internationallove Posted April 10, 2012 Author Share Posted April 10, 2012 "RBS: trading GBP/USD"(2012-04-10) RBS: trading GBP/USD Technical analysts at RBS recommend buying British pound versus the greenback at on the dips to $1.5810/35 stopping at $1.5750 and targeting $1.6072. The specialists note that GBP/USD will face strong resistance in the $1.6072/91 (“tweezer top” formed in November 2011). There’s also resistance at the recent highs of $1.5930 and $1.5987. If the forecast doesn’t realize, then the important downside levels lie at $1.5666 and $1.5585. Chart. Daily GBP/USD Comment here http://www.fbs.com/analytics/2012-04-10/17239-rbs-trading-gbpusd Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 10, 2012 Author Share Posted April 10, 2012 "UBS: trading USD/JPY on the BOJ (2012-04-10) UBS: trading USD/JPY on the BOJ Analysts at UBS believe that the Bank of Japan will deliver the expected easing at its second meeting this month on April 27. The specialists underline that this way Japanese central bank will have time to adjust their policy to what the Federal Reserve comes up with on April 24-25 justifying the policy with an updated Outlook Report. In their view, the BOJ may: - Extend Asset Purchase program from the end of 2012 to June 2013 or longer; - Extend APP by at least another 5 trillion yen, concentrated in government bonds component; - Remove the limit of buying the JGBs via the APP of only those issues with 2 years left to maturity or less; - Raise inflation target from 1% to 2%. How to trade using such assumption: UBS expects USD/JPY to drift down to 80.00/50 and then start rebound after the BoJ meeting on April 27 aiming to 85.00 yen in 3 months (if the Fed’s approach remains unchanged). Chart. Daily USD/JPY Comment here http://www.fbs.com/analytics/2012-04-10/17240-ubs-trading-usdjpy-boj Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 10, 2012 Author Share Posted April 10, 2012 "RBS: outlook for EUR/GBP "(2012-04-10) RBS: outlook for EUR/GBP According to RBS analysts, the Britain’s economy is moving in a positive direction. The outlook is still not clear-cut, but recent better-than-expected data show that in Q1 the economy of the region is growing. Specialists direct our attention to the bunch of positive PMI data (particularly, service and construction PMIs). Mixed household, public and financial sectors data don’t permit to make a completely favorable long-term forecast, but the GDP seems to have improved in Q1. Stronger growth will help the government to meet the deficit reduction plans. Specialists forecast the EUR/GBP to weaken to 0.8080 level. However, the 'doji' pattern on Friday and the upward movement at the beginning of the week promise a correction to 8280/8315 levels. Strategists recommend going short with a stop loss at 0.8352. The downside targets remain at 0.8223 and 0.8192 levels. Chart. Daily EUR/GBP Comment here http://www.fbs.com/analytics/2012-04-10/17242-rbs-outlooj-eurgbp Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 11, 2012 Author Share Posted April 11, 2012 "Mizuho: dollar may rise to 105 yen "(2012-04-11) Mizuho: dollar may rise to 105 yen Wednesday, April 11, 2012 - 07:00 According to analysts at Mizuho Corporate Bank, the greenback may strengthen to 105 yen over the next couple of years (a highest level since October 2008). On a weekly Ichimoku chart, the USD/JPY rose above the Kumo (3), clamped between the Kijun (2) and Tenkan (1) lines. Mizuho specialists say this pattern means the dollar will strengthen further to 85 yen and then to 105 yen. On a monthly chart, analysts expect the pair to overcome the top of the cloud in two years. Chart. Weekly USD/JPY Comment here http://www.fbs.com/analytics/1970-01-01/17244-mizuho-dollar-may-rose-105-yen Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 11, 2012 Author Share Posted April 11, 2012 "USD/JPY: upward correction may be coming "(2012-04-11) USD/JPY: upward correction may be coming US dollar keeps trading within downtrend versus Japanese yen sliding from March maximums above 84 yen. USD/JPY has reached the lower line of the price channel and is now likely rebound targeting the upper line of the channel during the next several days. The greenback may get support from strong bids in the 80.50/55 area and October 2011 maximum in the 79.50/55 region. State Street Bank: “It’s a bit too early now for the market to trade on the Bank of Japan's meeting on April 27. But expectations of further easing mean the yen is unlikely to keep rising, beyond the 80 yen mark. But the market will probably start trading on it perhaps next week.” Longer-term outlook Warning from RBS: “There’s an unrealistic expectation of how early central banks will tighten in the world outside Japan. If the market moves to reflect that and we see 2-year yields in the US and the rest of the world come down back toward Japanese levels, the upward pressure on the yen will reemerge.” The 2-year yield spread between US and Japanese bonds widened to 0.20 from 0.08 percentage point in January. RBS thinks USD/JPY may decline to 73 yen by the end of 2012. Chart. H4 USD/JPY Comment here http://www.fbs.com/analytics/2012-04-11/17249-usdjpy-upward-correction-may-be-coming Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 11, 2012 Author Share Posted April 11, 2012 "SocGen: trading EUR/USD"(2012-04-11) SocGen: trading EUR/USD Strategists at Societe Generale advise to go short on the EUR/USD, entering the trade at 1.3100 with a stop at 1.3250 and a target of 1.2600. According to analysts, unsuccessful bond auctions in Europe and recent negative U.S. NFP data point to likelihood of another possible round of QE. Before the lackluster reports were out, investors believed QE3 may be beneficial for risky assets. However, now it became clear that the further monetary easing will point at grave problems in the global economy. The risk-off market mode and troubles in Spain and Italy will weigh on the common currency. Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/2012-04-11/17251-societe-generale-trading-recommendations-eurusd Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 11, 2012 Author Share Posted April 11, 2012 <p> </p> <div> "Commerzbank: technical levels for EUR/USD "(2012-04-11)</div> <div> </div> <div> </div> <div> </div><div> </div> <div> </div> <div> </div> <div> </div> <div> </div> <div> </div> <div> </div> <div>Commerzbank: technical levels for EUR/USD</div> <div></div> <div> </div> <div>Technical analysts at Commerzbank claim that support for EUR/USD lies at $1.3032. If the pair drops below this level, it will decline to $1.2974/54 (February minimum and 61.8% Fibonacci retracement of the single currency’s advance from January minimums to February maximums) and then to $1.2624.</div> <div> </div> <div>The specialists claim that resistance for euro is found at $1.3207 (55-day MA) and $1.3487 (February maximum).</div> <div> </div> <div> </div> <div> </div><div> </div> <div> </div> <div> </div> <div> </div> <div> Chart. Daily EUR/USD</div> <div> </div> <div> </div> <div>Comment here http://www.fbs.com/analytics/2012-04-11/17255-commerzbank-technical-levels-eurusd</div> Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 11, 2012 Author Share Posted April 11, 2012 "Large options expiring today "(2012-04-11) Large options expiring today Here are the options expiring today at 2 p.m. GMT. EUR/USD: 1.3025, 1.3080, 1.3100, 1.3145 and 1.3200; GBP/USD: 1.5800, 1.5900; USD/CHF: 0.9140; AUD/USD: 1.0250, 1.0300 and 1.0425 (large); EUR/GBP: 0.8260; AUD/JPY: 83.70; USD/JPY: 81.00 (large), 81.50, 81.65. Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. Comment here http://www.fbs.com/analytics/2012-04-11/17257-large-options-expiring-today Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 11, 2012 Author Share Posted April 11, 2012 "Westpac: trading EUR/CAD "(2012-04-11) Westpac: trading EUR/CAD Strategists at Westpac Institutional Bank are bearish on euro vs Canadian dollar and advise to sell the EUR/CAD at $1.3080 level with a stop at $1.3170 and a target of $1.2770. In their view, Canada’s surprising job growth (82K in March versus 11K forecasted) and possible hawkish actions of the Bank of Canada (on a meeting 17-18 April key interest rate may be hiked from current 1%) will support the loonie. However, if the U.S. labor market data will remain negative, it may weigh on the Canadian currency. Chart. Daily EUR/CAD Comment here http://www.fbs.com/analytics/2012-04-11/17258-westpac-trading-eurcad Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 11, 2012 Author Share Posted April 11, 2012 "Analysts: outlook for sterling "(2012-04-11) Analysts: outlook for sterling Analysts at Morgan Stanley are bearish on the euro and the pound vs. the greenback. In their view, in a year the EUR/USD and the GBP/USD will weaken to $1.15 and $1.46 respectively. According to the specialists, there are signals that the market's optimism has started to fade as the European economies are still facing plenty of difficulties. Risk aversion and increased asset market volatility will hurt the pound. UniCredit currency strategists also don’t expect the cable to climb higher than $1.60 unless something extraordinary happens. However, Mizuho analysts believe the U.K. economy is gradually growing, and the sterling will gather momentum when the global markets stabilize. Moreover, the pound benefits from serving as a safe haven within Europe. Chart. Daily GBP/USD Comment here http://www.fbs.com/analytics/2012-04-11/17261-analysts-outlook-sterling Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 11, 2012 Author Share Posted April 11, 2012 "SNB and the market’s confidence "(2012-04-11) SNB and the market’s confidence The Swiss National bank had no problem in defending the EUR/CHF floor set in September for more than half a year. How the difficulties have finally appeared as last Thursday euro breached the minimal level due to the surge of demand for francs and the SNB had to step in selling about 1 billion euro (so the estimates say) to bring it back. Swiss monetary authorities repeated their pledges to constrain franc’s appreciation by the level mentioned above. So, if the market once again pushes euro below that point, the SNB will push it up again. The central bank didn’t eliminate the threat of euro’s plunging below 1.20. The core of the problem is that there are the banks trading EUR/CHF and the transactions of which the SNB can’t monitor in time as they don’t have credit lines with it. If such lines were established and the SNB all dealers on the ICAP-owned EBS system it would be able to prevent piercing of the EUR/CHF floor. In addition, the SNB could mandate some banks to help it defend the floor. However, the Swiss central bank already accepts more than 100 banks with more than 700 trading desks as counterparties and it’s hard to capture every single legitimate trading account on EBS at all times, so this probably wouldn’t work either. The fact is: almost a week passed since April 5, but the ‘breaking the floor’ story hasn’t repeated. It means that the market still has enough faith in the SNB. At the same time, new attempts of euro bears to test the central bank’s resolve are still quite likely as the policymakers delivered nothing new. Chart. H4 EUR/CHF Comment here http://www.fbs.com/analytics/2012-04-11/17266-how-long-will-snb-have-markets-confidence Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 12, 2012 Author Share Posted April 12, 2012 "Short-term outlook for loonie "(2012-04-12) Short-term outlook for loonie Canadian dollar hit yesterday the minimal level against its US counterpart since the end of January: USD/CAD posted high at 1.0051 before returning today to the parity level. On the fundamental part, CAD has its main drivers rising equities and oil prices in action. The current fluctuations are by the approaching release of the Bank of Canada’s monetary policy report (the central bank will meet on April 17 and publish quarterly report on April 18). From the technical point of view, there may be a “double top pattern” confirmed in case of steady trading back below the neckline of the pattern at 1.0010, so we may expect more bearish moves today. Scotia Capital: buying loonie seems OK for now, though one should close USD/CAD shorts if the pair closes above 1.0050/1.0070 breaking out of the range within which it has been stuck for months. RBS: bullish on CAD versus euro and US dollar. As conditions in Canada, the United States and the world as a while have improved, the BOC should revise up the domestic and international outlook. Data to watch: Canada’s February trade balance (forecast: 2.2 billion surplus), New housing price index (forecast +0.2% m/m in February). Chart. H4 USD/CAD Comment here http://www.fbs.com/analytics/2012-04-12/17271-short-term-outlook-loonie Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 12, 2012 Author Share Posted April 12, 2012 "AUD/USD grows after employment data "(2012-04-12) AUD/USD grows after employment data The Australian dollar jumped to a one-week high on the backdrop of the surprisingly positive employment data. Strong labor market figures lower concerns that the RBA will cut interest rates from current 4.25% level. Australia’s 3- and 10-year bond yields increased 8 and 3 basis points respectively. In March 44K new jobs were created in Australia versus 6.4K forecasted and 15.4K decline in February. The unemployment rate remains unchanged at 5.2%, compared with forecasts to grow to 5.3%. BNP Paribas specialists expect the Aussie to trade at $1.0500 level in Q2. Moreover, China’s GDP data on Friday may surprise the market and create additional support for AUD/USD. However, analysts at Commerzbank remain bearish on the Aussie vs. the greenback. In their view, there is a strong resistance on the $1.0405 level. They expect the pair to weaken to $0.9863 (Dec. 15 minimum). Early Thursday AUD/USD strengthened to $1.0391, the highest level since April 3. Chart. Daily AUD/USD Comment here http://www.fbs.com/analytics/2012-04-12/17272-audusd-grows-after-employment-data Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 12, 2012 Author Share Posted April 12, 2012 "Beige book: no surprises "(2012-04-12) Beige book: no surprises According to the Beige book report, released on Wednesday, each of the 12 U.S. bank districts keeps expanding at a modest-to-moderate pace from mid-February through the end of March. The Fed pointed at stronger manufacturing sector, consumer spending, better demand for professional business services, increased tourism and some improvement in the real-estate market. The survey also noted that hiring was steady or increased in most of the country. In general, the estimates remain unchanged from previous Beige book release, but with slightly increased optimism on the back of positive March U.S. data. Comment here http://www.fbs.com/analytics/2012-04-12/17276-beige-book-no-surprises Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 12, 2012 Author Share Posted April 12, 2012 "BNY Mellon: USD/JPY is to get higher "(2012-04-12) BNY Mellon: USD/JPY is to get higher Analysts at Bank of New York Mellon think that Japanese authorities will refrain from active monetary interventions for now using only verbal comments ahead of the next Bank of Japan’s meeting at the end of April. BNY Mellon reminds that the quantitative easing conducted by the BOJ in February was much more effective than the previous intervention. According to the economists, Japanese Ministry of Finance “has (sensibly) tried to keep a degree of unpredictability about its operations in order to preserve their effectiveness.” So, the bank’s main scenario is more asset purchases on April 27 and positive near-term outlook for the greenback. USD/JPY may rise to 83 and 84 yen. Chart. Daily USD/JPY Comment here http://www.fbs.com/analytics/2012-04-12/17277-bny-mellon-usdjpy-get-higher Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 12, 2012 Author Share Posted April 12, 2012 "UK trade deficit wider than expected" (2012-04-12) UK trade deficit wider than expected Britain’s trade deficit grew to £8.7 billion in February from revised £7.8 billion in January, despite the forecasted gap of £7.7 billion. The export slippage is caused mostly by decreasing trade volumes with non-EU countries (U.S., China and Russia). According to recent surveys, Britain has just returned to a moderate economic growth after the threat of a recession blew over. However, a slowdown in Britain's main trading partner, the euro zone, could weigh on exporters' prospects. The market, however, is reacting on the negative trade balance data oddly: cable climbed to a one-week high $1.5955. Commerzbank: GBP/USD is rebounding near term from $1.5827 level (55-day MA). We expect the pair to find intraday resistance at $1.5935/65 and continue to view the market as having topped at $1.6062. Resistance for the pair lies at $1.5937 (Apr. 11 maximum), $1.6062 (April maximim), and $1.6200 (psychological resistance), support – at $1.5850 (Apr. 11 minimum), $1.5724, and $5600 (lowest since March 12). Chart. Daily GBP/USD Comment here http://www.fbs.com/analytics/2012-04-12/17279-uk-trade-deficit-wider-expected Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 12, 2012 Author Share Posted April 12, 2012 "Euro zone: Italian auction, Greece, weak data " (2012-04-12) Euro zone: Italian auction, Greece, weak data EUR/USD reiterated from today's highs at $1.3145 affected by the latest news’ releases. Italian government sold BOT of 4.884 billion euro meeting the targeted amount, though the yields were higher – not an entirely positive picture. Here are the details: - 2.884 billion euro of 2015 BTP yield 3.89 % (from 2.76%) out of a targeted 2-3 billion euro; - 2 billion euro of three-off-the run issues due in 2015, 2020, 2023. The off-the-run sale had been announced for an overall amount of between 1.0 billion and 2 billion euro. The overall bid-to-cover was 2.20. In addition, Greek unemployment rate rose from 21.0% in December to 21.8% in January. Moreover, euro zone’s industrial production declined by 1.8% (y/y) in February. Chart. H1 EUR/USD Comment here http://www.fbs.com/analytics/2012-04-12/17280-euro-zone-italian-auction-greece-weak-data Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 12, 2012 Author Share Posted April 12, 2012 "World Bank trimmed China’s growth forecast" (2012-04-12) World Bank trimmed China’s growth forecast The World Bank reduced forecast for China’s 2012 GBP growth from 8.4% to 8.2% (13-year minimum). According to the economists, there’s “potential for growth to be bumping along the bottom for longer”. “We see cyclical weakness continuing, but that the prospects for a soft landing remain high,” said the specialists noting that Chinese authorities have enough resources to help bolster the economy if risks to the downside accelerate. The main problems of Chinese economy are the decreased external demand for its goods and risks connected with the real estate market. Note that the World Bank increased 2013 forecast for China from 8.3% to 8.6% expecting activity to rebound next year. Official data on the nations Q1 economic growth is released on Friday, April 13. Consensus forecast is a gain of 8.4% down from 8.9% in the final 3 months of 2011. Comment here http://www.fbs.com/analytics/17283-world-bank-trimmed-chinas-growth-forecast Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 12, 2012 Author Share Posted April 12, 2012 "RBS: trading AUD/USD" (2012-04-12) http://img837.imageshack.us/img837/391/dailymarketanaylysis.png RBS: trading AUD/USD Analysts at RBS recommend buying the Aussie vs. the U.S. dollar at the current levels, with a stop at $1.0210 at targeting at $1.0612. Strategists see support at $1.0320 (recent lows), $1.0240 (61.8% retracement from a Dec. 15 low) and $1.0201 levels, and resistance – at $1.0496 (recent support, now resistance) and $1.0612 (23.6% retracement from a Dec. 15 low). According to RBS analysts, the Australian dollar will be the best performing currency in April due to seasonal patterns. Specialists also point that a lot of negative news were priced into the AUD/USD, that’s why they advise to play on the dips now. Chart. Daily AUD/USD Comment here http://www.fbs.com/analytics/2012-04-12/17284-rbs-trading-audusd Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 13, 2012 Author Share Posted April 13, 2012 "Friday, April 13: economic news and outlook " (2012-04-13) Friday, April 13: economic news and outlook China’s growth slowed down The market has been expecting Chinese economy to slow down, but the actual data came even worse than the projections: the nation’s GDP added only 8.1% in Q1 vs. the forecast of 8.4% and down from 8.9% increase in the last 3 months of 2011. This is the slowest expansion in almost 3 years. The data has naturally hit Australian dollar (remember Australia exports commodities to China?). Aussie weakened versus all of its major peers, the pair AUD/USD went down from this week’s maximum at $1.0451 reached today to the levels in the $1.0400 area. Fed speakers Fed Bank of New York President William C. Dudley claimed yesterday that it’s “too soon to conclude that we are out of the woods” and that the rates should be held at the minimal level until the end of 2014. Ben Bernanke speaks later today amid the speculation that the Federal Reserve will conduct additional easing as the economic recovery isn’t going as smooth as the central bank thought it would. American currency weakened versus the majority of its peers ahead of the CPI release later today: the pace of consumer prices growth is seen declining from 0.4% in February to 0.2% in March. Slowing inflation would give the Fed more room for another QE. Preparing for additional stimulus from Japan The greenback and the single currency are strengthening against Japanese yen for the third day as the market’s looking forward to more easing from the bank of Japan (though USD/JPY was affected by the weak Chinese data). Today the nation’s ministers will discuss the problem of deflation. Asian stocks: Nikkei +1.2%; HK +1.6%; Shanghai +0.25%. Chart. Daily AUD/USD comment here http://www.fbs.com/analytics/2012-04-13/17289-friday-april-13-economic-news-and-outlook Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 13, 2012 Author Share Posted April 13, 2012 "UBS lowered forecasts for USD/CAD " (2012-04-13) UBS lowered forecasts for USD/CAD Analysts at UBS think that though the Federal Reserve will start normalizing its policy the next year, the Bank of Canada will start moving in this direction earlier (the reasons – recent strength in Canada’s employment data and the fears about the housing price bubble). The specialists think that such expectations aren’t prices in the exchange rates and expect the greenback to get under pressure versus its Canadian counterpart, so they lowered forecasts for USD/CAD from 1.0100 to 0.9900 in a month and from 1.0300 to 0.9800 in 3 months. Chart. Daily USD/CAD Comment here http://www.fbs.com/analytics/2012-04-13/17291-ubs-lowered-forecasts-usdcad Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 13, 2012 Author Share Posted April 13, 2012 Standard Chartered: forecasts for majors Analysts at Standard Chartered updated ctheir currency forecasts from Q2, 2012. The specialists are bullish on the greenback and negative on the single currency as teh euro zone's facing the treat of recession and will likely keep suffering from fiscal issues. Included in the note is their euro exchange rate forecast call. Comment here http://www.fbs.com/analytics/2012-04-13/17295-standard-chartered-forecasts-majors Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 16, 2012 Author Share Posted April 16, 2012 "BT: bearish view on euro and Aussie" (2012-04-16) BT: bearish view on euro and Aussie Analysts at fund manager BT Investment Management expect Australian dollar and euro lose versus the greenback to 0.9500 and $1.25 respectively. The specialists note that “the next leg of the European crisis is building now” and all eyes are for Spain. In their view, the ECB will have to resume bond buying. As for Australia’s prospects, the firm says that the nation’s growth is “clearly slowing” due to the negatives from China and Treasurer Wayne Swan’s plans for record budget cuts. Economists surveyed by Bloomberg expect Australian’s GDP to add 3-3.5% in 2012, but BT Investment Management thinks this figure is lower and equals 2.5%. Chart. Daily AUD/USD Comment here BT: bearish view on euro and Aussie // FBS Markets Inc. Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 16, 2012 Author Share Posted April 16, 2012 "BoC is unlikely to raise interest rate"(2012-04-16) BoC is unlikely to raise interest rate The Bank of Canada meets on April 17. The analysts expect the central bank to keep the rates unchanged at 1%. Then the BOC will release full domestic and international assessment April 18. On Thursday, April 12, Canada’s trade surplus declined to C$0.3 billion vs. C$2.2 billion expected and C$1.9 billion in February. However, many analysts believe the economy will continue demonstrating moderate growth. The median forecast in a Reuters poll of 40 economists shows the next interest rate hike will come in the second quarter of 2013. RBC Economics: With U.S. auto sales remaining robust during the first quarter of 2012, we expect the Canada’s automotive and energy export to return to positive growth in subsequent months. We forecast an annualized increase in GDP of 2.5%. The external risks remain sizeable, so the BOC is unlikely to raise the overnight interest rate level. CIBC Economics: The February trade report was downbeat for estimates of Q1 growth, but the quarterly GDP is still expected to grow by 2%. The BOC is becoming less worried about Europe blowing up and more encouraged by U.S. economic performance, but a change in the policy rate soon is unlikely. BMO Capital Markets: As long as the U.S. data remain unstable and the European debt problems unresolved, the BoC will be loathe adding negative drag to the domestic economy by tightening lending conditions. However, some specialists warn the Bank of Canada may change its monetary policy tone to a more hawkish. UBS: The BoC’s growing fears about household leverage and rapid house price gains have led to suggestions that it may even resort to rate hikes purely to mitigate bubble risks. Chart. Daily USD/CAD Comment here http://www.fbs.com/analytics/2012-04-16/17309-boc-unlikely-raise-intest-rate Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 16, 2012 Author Share Posted April 16, 2012 "Key options expiring today"(2012-04-16) Key options expiring today Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (2 p.m. GMT). Here are the key options expiring today: EUR/USD: $1.3025, $1.3100, $1.3115, $1.3120, $1.3150; GBP/USD: $1.5850; EUR/CHF: $1.2000; USD/CHF: 0.9200; USD/JPY: 80.00; AUD/USD: $1.0280, $1.0350; EUR/AUD: 1.2650; USD/CAD: 1.0000. Photo from Reuters Comment here http://www.fbs.com/analytics/17313-key-options-expiring-today Quote Link to comment Share on other sites More sharing options...
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