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FxWirePro: AUD/NZD extends gains above 200-DMA, targets 61.8% Fib at 1.0983

FxWirePro: GBP/NZD finds strong support at 100-DMA. good to go short on break below

FxWirePro: Japanese yen depreciates in early Asia as Tokyo core CPI data misses expectations

FxWirePro: USD/ZAR rejects key support at 12.38 mark, bias remains slightly bullish

FxWirePro: USD/JPY recovery lacks traction, struggles to hold break above 21-EMA, good to go short on rallies

FxWirePro: Go long on XAG/USD around $16.58 with stop loss at $16.53 and target of $16.80

FxWirePro: AUD/JPY pauses downside at 50-DMA support, further weakness only on break below

FxWirePro: Indian rupee trades marginally higher against U.S. dollar, faces strong resistance at 68.43 mark

FxWirePro: 50-DMA caps upside in AUD/CAD, break above targets 38.2% Fib at 0.9817

FxWirePro: EUR/JPY Trade Idea

FxWirePro: XAG/USD remains well supported above $16.40 mark, faces immediate resistance at $16.57 mark

FxWirePro: South African rand trades marginally lower ahead of interest rate decision

FxWirePro: Singapore dollar trades marginally lower ahead of manufacturing output data

FxWirePro: EUR/USD hits fresh 2018 low, goods to sell on rallies

FxWirePro: EUR/CHF breaks below 200-DMA, eyes 38.2% Fib at 1.1477, stay short

FxWirePro: USD/CAD recovers slightly on US auto tariff worries, good to buy on dips

FxWirePro: USD/CNY jumps above 6.39 mark, PBOC sets yuan mid-point at 6.3816

FxWirePro: USD/CAD Trade Idea

Thursday, February 8, 2018 11:30 AM UTC
0
comments
  • USD/CAD continuing its bullishness for fifth consecutive days. The pair jumped almost 360 pips form the low of 1.22472. The jump in prices was mainly due to rise in US 10 year bond yields and declining crude oil prices. The pair hits intraday high at 1.25914 and is currently trading around 1.25930.
     
  • US 10 year bond yield once again sparked till 2.85% after showing a minor decline till 2.74%. The reason for rise in yields is due to increase in inflation and that will increase chance of rising interest rates by Fed.
     
  • Oil prices declined almost 2.5% yesterday and hits one month low on rising US crude stock piles. US crude production hits record high of 10.25 million barrels per day. The commodity hits low of $61.31 and is currently trading around $61.63.
     
  • On the higher side, major resistance is around 1.2600 and any break above will take the pair till 1.2660/1.2700.
     
  • The near term support is around 1.2535 (55- day EMA) and any break below will take the pair till 1.2500/1.2435.

It is good to buy on dips around 1.2575-80 with SL around 1.2535 for the TP of 1.2660/1.2700.

Resistance
 

R1-1.2600
 

R2 -1.2660
 

R3-1.2700
 

Support               
 

S1-1.2530
 

S2-1.2475
 

S3- 1.2435

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Economics Monitor

May 25 12:30 UTC Released

USDefense MM

Actual

-1.9 %

Forecast

-1 %

Previous

2.8 %

May 25 12:30 UTC Released

USAir

Actual

1 %

Forecast

0.7 %

Previous

-0.4 %

January 31 00:00 UTC 164939164939m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 164939164939m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 176759176759m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 164939164939m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 176759176759m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 164939164939m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 164939164939m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 164939164939m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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