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FxWirePro: Kiwi rises in early Asia on robust trade balance data

FxWirePro: Indian rupee falls gradually against U.S. dollar, stay bullish

FxWirePro: LTCUSD break trend line support around 127, dip till 109 likely

FxWirePro: Thai baht trades almost flat against U.S. dollar, consistent close above 32.10 requires for upside rally

FxWirePro: GBP/JPY declines sharply almost 100 pips, markets eye UK CPI report

FxWirePro: Bitcoin cash trend slides through sloping channel with hanging man and doji patterns, both momentum and trend indicators signal below 1,180

FxWirePro: Chinese yuan falls in early Asia, PBOC sets yuan mid-point at 6.3773

FxWirePro: GBP/USD Trade idea

FxWirePro: USD/CAD recovers as NAFTA uncertainty lingers, good to buy on dips

FxWirePro: EUR/KRW trades in narrow range, sustained close below 1,266 requires for downside rally

FxWirePro: USD/ZAR moves in stiff boundaries, faces key resistance at 12.70 mark

FxWirePro: Gold recovers slightly on rising geopolitical tensions, good to buy on dips

FxWirePro: Japanese yen appreciates on favourable Reuters Tankan index

FxWirePro: XAG/USD hovers around $16.50 mark, stay bearish only below $16.48

FxWirePro:Nikkei trades lower as geoploticial tenisons grows, good to sell on rallies

FxWirePro: NZD/USD edges lower from session highs, finds stiff resistance at 21-EMA (0.70)

FxWirePro: USD/THB rejects key support at 31.97 mark, upside limited

FxWirePro: USD/CNY trades in narrow range after China’s CPI, PPI data

Friday, February 9, 2018 6:50 AM UTC
0
comments
  • USD/CNY is currently trading around 6.3214 marks.
     
  • It made intraday high at 6.3315 and low at 6.3156 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A sustained close above 6.3221 marks will test key resistances at 6.3436, 6.3649, 6.3855 and 6.4017 marks respectively.
     
  • Alternatively, a daily close below 6.3221 will drag the parity down towards key supports at 6.2980, 6.2850, 6.2584, 6.2322, 6.2196 and 6.1907 marks respectively.
     
  • PBOC sets yuan mid-point at 6.3194 / dlr.
     
  •  Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
     
  • China Jan CPI y/y decrease to 1.5 % (forecast 1.5 %) vs previous 1.8 %.
     
  • China Jan CPI m/m increase to 0.6 % (forecast 0.7 %) vs previous 0.3 %.
     
  • China Jan PPI y/y decrease to 4.3 % (forecast 4.4 %) vs previous 4.9 %.

We prefer to take long position on USD/CNY only above 6.3400, stop loss at 6.2810 and target of 6.3649/6.3855.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

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Economics Monitor

May 24 00:00 UTC Released

KRBank of Korea Base Rate

Actual

1.5 %

Forecast

1.5 %

Previous

1.5 %

May 24 00:00 UTC Released

SGGDP Final QQ

Actual

1.7 %

Forecast

1.4 %

Previous

1.4 %

January 31 00:00 UTC 162976162976m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 162976162976m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 174796174796m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 162976162976m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 174796174796m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 162976162976m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 162976162976m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 162976162976m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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