Mar 31, 2016 06:15 am UTC| Technicals
The weekly prices slid below 7 21DMAs, attempting to break neckline supports 1.4670 with downward convergence by leading oscillators. See for break below major support -1.4670 (neckline of double top). On monthly...
FxWirePro: EUR/GBP on track to retake 0.79 handle, buy dips, target 0.7945
Mar 31, 2016 06:06 am UTC| Technicals
EUR/GBP has taken trendline support at 0.7850 and edged higher, but we do not see scope for much upside. The pair is flirting with highs near 0.7900, breaks above to target 0.7946 (Mar 24th highs). Three-month...
FxWirePro:NZD/CAD forms shooting star candlestick pattern , good to sell on rallies
Mar 31, 2016 05:46 am UTC| Technicals
Candle Stick Pattern- Shooting Star Major resistance 0.9060 The pair has made a high of 0.9560 yesterday and declined from that level. It is currently trading around 0.8966. Short term trend is weak as long...
FxWirePro: Swedish Krona erases previous gain against euro, good to buy on dips
Mar 31, 2016 05:35 am UTC| Technicals
EUR/SEK is currently trading around 9.2258 levels. It made intraday high at 9.2289 and low at 9.2129 levels. Pair fails to fall below key support at 9.2129 and supported above 9.2200 marks. Intraday bias...
FxWirePro: NZD/USD holds above strong support at 0.6880, good to buy dips
Mar 31, 2016 05:11 am UTC| Technicals
Broad based US dollar strength and downbeat NZ business confidence data adds to bearish pressure on the bird. ANZ NZ business confidence 3.2% in March vs 7.1% in February. NZ own activity outlook for March 29.4% vs...
FxWirePro: AUD/USD off the 9-month highs of 0.7709, sees strong support at 0.7625
Mar 31, 2016 04:43 am UTC| Technicals
AUD/USD rallied to a high of 0.7709, beating the (18th March high) of 0.7680. Data released earlier today showed Australian private sector credit for February +0.6% m/m vs +0.5%expected. We also had the...
Mar 31, 2016 04:38 am UTC| Technicals
USD/INR is currently trading at 66.30 marks. It made intraday high at 66.39 and low at 66.27 levels. Intraday bias remains bearish for the moment. A daily close below 66.22 will drag the parity down towards...
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
Why Germany ditched nuclear before coal – and why it won’t go back
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