FxWirePro: EUR/KRW remains well supported above 1,251 mark, sustained close above targets 1,287 mark
May 19, 2017 01:04 am UTC| Technicals
EUR/KRW is currently trading around 1,252 mark. Pair made intraday high at 1,252 and low at 1,251 levels. Intraday bias remains neutral till the time pair holds key support at 1,251 mark. A daily close below...
FxWirePro: USD/JPY strongly bearish despite upside attempts
May 18, 2017 16:42 pm UTC| Technicals
USD/JPY declined on Thursday as the political turmoil in the United States triggered an investor flight from the riskier dollar into safe-haven Japanese yen. Reports that Trump had tried to intervene in an...
FxWirePro: EUR/USD runs out of steam but maintains bullish outlook
May 18, 2017 14:39 pm UTC| Technicals
The EUR /USD pair declined on Thursday as dollar gained some ground after stronger-than-expected U.S. economic data put the focus back on a widely anticipated increase in overnight interest rates by the Federal...
FxWirePro: GBP/USD trades higher on better than expected U.K retail sales, good to buy on dips
May 18, 2017 13:43 pm UTC| Technicals
Cable recovered sharply and has broken major resistance at 1.3000 on better than expected U.K retail sales. UK retail sales came at 2.3% for the month of Apr compared to forecast of 1.2%. It is currently trading around...
FxWirePro: GBP/USD intraday upside momentum strong after UK retail sales beats forecasts
May 18, 2017 13:41 pm UTC| Technicals
GBP/USD rose on Thursday as sterling was boosted after British retail sales growth topped forecasts, easing concerns about the broader outlook for the economy this year. Retail sales volumes rose 2.3 percent on the...
FxWirePro: U.S Dollar Index Trade idea
May 18, 2017 12:32 pm UTC| Technicals
U.S dollar index trading extremely weak compared to previous week. The index broken strongly 55- W EMA and declined sharply till 97.33 in the week. The jump from 91.92 to 103.82 has come to an end since it has broken...
FxWirePro: CAD/JPY trades below trend lien support, good to sell on rallies
May 18, 2017 11:28 am UTC| Technicals
Major support 81.50 (trend line joining 75.49 and 80.57). CAD/JPY formed minor top at 83.75 after making a low of 80.57 on Apr 21st 2017 low. The pair is showing a decline for two consecutive days and also broken...
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