The document is a 10-page daily newsletter from EconoTimes covering global markets and economic news. It includes sections on market recaps, economic data previews, top news stories, fundamental and technical analysis of currencies and commodities, forecasts from economists, and trade ideas. The newsletter is intended to keep readers informed about economic and financial market developments.
Epic Research offers perfect Forex Signals for their clients that gives accurate results. Our research team with its past experience prepares live charts and track-sheets of I-Forex Signals through which traders can earn maximum profit from the market place. This report helps you to achieve desired success in the Bursa Malaysia Stocks.
Gold closed higher today at 1274 and tried to break through resistance in the 1278/79 area. RSI is at 61.13, and is testing resistance at the previous high of 62.
Epic Research offers perfect Forex Signals for their clients that gives accurate results. Our research team with its past experience prepares live charts and track-sheets of I-Forex Signals through which traders can earn maximum profit from the market place. This report helps you to achieve desired success in the Bursa Malaysia Stocks.
Gold closed higher today at 1274 and tried to break through resistance in the 1278/79 area. RSI is at 61.13, and is testing resistance at the previous high of 62.
If you are beginner in the International Market at SapForex24 is introducing the best Free Forex Signals and for your good position in Economic World.
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Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
Usdinr ends 2 mo low on fii inflows into local stocks subdued dlrRoute Forex
Dollar/rupee ended two months low on Thursday on likely FII inflows into the local stocks amid subdued dollar after release of weak US economic data. Rupee ended up on selling by banks on behalf of overseas investors who bought into local stocks. Also dollar remained subdued after disappointing US economic data realease. Local stocks indices ended Thursday's lacklustre session marginally higher as most of the concerns that led to underperformance this year have been result of rising oil prices and political uncertainty have hit their peak in terms of negativity.
Epic Research Malaysia is famous forex advisors, Our Foreign Exchange market expert recommended Forex Trading Signals, Forex Tips, Currency Trading Strategy, live forex pairs signals for better profit.
(Charts of the day) SA mining and manufacturing production contracts on an annualised basis, manufacturing contraction eases
(Currencies) Rand strengthens against USD, but rises above R11.00 in NY session; euro and pound weaken overnight after intraday
gains in the local session
(Equities) Top 40 rises 0.16%, led by resources; US equities downbeat; Asian markets follow negative this morning
(Economics) US initial jobless claims fall, wholesale inventories rise on lower sales; BOE leaves interest rate unchanged
Dear All,
The credit rally is cooling off, equity markets are continuing to rise and geopolitical tensions remain.
We still believe 2018 will be a year of synchronised growth, accomodative monetary policies (ECB, PBOC, BoJ) where earnings growth will support equity valuations.
Please find our CIO's Investment Outlook for financial markets in 2018.
We wish you a prosperous new year.
Kindest Regards
Daily klse malaysia report by epic research malaysia 1st september 2014Epic Research Pte. Ltd.
Epic Research provides daily market report in KLSE , Forex and Comex and gives update to help you make informed decision. It also gives advise about financial investment to achieve profitable returns by going long and short in market.
If you are beginner in the International Market at SapForex24 is introducing the best Free Forex Signals and for your good position in Economic World.
Read More:- http://www.sapforex24.com/
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
Usdinr ends 2 mo low on fii inflows into local stocks subdued dlrRoute Forex
Dollar/rupee ended two months low on Thursday on likely FII inflows into the local stocks amid subdued dollar after release of weak US economic data. Rupee ended up on selling by banks on behalf of overseas investors who bought into local stocks. Also dollar remained subdued after disappointing US economic data realease. Local stocks indices ended Thursday's lacklustre session marginally higher as most of the concerns that led to underperformance this year have been result of rising oil prices and political uncertainty have hit their peak in terms of negativity.
Epic Research Malaysia is famous forex advisors, Our Foreign Exchange market expert recommended Forex Trading Signals, Forex Tips, Currency Trading Strategy, live forex pairs signals for better profit.
(Charts of the day) SA mining and manufacturing production contracts on an annualised basis, manufacturing contraction eases
(Currencies) Rand strengthens against USD, but rises above R11.00 in NY session; euro and pound weaken overnight after intraday
gains in the local session
(Equities) Top 40 rises 0.16%, led by resources; US equities downbeat; Asian markets follow negative this morning
(Economics) US initial jobless claims fall, wholesale inventories rise on lower sales; BOE leaves interest rate unchanged
Dear All,
The credit rally is cooling off, equity markets are continuing to rise and geopolitical tensions remain.
We still believe 2018 will be a year of synchronised growth, accomodative monetary policies (ECB, PBOC, BoJ) where earnings growth will support equity valuations.
Please find our CIO's Investment Outlook for financial markets in 2018.
We wish you a prosperous new year.
Kindest Regards
Daily klse malaysia report by epic research malaysia 1st september 2014Epic Research Pte. Ltd.
Epic Research provides daily market report in KLSE , Forex and Comex and gives update to help you make informed decision. It also gives advise about financial investment to achieve profitable returns by going long and short in market.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
2. 2 www.econotimes.com
Market Recap
● European shares plunged as weak earnings and oil
slump weigh on markets before FOMC meeting to-
day. Pan-European FTSEurofirst 300 dropped just
over 0.5pct in early trading. UK's FTSE fell 0.1 pct,
Germany's DAX fell 0.4 percent and France's CAC
lost 0.2 pct.
● Tokyo's Nikkei closed up 2.7pct, Shanghai Com-
posite Index closed down 0.5 percent at 2,735.56
points while China's CSI300 Index dropped 0.3 pct
at 2,930.35 points. HK’s Hang Seng Index finished
up 1.0 pct at 19,052.45 points.
● Oil futures dropped after an unexpected increase
in U.S. inventories wiped out the optimism over the
potential for the world's largest exporters to scale
back output enough to stem a 19-month-long price
fall. Brent crude fell 55 cents to $31.25 per barrel
by 0924 GMT. U.S. crude futures dropped 94 cents
to $30.51 a barrel.
● Gold was trading near a 12-week peak supported
by a softer dollar as investors await the outcome of
the FOMC meeting. Spot gold was flat at $1,119.46
an ounce by 0630 GMT, U.S. gold for February de-
livery was little changed at $1,120 per ounce.
Treasuries
● Bond markets were keenly waiting for Fed's post-
meeting statement, due at 1900 GMT. Markets now
expect only one more rate hike in 2016 rather than
the four Janet Yellen and her colleagues suggested
in December.
● The benchmark 10-year U.S. Treasury note yield
fell around 2bp overnight to 1.9941. The more in-
terest-rate-sensitive 2yr yield hovered at 0.8567.
● UK Gilts opened 18 ticks higher than the settle-
ment of 119.27, as predicted, as Gilts played catch
up to a late rally into the close from the euro zone.
Buyers drew further support from the below fore-
cast January Nationwide House Prices which came
in below forecast.
● In Europe, yields were slightly lower as small in-
creases in French consumer and industry sentiment
and Italian retail sales did little to alter expecta-
tions that the European Central Bank is on track to
lower its interest rates again. Italian 10-year bond
yields fell 3 bps to 3-week low of 1.48 percent.
● New Zealand government bonds gained, sending
yields 2.5 bps lower at the long end of the curve.
Australian government bond futures were mixed,
with the 3-year bond contract down 4 ticks at
98.060. The 10-year contract was half a tick higher
at 97.3100, while the 20-year contract was 2 ticks
firmer at 96.8300.
Market Briefs
● DXY flat at 98.990, GBP index off 0.35%, EUR up
0.15%
● EUR/USD struggling for direction-1.0851-1.0882
range
● USD/JPY also tight 118.05-118.47
● US Crude down 3.8%, Brent 2.8% lower-Kremlin
view noted
● GBP/USD 1.4292-1.4351 and on lows into NY
● UK Jan Nationwide house prices +0.3% m/m vs
+0.8% previous, +0.6% expected.
● UK Dec Mtg approvals hit a 7 month low.
● Germany Feb GFK Consumer Sentiment remains
unchanged at 9.4, 9.3 expected
● Germany Govt lowers 2016 GDP forecast to 1.7%
from 1.8% previous.
● Thursday June 23 mooted Brexit referendum Date
–Evening Standard.
● Kremlin-no specific plans for possible coordinated
action on oil.
● China Dec industrial profits -4.7% y/y, Jan-Dec -
2.3%.
● Iran has warned U.S aircraft carrier to leave Sea of
Oman.
Institutional Positions
● Stay long EUR/AUD in cash as euro shorts are substan-
tially larger and AUD shorts substantially smaller than dur-
ing the autumn 2015 sell-off- J.P. Morgan.
● Keep strategic JPY exposure by adding a one-touch calen-
dar spread in NZD/JPY- J.P. Morgan.
● Take tactical profits on short USD/JPY (held as a covered
put) ahead of the BOJ (40% chance of the BOJ pulling for-
ward further easing)- J.P. Morgan.
● Long AUD/NZD, expecting it to reach 1.10 by year-end,
long AUD/KRW, targeting 920- BoFA Merrill Lynch.
● Short EUR/SEK, as the ECB is expected to do more than
the Riksbank this year, in response to more severe defla-
tion risks- BoFA Merrill Lynch.
● We are short EUR/JPY, expecting it to weaken to 114
from currently 128 by the end of the year- BoFA Merrill
Lynch.
● We remain long an ice Brent Dec’16 $60 versus $70 call
spread- J.P. Morgan.
● We stay short Jun’16 vs. jun’17 ice Brent crude oil on ex-
pectations of these further stock builds- J.P. Morgan.
3. Economic Data Preview
● (1400 ET/1900 GMT) The U.S. Federal Reserve's
FOMC two-day meeting on interest rate concludes,
followed by the statement.
● (1000 ET/1500 GMT) The new U.S. single-family
home sales likely rose 2pct to a 500,000-unit pace
in December, an indication that housing remains on
firmer footing even as the economy is slowing.
● (1500 ET/2000 GMT) The RBNZ is set to announce
its interest rate decision that is likely to stand pat
at 2.5 pct.
● (1645 ET/2145 G MT) The Statistics New Zealand
releases its data on trade balance, exports and im-
ports for December.
Key Events
● No major events scheduled.
Top News
● The Federal Reserve is expected to leave interest
rates unchanged on Wednesday and acknowledge
that turmoil in financial markets threatens its up-
beat view of the U.S. economy, leaving the chances
of a March hike diminished but alive.
● Germany has trimmed its 2016 economic growth
forecast to 1.7pct from a previous estimate of 1.8
percent, the government said on Wednesday, as an
economic slowdown in emerging markets puts a
strain on exporters in Europe's largest economy.
● U.K. house prices rose at a slower pace than an-
ticipated in January, although momentum in the
housing market looks set to pick up through 2016
as a whole, mortgage lender Nationwide said on
Wednesday.
● French consumer confidence rose to 97 in January,
the same level as in November, when it reached its
highest in more than eight years, the official INSEE
statistics agency said on Wednesday.
● Sentiment among Italian businesses fell sharply in
January but consumer morale rose to a new record
high, data showed Wednesday.
● Activity in China's vast factory sector likely con-
tracted for the sixth consecutive month in January,
a Reuters survey showed, underlining a weak start
for the year and heightening concerns of a deeper
economic slowdown.
● Bank of Japan policymakers would prefer to hold
back additional monetary easing at their meeting
on Friday, people familiar with the central bank's
thinking say, though global market volatility could
yet force their hand.
● U.S. consumer sentiment improved in January de-
spite a stock market rout and house prices acceler-
ated in November, suggesting underlying strength
in the economy despite a sharp growth slowdown
in recent months.
3 www.econotimes.com
4. 4 www.econotimes.com
FundamentalAnalysis
Expect no policy action at FOMC meet, March also likely to
be a close call
The FOMC is largely expected to remain patient in the current
environment at its 26-27 January 2016 meeting and its out-
look for the labor market and inflation is unlikely to change
materially. Focus will remain on the following statement and
market participants will be looking closely for clues regarding
a possible March rate hike. Data since the December Fed
meeting has definitely not been supportive of further tighten-
ing any time soon. The FOMC has emphasized the importance
of incoming data to their decisions going forward. And in the
current scenario a March increase also looks like a close call.
The Fed is expected to keep the Fed funds rate target un-
changed at 0.25-0.50%, and may sound dovish in the accom-
panying statement. Much has happened since December
2015 meeting, following the initial lift-off. The oil price has
slumped further, owing to the renewed concerns about the
slowdown in the Chinese economy and Middle-East tensions.
The US equity markets have had the worst start to the year,
long-term market inflation expectations have declined and
data have been weak. The statement is likely to acknowledge
these developments. The subdued core inflation will probably
give the Fed time to stay patient before moving on with the
next hike.
The Fed has on several occasions communicated that it will
monitor incoming data and the financial conditions before
moving on with the next hikes. It is definitely going to be a
tough task for the FOMC to acknowledge the recent deterio-
ration in economic and financial conditions while at the same
time keep the door open for a possible interest rate move in
March should the recent deterioration proves temporary.
"We expect the Fed to recognize that two months are not enough
to ensure that the upturn remains on track. We think the FOMC
will reinstate phrases that it ‘is monitoring global economic and
financial developments’ (or something similar), which were re-
moved in the December statement", says Danske Bank in a re-
search note.
Markets also worry that the Fed might tighten too much too
quickly, especially since US data has disappointed recently.
This was evidenced in a relief rally post Bullard's comments in
which he expressed his concerns about the falling inflation
expectations. Markets have priced in one full hike this year
and one hike next year. They have assigned a 25% probability
of the second hike in March, 36% in April and 56% in June.
‚Our central scenario assumes a March increase and a total of
three hikes this year. Admittedly, March looks like a close call at
the moment given the recent slowdown in activity and tighter
financial conditions." says SocieteGenerale in a report.
The dollar remained subdued, struggled to hold ground on
Wednesday as the market await for clues on interest rate
policy from the Federal Reserve. The dollar index was barely
changed, 0.01 percent down at 99.026 at 0940 GMT. At the
time of writing, EUR/USD was trading at 1.0867, while USD/
JPY was at 118.24.
5. 5 www.econotimes.com
Economy Watch
● China will not cause sizeable negative spillovers to the global economy by showing that the trade, portfolio and commodity
channels suggest otherwise- BoFA Merrill Lynch.
● China is on track to deliver 6.6% growth this year supported by rebalancing to services and stabilization of the property
sector- BoFA Merrill Lynch.
● Barclays: Mexico’s labor market remains unpressured as the unemployment rate remains above the pre-crisis levels (below
3.5%) and might remain above for the whole year, as economic activity will likely stay modest.
● Reuters Survey-ECB to allot 68.0 bln euros at weekly and 16.0 bln euros at 3-month tenders (65.197 bln; 18.125 bln euros
maturing).
● Reuters Survey-50 pct chance European Central Bank increases monthly asset purchases in March –traders.
● Greek central bank chief Stournaras expects 0.2 pct economic contraction for 2015.
● Greek central bank chief says economy to stay in recession in H1 2016.
● Greek central bank chief says successful completion of bailout review will improve economic climate.
● Greek central bank chief says Greek economy can rebound in 2016.
● Brazil's 2017 GDP growth forecast 0.80 pct vs 1.00 pct previous week - Weekly central bank survey.
● Brazil's 2016 GDP growth forecast -3.00 pct vs -2.99 pct previous week - Weekly central bank survey.
● Brazil's 2017 inflation forecast 5.65 pct vs 5.40 pct previous week - Weekly central bank survey.
● Brazil's 2016 inflation forecast 7.23 pct vs 7.00 pct previous week - Weekly central bank survey.
● German govt lowers GDP growth forecast for 2016 to 1.7 pct from 1.8 pct previously.
● German govt says federal budget will also be balanced in 2016, no need to take in net new debt.
● German govt says state debt ratio will fall below 70 pct of GDP in 2016.
● Indonesia finance minister says 2015 budget deficit around 2.57 pct of GDP.
● China statistics bureau says weak demand caused slow growth in production, sales in 2015.
Policy Watch
● Brazil's 2016 year-end Selic rate forecast 14.64 pct vs 15.25 pct previous week - Weekly central bank survey.
● We see limited room for the CBR to ease its policy in h1 16, but we still consider a revival of the easing cycle in H2 16
highly probable- Societe Generale.
● SARB to hike 25bp hike next week with risks skewed toward a 50bp move - J.P. Morgan.
● We look for further rate cuts ahead in Indonesia, Malaysia, Thailand, the Philippines, and Taiwan- J.P. Morgan.
● BOJ to ease in April by increasing the pace of purchase of JGBS, equity-linked ETFS, and J-REITS- J.P. Morgan.
● The Sonia curve is no longer pricing in a first rate increase by the BoE this year- Societe Generale.
● The subdued core inflation gives the Fed time to stay patient before moving on with the next hike- Danske Bank.
●The Fed is likely to be reluctant to raise rates in the current financial environment and with disappointing key economic fig-
ures- Danske Bank.
● Markets price in one full hike from U.S. fed this year and one hike next year.
● Markets assign a 25% probability of the second hike in March, 36% in April and 56% in June.
Trade Views
● CHF/JPY to weaken to 102 by year-end, from currently 116.8.- BoFA Merrill Lynch
● CNY will likely remain under depreciating pressure vs. the US dollar through 2016 as market forces play a more significant
role in determining its value and China gradually opens its capital account in August- Scotiabank.
● BoC to ease policy further causing further CAD weakness – Barclays.
7. 7 www.econotimes.com
Hedging Perspectives
EUR/USD diagonal straps more suitable for risk averse
Hedging sentiments in OTC markets are retrogressive to what we've been seeing from last couple of months, to keep it pre-
cise we could notice neutral to slightly bullish hedging arrangements for next 1W-1M expiries (see risk reversals for 1W-1M
expiries).
The implied volatility of ATM contracts with 1w-1m expiries inching lower and underlying pair shifting in range bounded trend
turns previous negative risk reversals into positive for 1 week's expiries and neutral for 1 month's expiries. We urge that this
situation as a rosy opportunity short term bulls as the neural delta risk reversals for next 1m contracts.
This could be attributed as bullish momentum is intensified in the spot FX market and overpriced calls eyeing on short term
upswings but keeping overall major trend to prolong bearish noises. Hence, the strategies have to be constructed so as to
match this fluctuating trend.
Although we could see a little price bounces in near term as the daily chart suggests some buying interest caused by whip-
shaws to the previous downswings that would result in some price recoveries but we maintain our target at 1.0709 levels
towards south back again in medium term, same is the OTC market indications as stated above.
As a result, we recommend building portfolio with 2 lots of long positions in 1m 0.50 delta ATM calls and 1 lot of -0.49 delta
ATM puts of 3m expiries.
Hence, this EUR/USD option strips strategy should take care of any abrupt upswings in short term and certain downswings
and yields handsome returns on the downside in long term.
Delta of far OTM options is very small which is why we've chosen ATM instrument on call. A 1-point movement in underling
pair will not have much effect on the option premium.
9. 9 www.econotimes.com
Technical Analysis
EUR/AUD faces strong support at 1.5400, good to buy at dips
● EUR/AUD has made a high of 1.5705 and declined from that level. It is currently trading at 1.5450.
● Its major support is at 1.5400 (trend line joining 1.4860 and 1.53409). EUR/AUD has broken major support 1.5400 and re-
covered quickly from that level. Any further break below 1.5400 will confirm minor trend reversal, a decline till 1.5300 is
possible.
● On the higher side upside has been capped around 1.5715 (Cloud bottom) and break above will take the pair to next level
around 1.5840.
● The minor resistance is around 1.5485 and any break above will take the pair to 1.5560/1.5600.
It is good to buyat dips around 1.5450 with SL around 1.53950 for theTPof 1.5500/1.5600
10. 10 www.econotimes.com
Trade Idea
We prefer to long GBP/JPY above 170.30
Major resistance -170.35 (Jan 22nd 2016)
● The pair has once again recovered after making a low of 166.97. It is currently trading around 169.27.
● GBP/JPY reached 170 today morning and started to decline from that level. Any break above major resistance will take the
pair to next level 172/175.
● On the downside minor support is around 168.80 and break below targets 167/164.50.
It is good to buyabove 170.30with SL around 168.80for the TP of 172/175
RESISTANCELEVELS SUPPORT LEVELS
R1-170.35 S1-168.80
R2-172.00 S2-167.00
R3-175.00 S3- 164.50