FxWirePro: UK tepid growth boosts up cable’s bearish sentiments – butterfly spreads on lower IVs
Dec 22, 2015 08:11 am UTC| Technicals
Slowing UK growth momentum should be confirmed in next weeks final read of Q3 GDP, supporting our bearish sterling view in the context of impending fiscal tightening and EU referendum risk. We would be exhilarated by a...

Silver breaks minor trend line resistance, targets $14.62
Dec 22, 2015 08:00 am UTC| Technicals
Major resistance - $14.18 (trend line joining $14.62 and $14.29) The commodity has broken trend line resistance and jumped till $14.31. It is currently trading around $14.23. Intraday trend is bullish a jump till...

FxWirePro: Strong support for USD/JPY at 120.70, weakness only on breaks below
Dec 22, 2015 07:56 am UTC| Technicals
USD/JPY trades a tight 121.08/31 range in Asia, Doji was formed in Mondays trade and price action was contained completely within the cloud. Range trade likely to extend in holiday thinned trading ahead of the new...

FxWirePro: Square off AUD/USD combos to book profits, time for hedging with straps
Dec 22, 2015 07:28 am UTC| Technicals
Technical Glimpse: RSI is biased higher and has scope to run. EOD stochastic evidencesbullish crossover at oversold levels.%K crossover near oversold territory on slow stochastic curve is also clearly evidencing...
Major European Indices Technical Analysis
Dec 22, 2015 07:06 am UTC| Technicals
DAX: DAX has retreated after making a high of 10798 yesterday. Short term trend is slightly weak as long as resistance 11040 holds. On the higher side the index is facing major resistance around 10863 (200 day 4...

FxWirePro: AUD/JPY hedging perspectives, good time for put writers
Dec 22, 2015 06:48 am UTC| Technicals
The implied volatility of 1W ATM AUDJPY put contract has nothing much changed, it is almost close to 8.71% which is quite on higher side that is good sign for option writers. We know that the options with a higher IV...

FxWirePro: BTC/EUR faces trend line support around 390, good to buy at dips
Dec 22, 2015 06:47 am UTC| Technicals Digital Currency
BTC/EUR has declined till 390 after making a high of 426.84 on Friday. It is currently trading around 400. On the higher side minor resistance is around 426 and break above targets 400/422/441. The pairs major...