
May 06, 2016 07:33 am UTC| Technicals
The AUD and NZD remained in a holding pattern ahead of todays RBA statement plus US jobs report, while US interest rates fell. The US dollar index (DXY) rose by around 0.7% overnight, while NZD ranged between 0.6876 and...

May 06, 2016 06:40 am UTC| Technicals
In last couple of weeks, weve been observing bulls taking their role in rising channel pattern. But, the current prices have now slid below DMAs, a decisive break below channel support creates more bearish pressures,...

FxWirePro: Importance of XAU/USD delta derivatives in hedging strategies during higher IV times
May 05, 2016 12:50 pm UTC| Commentary
As we see some downside potential now in short terms on this yellow metal as the bulls could not hold onto the recent peaks of 1303.68. As a result, we could see shooting star pattern at peaks of 1291.34 levels with...

May 05, 2016 11:58 am UTC| Technicals
We had explicitly made a mention in the below statement, now see what has happened: Breaks resistance at 1.4573 levels but sustenance is questionable, but dont jump into conclusion wait for confirmation, short term...

FxWirePro: EUR/CHF Option Trade - “Less returns but certain returns”
May 05, 2016 10:43 am UTC| Commentary
The sale of straddles is usually executed using at the money strikes. A trader can attain more probabilities of certain yields by selling a combination with different strike prices via something called shorting...

May 05, 2016 10:39 am UTC| Commentary
USDCAD spot FX is trading at 1.2838. IVs of 1W ATM contracts are at 13.57% and 12.10% for 1M tenors. As the IV is likely to reduce in near future, lets suppose that we execute an option trading positions by shorting 1W...

May 05, 2016 07:38 am UTC| Technicals
Technical watch: It seems CAD taking a halt from its intermediary bull run against USD (see both daily and monthly plotting). Upswings in USDCAD spiked above DMAs but testing resistance at 1.2859, break above...