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FxWirePro: Nikkei trades lower follows footstep pf Wall Street , good to sell on rallies

FxWirePro: Gold trades steady on weak global stock market, good to buy on dips

FxWirePro: Singapore dollar rises gradually against U.S. dollar, further downside rally likely

FxWirePro: USD/CHF trades weak on trade war tensions and weak global stock market, good to sell on rallies

FxWirePro: WTI Crude Chartpack – Technicals and Trade Setup

FxWirePro: EURUSD Trade Idea

FxWirePro: EUR/JPY minor trend drifts in sideways amid tug of war between hammer and shooting star, major trend still stuck in range

FxWirePro: USD/TWD hovers around key resistance at 30.95 mark, Taiwan’s economic data in focus

FxWirePro: USD/JPY subdued amid weakness in Asian equities, upside capped at 55-EMA

FxWirePro: Chinese yaun trades flat at 6.94 mark, PBOC sets yuan mid-point at 6.9280

FxWirePro: AUD/CHF fails to extend break above 200-DMA, good to stay short on upticks

FxWirePro: S&P500 struggles to break above 200- day MA, good to sell on rallies

FxWirePro: AUD/CAD rejected at 200-DMA, bearish divergence on Stochs keeps scope for further downside

FxWirePro: CHF/JPY Daily Outlook

FxWirePro: Copper extends choppy trade below 110-EMA, good to go long on break above

FxWirePro: EUR/KRW hits fresh 3-week high at 1,291 mark, sustained close above targets 1,327 mark

FxWirePro: South Korean won trades marginally lower in early Asia, stay bullish only above 1,291 mark

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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2018-11-21 01:15:24
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CHINA 7-DAY REPO OPENS AT 2.6500 PCT VERSUS 2.6698 PCT WEIGHTED AVERAGE PREVIOUS CLOSE
2018-11-21 01:11:50
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BOJ offers to buy Y 100 bln Treasury Discount Bills outright from 11/22
2018-11-21 01:00:47
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TAIWAN STOCKS OPEN DOWN 0.5 PCT AT 9,698.52 POINTS
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AUSTRALIA'S S&P/ASX 200 INDEX DOWN 1.16 PCT AT 5,606.20 POINTS IN EARLY TRADE
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S.KOREA NOV 1-20 AVG EXPORTS PER WORKING DAY +5.7 PCT Y/Y - CUSTOMS AGENCY
2018-11-21 00:51:18
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S.KOREA NOV 1-20 TRADE BALANCE $+0.34 BLN - CUSTOMS AGENCY
2018-11-21 00:51:06
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S.KOREA NOV 1-20 IMPORTS +12.8 PCT Y/Y - CUSTOMS AGENCY
2018-11-21 00:50:54
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S.KOREA NOV 1-20 EXPORTS +5.7 PCT Y/Y - CUSTOMS AGENCY
2018-11-21 00:50:31
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SEOUL SHARES OPEN DOWN 1.22 PCT
2018-11-21 00:50:12
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SOUTH KOREAN WON OPENS ONSHORE TRADE AT 1,130.3 PER DOLLAR VS 1,125.8 AT PREVIOUS CLOSE
2018-11-21 00:49:45
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TOKYO'S NIKKEI SHARE AVERAGE OPENS DOWN 1.37 PCT AT 21,286.81
2018-11-20 21:00:49
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BRAZIL'S BOVESPA CLOSED AT 87,900.83, DOWN -0.69%
2018-11-20 21:00:35
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CANADA'S S&P/TSX COMPOSITE CLOSED AT 14,873.16, DOWN -1.31%
2018-11-20 21:00:25
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NASDAQ UNOFFICIALLY CLOSES DOWN 117.22 POINTS, OR 1.67 PERCENT, AT 6,911.26
2018-11-20 21:00:20
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S&P 500 UNOFFICIALLY CLOSES DOWN 49.10 POINTS, OR 1.82 PERCENT, AT 2,641.63
2018-11-20 21:00:14
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DOW JONES UNOFFICIALLY CLOSES DOWN 555.12 POINTS, OR 2.22 PERCENT, AT 24,462.32
2018-11-20 20:49:40
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U.S. 10-YEAR TIPS BREAKEVEN RATE SLIPS TO LOWEST LEVEL SINCE EARLY JANUARY, LAST AT 1.981 PCT - TRADEWEB DATA
2018-11-20 20:49:35
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U.S. 5-YEAR TIPS BREAKEVEN RATE FALLS TO LOWEST LEVEL SINCE LATE DECEMBER, LAST AT 1.832 PCT - TRADEWEB DATA
2018-11-20 20:49:25
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U.S. TIPS INFLATION BREAKEVEN RATES SINK AS U.S. OIL PRICES TUMBLE TO LOWEST LEVELS IN 13 MONTHS
2018-11-20 20:39:28
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TURKISH FOREIGN MINISTER SAYS DISCUSSING WITH U.S. OFFICIALS WHETHER HALKBANK EXECUTIVE HAKAN ATILLA CAN BE SENT BACK TO TURKEY FOR THE REMAINDER OF HIS SENTENCE
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Economics Monitor

November 20 14:30 UTC Released

TRCentral Govt Debt Stock

Actual

1084 Bln TRY

Forecast

Previous

1121 Bln TRY

November 20 13:30 UTC Released

USBuild Permits: Change MM

Actual

-0.6 %

Forecast

Previous

1.7 %

January 31 00:00 UTC 423442423442m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 423442423442m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 435262435262m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 423442423442m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 435262435262m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 423442423442m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 423442423442m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 423442423442m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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