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FxWirePro: USD/ZAR rejects key support at 14.10 mark, bias turns bullish again

FxWirePro: Japanese yen remains almost unchanged after CPI, core CPI data

FxWirePro: USD/TWD hovers around 31.00 mark, stay bullish only above 31.02 mark

FxWirePro: Singapore dollar rises in early Asia, downside limited

FxWirePro: NZD/CHF ignores 'gravestone doji' formation, bounces off 55-EMA support, bias higher

FxWirePro: USDCHF breaks flag resistance at 0.9920, jump till 1.00680 likely

FxWirePro: Gold trades steady despite strong US dollar; weakness in global stock market supports yellow metal, good to buy on dips

FxWirePro: Silver remains well supported above $14.50 mark, further sideways movement likely

FxWirePro: AUD/USD edges higher, sharp drop in Australia jobless rate buoys Aussie

FxWirePro: Chinese yuan remains unchanged after mixed economic data

FxWirePro: WTI slips below 69 mark, eyes 200-DMA at 67.36, stay short

FxWirePro: USDCHF trades above major resistance 0.9955, good to buy on dips

FxWirePro: CHFJPY trades weak, slightly bullish only above 113.50

FxWirePro: GBP/USD trades lower on weak UK retail sales and Brexit failure, good to sell on rallies

FxWirePro: EUR/KRW consolidates around 1,302 mark, bias remains neutral

FxWirePro: DXY trade idea

FxWirePro: USD/ZAR trades in narrow range, good to buy on dips

FxWirePro: GBP/USD trades slightly weak after weaker than expected UK Construction PMI, good to sell on rallies

Wednesday, January 3, 2018 9:52 AM UTC
0
comments

Candle stick pattern – Bearish engulfing pattern (One hour chart)

Cable hits high of 1.36125 at the time of writing and shown a minor decline from that level. The slight dip was mainly due to weaker than expected UK construction PMI data. The pair declined only 8 pips after the data. The rise in pound sterling was mainly due to weakness in US dollar index. The pair hits low of 1.3858 and is currently trading around 1.35906.

UK manufacturing PMI which came yesterday also came slightly below expectations .it came at 56.3 for the month of Dec compared to forecast of 57.90. Britain’s construction PMI came at 52.2 vs forecast of 53. The new orders came in at 53.1 highest since May 2017.

On the lower side, near term support is around 1.3545 (55 H EMA) and any break below will drag the pair to next level till 1.3500/1.3460 (200- H EMA)/1.3435. Short term bullish invalidation only below 1.30280.

The near term resistance is around 1.3600 and any break above will take the pair to next level till 1.3655/1.3700. Bullish continuation only above 1.3650.

It is good to sell on rallies around 1.3575-80 with SL around 1.3630 for the TP of 1.3500/1.3460.

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October 20 01:30 UTC Released

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8.4

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7.3

January 31 00:00 UTC 378034378034m

ARAnnual Primary Balance*

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2016 bln ARS

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January 31 00:00 UTC 378034378034m

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January 22 19:00 UTC 389854389854m

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-1541 %

January 31 00:00 UTC 378034378034m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 389854389854m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 378034378034m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 378034378034m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 378034378034m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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