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FxWirePro: Singapore dollar remains almost unchanged after GDP data, further sideways movement likely

FxWirePro: Gold recovers on declining US bond yield,good to buy on dips

FxWirePro: South Korean won trades marginally lower as current account data misses expectations

FxWirePro: EURUSD trade Idea

FxWirePro:USD/CAD Trade Idea

FxWirePro: CAD/JPY Double Top Formation in Minor Trend, Head and Shoulder in Major Trend – Trend Tunnel Spread and Short Hedge

FxWirePro: GBP/AUD finds major support at 0.7980, good to stay short on break below

FxWirePro: USDCHF Daily Outlook

FxWirePro: Silver trades in narrow range, stay bullish only above $15.62 mark

FxWirePro: EUR/NZD Trade Idea

FxWirePro:USD/CAD hits 1-week high on weak Canadian manufacturing sales, good to buy on dips

FxWirePro: EUR/CAD slips below 78.6% Fib at 1.4944, bias lower, stay short

FxWirePro:S&P500 trades higher for fourth consecutive day on US-China trade optimism, jump till 2820 likely

FxWirePro: Chinese yuan falls in early Asia on the back of lower than expected CPI, PPI data

FxWirePro: FTSE100 hits 2-1/2 month high following footsteps of global market, jump till 7314 likely

FxWirePro: USD/THB back below 31.30 mark, stay bearish

FxWirePro:EURUSD trades lower after stall German GDP data,good to sell on rallies

FxWirePro: USD/CNY hits fresh 6-month high at 6.5406 mark, PBOC sets yuan mid-point at 6.4893

Monday, June 25, 2018 6:54 AM UTC
0
comments
  • USD/CNY is currently trading around 6.5322 marks.
     
  • It made intraday high at 6.5406 and low at 6.5008 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 6.4899 marks.
     
  • A sustained close above 6.5026 marks will test key resistances at 6.5407, 6.5580, 6.5858 and 6.6042 marks respectively.
     
  • Alternatively, a daily close below 6.5026 will drag the parity down towards key supports at 6.4899, 6.4639, 6.4378, 6.4125 and 6.4017 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
     
  • PBOC sets yuan mid-point at 6.4893 / dlr vs last close 6.4950.

We prefer to take long position on USD/CNY around 6.5250, stop loss 6.5000 and target of 6.5580/6.5749.

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Economics Monitor

February 15 21:00 UTC Released

UST Flows,Incl.Swaps

Actual

-66.6 Bln USD

Forecast

Previous

25.3 Bln USD

February 15 21:00 UTC Released

USOverall Net Capital Flows

Actual

-33.1 Bln USD

Forecast

Previous

31 Bln USD

January 31 00:00 UTC 551274551274m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 551274551274m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 563094563094m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 551274551274m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 563094563094m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 551274551274m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 551274551274m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 551274551274m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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