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FxWirePro: USD/INR remains well supported below 72.00 mark, further downside movement likely

FxWirePro: DXY downside capped by 10 day MA, good to buy on dips

FxWirePro: EUR/KRW moves directionless since last 2-week, stay neutral

FxWirePro: EURUSD pares gains after resignation of UK Brexit Minister Raab, good to sell on rallies

FxWirePro: USD/JPY minor trend in rising channel, major trend still stuck in range – Trade tunnel spread on shooting star and OB pressures

FxWirePro: South African rand rises gradually against U.S. dollar, good to sell on rallies

FxWirePro: XAG/USD moves in stiff boundaries, stay bullish only above $14.32 mark

FxWirePro: GBP/AUD tests 78.6% Fib at 1.7592, break below to see further weakness

FxWirePro: Taiwanese dollar trades marginally lower in early Asia, stay bullish

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FxWirePro: USD/THB consolidates around 32.94 mark, sustained close above requires for upside rally

FxWirePro: GBP/USD shows wild swing on continuous Brexit news, good to buy on dips

FxWirePro: USD/ZAR hovers around key support at 14.15 mark, sustained close below requires for downside rally

FxWirePro: USD/SGD trades in narrow range, faces key resistance at 1.3790 mark

FxWirePro: GBP/JPY shows see-saw movement on Brexit deal hope, good to buy on dips

FxWirePro:USD/CHF downside capped by trend line support, good to buy on dips

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

November 16 16:00 UTC Released

USKC Fed Manufacturing

Actual

24 Mln

Forecast

Previous

5 Mln

November 16 16:00 UTC Released

USKC Fed Composite Index

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15 Bln USD

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8 Bln USD

January 31 00:00 UTC 417234417234m

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January 22 19:00 UTC 429054429054m

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-1541 %

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-1541 %

January 31 00:00 UTC 417234417234m

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 417234417234m

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 417234417234m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

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