Intraday bias for Gold remains neutral
Jan 19, 2016 05:41 am UTC| Technicals
Gold is in wait-and-see mode on Tuesday, trading 0.01% lower at $1,090.60 per troy ounce. Investors remain worried over the global growth outlook, as Chinese Q4 GDP data came below market expectations WTI crude oil is...
FxWirePro: EUR/GBP struggles to extend gains after channel break, strong resistance at 0.7640
Jan 19, 2016 05:27 am UTC| Technicals
A relatively data-heavy week for the UK, with CPI reading on Tuesday, average earnings and unemployment claims on Wednesday, and UK retail sales figures on Friday. Last week, the Bank of England (BoE) opted to keep its...
Sterling hovers around 5-1/2 year low, UK CPI in focus
Jan 19, 2016 05:04 am UTC| Technicals
Intraday bias remains on the downside. Current fall should target 1.3503 low but before that initial support levels fall at $1.4226 levels. On the upside, above 1.4444 minor resistance levels will turn bias neutral and...
FxWirePro: EUR/JPY breaks above 5-DMA resistance, good to go long on dips
Jan 19, 2016 03:59 am UTC| Technicals
EUR/JPY extends upside as demand for yen rises on risk-off seen after stocks came under pressure (both Shanghai and Nikkei 225 are going through an aggressive round of selling). Technically, the pair has broken above...
FxWirePro: USD/JPY trades largely muted, initial bounce post China GDP quickly sold off
Jan 19, 2016 03:31 am UTC| Technicals
USD/JPY saw an initial pop higher on Chinese Q4 2015 GDP data, which came in line with expectations at 6.8%. But the bounce was quickly faded as aggressive round of selling in both Shanghai and Nikkei 225 weighed on...
Jan 19, 2016 03:05 am UTC| Technicals
Hang Seng: Hang Seng has retreated after making a high of 19434. It is currently trading around 19207. Short term trend is as long as resistance 19700 holds. The index resistance is at 19700 and any indicative...
USD/JPY maintains bearish bias with focus on 116.00 levels
Jan 18, 2016 18:09 pm UTC| Technicals
USD/JPY opened around 117.07 and inched higher in the Asian session recovering up to 117.44 levels. Currently the price action is struggling to advance further above, nevertheless short rally towards 117.60 levels should...
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