FxWirePro: GBP/USD trades lower on dovish BOE rate hike, good to sell on rallies
Aug 02, 2018 12:30 pm UTC| Technicals
GBPUSD pared all its gains made after BOE monetary policy. The pair hits high of 1.3125 after BOE hiked interest rates by 25 bpbs. But very dovish statement by BOE Governor Carney has dragged the Sterling down more...
Aug 02, 2018 12:07 pm UTC| Technicals
Major resistance- 113.25. The pair has declined once again after showing a minor jump above 113. The pair hits high of 113.17 and declined almost 80 pips from that level. CHJPY is trading weak and has closed...
FxWirePro: US Oil hits 6-week lows, slips below $67 mark, Baker Hughes data in focus
Aug 02, 2018 12:05 pm UTC| Technicals
US Oil slips below $67 per barrel mark, hits 6-week lows, bias lower. Oil prices are on the slide once again as constraints and supply buildups prove to be short-lived. After API report showed an unexpected rise...
FxWirePro: ETH/USD eyes key support at 400, bias bearish
Aug 02, 2018 11:44 am UTC| Digital Currency Technicals
ETH/USD dropped to 407 levels on Wednesday before closing at 419 levels. The pair failed to hold above the trend line joining 360 and 404.22 and is currently trading at 413 levels (Coinbase). The pairs upside is...
FxWirePro: EUR/CAD extends weakness after rejection at 21-EMA, eyes 61.8% Fib at 1.5095
Aug 02, 2018 10:43 am UTC| Technicals
EUR/CAD hits 7-week lows at 1.5125, further downside on cards. The pair has slipped below 200-DMA and daily cloud. Momentum indicators are highly bearish. RSI at 34 and sharply lower. DMI support downside...
FxWirePro: USD/CAD recovers slightly after hawkish Fed,NAFTA trade talks in focus
Aug 02, 2018 10:19 am UTC| Technicals
Canadian dollar hits week high on account of better than economic data and slight progress in NAFTA talks. Guillermo Malpica head of trade and NAFTA Mexico said that US has started showing more flexibility last week. The...
Aug 02, 2018 10:14 am UTC| Technicals
NZD/USD extends slump, dives 0.58% on the day to trade at 0.6752 at the time of writing. The antipodeans remain under pressure on escalating Sino-US trade tensions. The US President Trump proposed increasing the...
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