips in two days, techs indicate further downside for the pair. The major has been trading a falling channel and tests of 125.50 levels likely on charts. The following support further...

USD/JPY at fresh 1-year low, intraday bias remains bearish
Feb 11, 2016 07:06 am UTC| Technicals
USD/JPYs fall continues today and made fresh yearly low as 112.32 so far. It made intraday high at 113.58 and low at 112.32 levels. Intraday bias remains downside for the moment. On the downside, minor...

FxWirePro: Use ATM and OTM puts in GBP/JPY 2:1 PRBS - ATM delta put ensures underlying outrights
Feb 11, 2016 07:06 am UTC| Technicals
Overall trend of this pair fixes it bearish view for a target of 160.207 and may even tumble up to 156.480 in near terms. We can ponder arresting this potential downside risks through Put Ratio back Spread in 2:1...

Gold breaks major resistance at $1205, targets $1258/$1300
Feb 11, 2016 06:44 am UTC| Technicals
Major resistance -$1205 (trend line joining $1387 and $1307) Major support - $1148 (55 W EMA) The commodity has broken trend line resistance $1205 and jumped till $1214. It is currently trading around...