FxWirePro: EUR/SEK spike to 9.4320 quickly sold-off, pair slips to session lows

Oct 28, 2015 09:14 am UTC| Technicals

EUR/SEK spiked to hit days highs at 9.4320 after Riksbank held rates and increased its monthly purchases of bonds to SEK 65 bln from SEK 45 bln. The spike was quickly faded, the pair retraced all of the gains and is...

Downside in USD-CNY likely limited

Oct 28, 2015 08:43 am UTC| Commentary Technicals

The spread between CNY and CNH widened to around 400pips this week, while it was almost zero two weeks ago. This is a bit surprising as Chinese authorities have committed to narrow the CNY-CNH spread in order to facilitate...

FxWirePro: Yen’s gains on cards ahead of FOMC meet – active longs in put ladder to leverage profitability

Oct 28, 2015 08:06 am UTC| Technicals

The pair is most likely to perceive reducing implied volatility close to 9% of 1M ATM contracts that has reduced from 1Ws vols. Thus, we recommend holding longs on put ladder spreads that contained proportionately less...

FxWirePro: GBP/USD breaks minor trend line support, good to sell on rallies

Oct 28, 2015 07:59 am UTC| Technicals

Cable has broken major trend line support around 1.5300 (trend line joining 1.5106 and 1.5199) and break below confirms short term weakness, a decline till 1.5260/1.5200 is possible. On the higher side major trend...

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FxWirePro: Delta risk reversal signals overpriced calls – capitalize on USD/JPY call ratio spreads for speculating

Oct 28, 2015 07:31 am UTC| Technicals

From the nutshell showing delta risk reversal of ATM contracts, it is understood that the ATM calls have been on high demand (this is just the resultant sentiments from recent rallies) and looks overpriced which divulges...

CHF/JPY breaks major trend line support, decline till 120 is possible

Oct 28, 2015 06:58 am UTC| Technicals

CHF/JPY has broken trend line support around 122.40 (trend line joining 119.89 and 122.07) and declined till 121.93. Short term trend is bearish as long as resistance 123 holds. The pairs major support is around...

FxWirePro: EUR/PLN rejected at highs, breaks below 4.2770 could take the pair to 4.2580 levels

Oct 28, 2015 06:50 am UTC| Technicals

EUR/PLN is currently trading at 4.2802, slightly lower from session highs at 4.2852. The pair was rejected at 4.2917 on Tuesday, but still hovers near nine-month highs of 4.2939 hit on 22nd Oct Converging 10 DMA...