
Mar 01, 2016 11:48 am UTC| Technicals
The recent market focus on the EU referendum has meant that GBP downside options have become very expensive. Yet despite the recent move lower, vol-adjusted EURUSD skew remains relatively elevated, in our view (see ATM...

Silver likely to find support below 15.70, sell on rallies
Mar 01, 2016 11:40 am UTC| Technicals
Pair is currently trading at $14.86 levels. It made intraday high at $14.97 and low at $14.80 levels. Weekly chart suggests the bearish trend till the time pair holds key resistance at $15.70/$15.92...

FxWirePro: GBP/USD faces strong resistance around 1.4060, good to sell on rallies
Mar 01, 2016 11:11 am UTC| Technicals
Minor resistance -1.3980 Major resistance -1.4060 The pair has recovered from the low of 1.383 till 1.39793 at the time of writing. Short term trend is still weak as long as resistance 1.4060 holds. On the...
Mar 01, 2016 11:04 am UTC| Technicals
We had seen scope for falls in EUR/GBP in our earlier call (http://www.econotimes.com/FxWirePro-EUR-GBP-trades-a-narrow-range-awaits-UK-and-EU-PMI-data-170288). EUR/GBP has now slipped below 0.78 handle following...

Mar 01, 2016 11:03 am UTC| Technicals
Please have look on the risk reversal nutshell, perhaps OTC market arrangements may baffle sentiments of the spot FX trend directions. For contracts expiring in 1W-1M are displaying little upticks, however, losing momentum...

South African rand falls after lower than expected GDP data
Mar 01, 2016 10:43 am UTC| Technicals
USD/ZAR is currently trading around 15.74 levels. It made intraday high at 15.88 and low at 15.63 levels. Today South Africa released GDP data with negative numbers at 0.6% Q/Q vs 0.7% previous release. In...
Mar 01, 2016 10:27 am UTC| Technicals
GBP depreciated significantly last week as perceived risks of an EU exit increased. In a way, the agreement seems to be a positive development but not suffice to cushion GBPUSD rout, but EU exit risk has negative...