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FxWirePro: EUR/AUD bulls and bears in major trend slide through falling wedge formation, both leading and lagging oscillators in conformity

Feb 20, 2017 09:16 am UTC| Technicals

Please note that the price behavior has been sliding through falling wedge formation which is bearish in nature on both weekly and monthly charts, after breaking major supports at 1.4075 levels, bear streaks have been...

FxWirePro:CAD/JPY downside capped by 61.8% fibo, good to buy on dips

Feb 20, 2017 07:30 am UTC| Technicals

Major support 85.91 (61.8% retracement of 84.86 and 87.72). Major resistance 87.97 The pair has formed a minor top around 87.72 and declined sharply from the high till 85.91. It is currently trading around...

FxWirePro: USD/ZAR stabilizes above 13.00 mark, upside limited

Feb 20, 2017 07:16 am UTC| Technicals

USD/ZAR is currently trading around 13.10 levels. It made intraday high at 13.13 and low at 12.98 levels. Intraday bias remains slightly bullish for the moment. A daily close above 13.05 will take the...

FxWirePro: EUR/JPY holds major trendline support at 119.65, bias lower, good to short rallies

Feb 20, 2017 07:13 am UTC| Technicals

EUR attempting a tepid-bounce as markets await fresh cues from the sentiment on the European markets. German PPI above forecasts, focus now on German Bundesbank monthly report for further impetus amid a light,...

FxWirePro: Momentary slumps on cards in bullion, gold bulls struggle to retrace 61.8% Fibonacci levels – Speculate slumps and hedge upside risks

Feb 20, 2017 06:36 am UTC| Technicals

Amid theintermediate uptrend, gold prices have almost retraced up to 61.8% from the lows of 1046.54 to the recent highs of 1244.71 levels in the consolidation phase, currently struggling at 1233.31 levels. On 4H charts,...

FxWirePro: XAG/USD remains well supported below $18.00 mark, short term trend reversal likely

Feb 20, 2017 06:25 am UTC| Technicals

XAG/USD is currently trading around $17.92 marks. It made intraday high at $18.00 and low at $17.87 levels. Intraday bias remains bearish till the time pair holds key resistance at $18.12 mark. A daily close...

FxWirePro: NZD/JPY breaks below 50-DMA, good to go short on rallies

Feb 20, 2017 06:16 am UTC| Technicals

NZD/JPY weekly charts show weakness for the pair upto weekly 20-SMA at 79.66. Weekly 5-DMA at 81.91 is major resistance, break above invalidates bearish bias. On the daily charts, the pair is trading a narrow range...

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Economy

FxWirePro: Option power pack for EUR/AUD as Eurozone election hedge - 3-way straddle as positively skewed 2w IV signifies OTM call writing

A glimpse on fundamentals: German IP plunged, likely due to holiday distortions. German VDA car production data already point to a big rebound in January. German election thrown open by thechange in SPD...

U.K. retail sales unexpectedly slip in Jan, show first signs of fall in underlying trend since Dec 2013

Data from the Office for National Statistics (ONS), showed on Friday that U.K. retail sales volumes unexpectedly dropped by 0.3 percent compared with the previous month, widely missing analysts expectations for a 0.9...

FxWirePro: The Day Ahead- 17th February 2017

Not many economic dockets scheduled for today and all with low to medium volatility risks associated. Upcoming: Eurozone: December current account balance will be reported at 9:00 GMT, construction output numbers...

Australia's labour market report suggests plenty of spare capacity, RBA to remain on hold for an extended period

Australias January labour market report released earlier today was broadly in line with expectations. Data released by the national statistics bureau showed seasonally adjusted overall employment rose by 13,500 to...

EUR/CZK likely to dip towards 25.00 this H2, says Commerzbank

The EUR/CZK currency pair is expected to dip towards a level of 25.00 in the coming months, especially in the second half of this year. Further, Czech headline inflation is likely to overshoot the central banks 2 percent...

Politics

US under Trump Series: Learn honesty from Berkshire Hathaway’s Charlie Munger

Data from Edelman Trust Barometer of 2017 shows that the public trusts in the news media in the United States have declined to the lowest level ever. Only 32 percent of the American Public trusts the news media, which is...

What a philosopher and the Thirty Years War tell us about Donald Trump

Michel Foucault, who died more than 30 years ago, has something to tell us about Donald Trump. The French philosopher once delivered a famous lecture which sought to explain why the people of Europe had done away with the...

How will native tribes fight the Dakota Access Pipeline in court?

On Feb. 8 the U.S. Army Corps of Engineers reversed course and issued an easement allowing the installation of the Dakota Access Pipeline under Lake Oahe in North Dakota. That decision followed a presidential memorandum...

America's always had black inventors – even when the patent system explicitly excluded them

America has long been the land of innovation. More than 13,000 years ago, the Clovis people created what many call the first American invention a stone tool used primarily to hunt large game. This spirit of American...

Why America needs Marvel superhero Kamala Khan now more than ever

During the first few weeks of the Trump administration, weve seen increased pressure on Muslim and immigrant communities in the United States. In the face of these threats, which Marvel superhero might be best equipped...

Science

We need to think about redefining citizenship in the Anthropocene

The hottest year on record was 2016. It was also the year scientists advised that Earths citizens were now living in the Anthropocene, the name proposed for an epoch in which humans influence geology and environment on a...

Lab-Grown, Pork-Free Bacon For Everyone!

Bacon is one of the most popular foods among Americans, but climate change has increased the chance of a bacon shortage. With this being the case, perhaps lab-grown bacon will finally get the chance to muscle into porks...

How far they'll go: Moana shows the power of Polynesian celestial navigation

This article contains minor spoilers. One of the greatest feats of human migration in history was the colonisation of the vast Pacific Ocean by Polynesian peoples. They achieved it thanks to their sophisticated...

Immunity During Pregnancy Determined By Baby’s Sex, Study States

The immune system of pregnant women fluctuate throughout the course of the nine months carrying the child or children, this is an established fact. However, the sex of the baby as the factor has always been more of...

SpaceX To Send Super Bacteria Into Space On Valentine’s Day

Elon Musks rocket company SpaceX is slated to send a rocket up into space on February 14th carrying a very special payload. With the alarming rate of growth of drug-resistant superbugs on Earth, scientists now want to send...

Technology

Even Dolls Pose Hacking Risk Now, Germany Bans Toy Over Espionage Concerns

Hacking is a serious problem in the modern world, with social media accounts, web hosting companies, and even Presidential elections becoming targets. Now, it has started spilling over to childrens toys. Germany recently...

Nintendo Switch Unboxing Reveals First Look At Menu System

A new unboxing video for the Nintendo Switch was taken by a fan who received the gaming console a couple of weeks earlier. Den of Geek reports that gaming enthusiast hiphoptherobot filmed and uploaded an unboxing video...

Mark Zuckerberg Warns About Isolationism In 5,700 Word Manifesto That Adds Up To Nothing

Facebook Founder Mark Zuckerberg just posted a letter thats addressed to pretty much everyone. Containing over 5,700 words, the social media figure talked about a variety of subjects, including the rising sympathy towards...

EPA Used Encrypted App To Fight Trump Administration, Republicans Demand Investigation

Since assuming the mantle of the Presidency, Donald Trump and his administration have been waging war against the science division of the government. The Environmental Protection Agency has been one of the worst affected,...

Election Russian Hackers Are Now Targeting iPhone And Mac Users

After interfering with the most recent US Presidential elections that led to Donald Trump winning the race, the same Russian hackers now appear to be targeting the iPhone and Mac details of Americans. The group apparently...
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February 20 07:00 UTC Released

TRConsumer Confidence*

Actual

65.7 %

Forecast

Previous

66.90 %

February 20 07:00 UTC Released

DEProducer Prices YY

Actual

2.4 %

Forecast

2.0 %

Previous

1.0 %

February 20 11:00 UTC 1212m

GBCBI Trends - Orders

Actual

Forecast

3 bln EUR

Previous

5 bln EUR

February 20 13:00 UTC 132132m

CAUnemployment Rate*

Actual

Forecast

5.4 %

Previous

5.3 %

February 20 13:30 UTC 162162m

CAUnemployment Rate*

Actual

Forecast

Previous

0.2 %

February 20 13:30 UTC 162162m

TRCentral Govt Debt Stock*

Actual

Forecast

Previous

0.2 bln TRY

February 20 13:30 UTC 162162m

EZWholesale Trade MM

Actual

Forecast

Previous

0.2 %

February 20 14:30 UTC 222222m

EZWholesale Trade MM

Actual

Forecast

Previous

759.6 %

February 20 14:30 UTC 222222m

JPCentral Govt Debt Stock*

Actual

Forecast

Previous

759.6 bln TRY

February 20 14:30 UTC 222222m

TRCentral Govt Debt Stock*

Actual

Forecast

Previous

759.6 bln TRY

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