FxWirePro: USD/ZAR consolidates around 14.02 mark, bias remains neutral
Dec 02, 2016 07:54 am UTC| Technicals
USD/ZAR is currently trading around 14.06 levels. It made intraday high at 14.10 and low at 14.04 levels. Intraday bias remains neutral till the time pair holds key resistance at 14.15 marks. A daily...
FxWirePro: USD/CNY stabilizes above 6.88 mark, PBOC sets yuan mid-point at 6.8794
Dec 02, 2016 06:55 am UTC| Technicals
USD/CNY is currently trading around 6.8835 marks. It made intraday high at 6.8903 and low at 6.8801 levels. Intraday bias remains neutral for the moment. On the top side, a sustained close above 6.8850 marks...
FTSE100 breaks trend line support at 6720, decline till 6525 likely
Dec 02, 2016 06:45 am UTC| Technicals
Major resistance- 6885 (Nov 23rd 2016) Major support - 6720 (trend line joining 5727 and 6609) The FTSE100 index made a high of 6847 on 30th Nov 2016 and started to show a decline from that level. It is currently...
FxWirePro: USD/INR trades in narrow range, stay bullish
Dec 02, 2016 06:39 am UTC| Technicals
USD/INR is currently trading around 68.24 marks. It made intraday high at 68.26 and low at 68.13 marks. Intraday bias remains bullish till the time pair holds key support at 68.13 mark. Key resistances are...
FxWirePro: EUR/JPY extends grind higher, on track to test 122
Dec 02, 2016 06:36 am UTC| Technicals
EUR/JPY is extending bullish momentum, is on track to test 122 levels (our first target). We see a reversal of major downtrend after the pair broke consolidation phase with rising volumes. Technical indicators...
Dec 02, 2016 06:32 am UTC| Technicals Insights & Views
Watch out for more rallies up to 86.379 on break-out above resistance at 81.520 and bullish SMA crossover. The current prices spike above SMAs, EMAs channel resistance after testing strong support at 76.175, please be...
Gold recovers from low of $1160, market awaits U.S jobs report for further direction.
Dec 02, 2016 06:18 am UTC| Technicals
Candlestick pattern hammer Pattern formed- Bullish divergence (CCI (50) Gold made a fresh 10 month low of $1160 yesterday and jumped slightly from that level. It is currently trading around 1175. Market...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects