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All posts by Omkar Godbole

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AUD/USD risk reversals retrace bearish bias

AUD/USD risk reversals hit the two-week high. Currently, AUD/USD one-month 25 delta risk reversals stand at -0.90 (AUD 0.90 puts) – the highest level since Feb. 5. The recent low was -1.20 (AUD 1.2 puts). The improvement indicates the premium claimed by AUD puts has

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USD/JPY – stuck in a 40-pips range

Stuck in 106.00-106.40 range.  Risk reversals retrace JPY call bias.  USD/JPY has been restricted to a narrow range of 106.00-106.40 since Friday’s late NY trading and the risk reversals indicate the range could be breached on the higher side.  As of writing, the spot is

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NZD/USD retakes 0.74 handle

Broad-based USD weakness pushes Kiwi above 0.74.  Fears of trade war may hurt risk assets.  Kiwi found bids at 0.7376 in early Asia and rose to a session high of 0.7407, boosting the odds of a move higher to 0.7500 levels this week. Analysts at

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BOJ to delay taper due to stronger Yen – Bloomberg survey

Bank of Japan ‘s (BOJ) powerful stimulus will likely continue under Kuroda and the yen’s recent rise could make policy normalization even more remote, shows a Bloomberg survey of 26 economists following Abe’s nomination of Kuroda and new deputies Masayoshi Amamiya and Masazumi Wakatabe. Further,

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Is GBP/JPY building base below 149.00?

The chart shows multiple daily lows around 148.90. Japan logs trade deficit in January, Tankan index dropped in Feb. Four out of last six candles on the GBP/JPY daily chart show intraday low in the 148.90 neighborhood. Further, last Wednesday’s “long-tailed” doji also indicated the

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Japanese exports rose for 14th straight month in January

Japan reported an uptick in exports for the 14th consecutive month in January, indicating the activity continues to benefit from the improved economic conditions in Europe and Asia.  Exports rose 12.2 percent in January, beating the estimated rise of 10.3 percent, still, the trade balance