FxWirePro:Gold faces strong support at $1211, good to buy at dips
May 27, 2016 05:35 am UTC| Technicals
Major support- $1211 (100 W EMA) The yellow metal has broken $1217.65 low made on Wednesday today morning and declined till $1211.52 at the time of writing. Gold has jumped till $1234 yesterday and started to...
FxWirePro: Indian rupee hits fresh weekly high against US dollar, intraday bias remains neutral
May 27, 2016 05:11 am UTC| Technicals
USD/INR is currently trading around 67.05. It made intraday high at 67.10 and low at 66.97 marks. Intraday bias remains neutral for the moment. A sustained close below 66.96 will tests key supports at...
FxWirePro: AUD/USD lacks clear direction, hovers around 61.8% Fib at 0.7212
May 27, 2016 05:09 am UTC| Technicals
AUD/USD lacks clear direction, extends range trade around 61.8% Fib at 0.7212. Pair finds major resistance at 0.7242, upside potential only on decisive break above. While 0.72 (5-DMA and psychological level) is...
FxWirePro: USD/JPY holds major support at 109.80, weakness only on break below
May 27, 2016 04:22 am UTC| Technicals
USD remains bid as markets digest hawkish speeches from the Fed officials, Feds Powell suggested overnight that Fed should raise rates fairly soon. JPY also remained buoyed amid ongoing chatter that Japans PM Abe will...
FxWirePro: AUD/NZD fails to break key resistance at 1.0747, good to sell on rallies
May 27, 2016 03:37 am UTC| Technicals
AUD/NZD is trading around 1.0704 marks. Pair made intraday high at 1.0718 and low at 1.0694 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0747 marks. A daily close below...
ASX200 breaks major resistance 5400, targets 5485/5530
May 27, 2016 02:44 am UTC| Technicals
Major resistance - 5400 Major intraday Support - 5350 ASX200 has broken major resistance 5400 and jumped till 5431. It is currently trading at 5417. Short term trend is slightly bullish as long as support...
Nikkei225 faces strong resistance 17000,break above targets 17685
May 27, 2016 02:24 am UTC| Technicals
Major resistance - 16985 (100 day EMA) Major support - 16410 (100 day 4H MA) Nikkei index faces strong resistance at 17000 and is struggling to break above that level. It is currently trading around...
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