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FxWirePro: GBP/AUD faces strong resistance around 2.140, good to sell on rallies

Oct 19, 2015 09:27 am UTC| Technicals

GBP/AUD has made a high of 2.130 and retreated from that level . It is currently trading at 2.121. The pairs major resistance is around 2.1400 and any break above would extend gains till 2.160/2.175. The pairs...

FxWirePro: USD/ZAR faces strong resistance by cloud base at 13.1161, good to sell rallies

Oct 19, 2015 07:49 am UTC| Technicals

USD/ZAR slight bounce out of last weeks 13.03 low was quickly sold off, and the pair slipped back below 13.03 levels Inability of price to hold cloud break on Friday reinforces control with the bears, more downside...

FTSE 100 breaks minor trend line resistance, targets 6500

Oct 19, 2015 07:44 am UTC| Technicals

FTSE 100 is facing strong trend line resistance at 6415 (trend line joining 6751 and 6453) and any break above confirms short term bullishness, a jump till 6500/6550 is possible . The index minor trend line resistance is...

FX Hedging Strategy Series

FxWirePro: Avoid extra EUR/JPY ATM put and buy risk reversal, prefer PRBS i/o option strips for hedging

Oct 19, 2015 07:33 am UTC| Technicals

Please be informed that how delta risk reversal numbers are getting higher negative values gradually in a long run (flashing at -1.6 for 1 year expiries). Volatility smiles most frequently tells that traders are willing...

FxWirePro: BTC/USD retreats after making a high of $272, good to buy at dips

Oct 19, 2015 06:57 am UTC| Technicals

BTC/USD has made a high of $273 and started retreats from that level. It is currently trading at $260. Overall trend is still bullish as long as support $245 holds. The major resistance is around $272 and break above...

FxWirePro: AUD/USD vega spreads to monitor higher IV and downside risks

Oct 19, 2015 06:48 am UTC| Technicals

ATM contracts of AUDUSD for 1w-1m contracts is at 12.5% Delta risk reversal is negative for 1w-1m contracts = -0.65 to -1.25 Aussies very close trade exposure to china is hurting consistently, China today has...

FxWirePro: AUD/NZD trades firm into European open, edges above 1.07

Oct 19, 2015 06:43 am UTC| Technicals

AUD/NZD firming up into European open as Kiwi remains in the red, paid no heed to the Chinese release Mood takes turn for the better after Chinese GDP release, Aussie gained the most from the sudden turnaround in...

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Technology

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SpaceX Eyes Historic IPO at $1.75 Trillion Valuation

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