FxWirePro: South Korean won falls on the back of lower than expected industrial production data
May 31, 2016 01:46 am UTC| Technicals
USD/KRW is currently trading around 1191 levels. It made intraday high at 1191 and low at 1187 levels. Intraday bias remains bullish till the time pair holds key support at 1177 marks. A daily close above...
FxWirePro: Japanese Yen appreciates on strong household spending, industrial production data
May 31, 2016 01:15 am UTC| Technicals
USD/JPY is currently trading around 110.90 marks. It made intraday high at 111.15 and low at 110.79 levels. Today Japan released a number of economic data with positive note. Japans household spending rose -0.4%...
FxWirePro: AUD/USD drift near multi-month lows after Fed rate remarks
May 30, 2016 17:50 pm UTC| Technicals
AUD/USD was pinned near multi moth lows on Monday after comments by Federal Reserve last week reinforced expectations of a US interest rate hike as early as June. Investors remained cautious ahead of busy week in...
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
May 30, 2016 16:38 pm UTC| Technicals
USD/CAD pair begun the week declining towards lower levels from Fridays close as oil prices rose towards 49$ per barrel and investors remained cautious on speculation of US rate hike this summer. Oil prices rose as...
May 30, 2016 12:20 pm UTC| Technicals
The pair has tested support near 1.9013 (7DMA) and bounced to the current levels of 1.9066. Despite the attempts of upswings the current prices are lingering at 7DMA. Sideway trend slipping as the bears to resume...
FxWirePro: CHF/JPY faces strong resistance at 112.35, good to sell on rallies
May 30, 2016 12:04 pm UTC| Technicals
Major Resistance- 112.35 (trend line joining 117.41 and 115.01) The pair has made a high of 112.12 and slightly declined from that level. It is currently trading around 111.91. Short term trend is slightly...
May 30, 2016 11:51 am UTC| Technicals
Major resistance- 162.80 (100 EMA) Major support -159.93 (10 day EMA) GBP/JPY has broken major resistance 162.80 and slightly retreated from that level. It is currently trading around 162.27. The pair is...
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
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight