FxWirePro: GBP/JPY outlook – downside risk-reward very attractive
Dec 07, 2015 10:53 am UTC| Technicals
As Pound snaps back from downward sloping channel floor against Dollar, it has been trying to snap back similar loss against Yen. Fundamentally speaking, Bank of Japan (BOJ), even if doesnt increase its stimulus is...
FxWirePro: Daily cloud limits EUR/JPY bulls, pair could test 132.13
Dec 07, 2015 10:05 am UTC| Technicals
EUR/JPY gains post ECB last week was halted by the daily cloud, the pair has hit lows of 133.44 on the day, after rejection at cloud base by 134.12 There is good scope for a drop back to converged tenkan kijun lines...
Dec 07, 2015 09:45 am UTC| Technicals
We expect more muted market movements this week, after sharp market reactions were triggered by the ECBs policy under-delivery, and ahead of the all-important FOMC meeting on 16 December. There is a risk of more...
Dec 07, 2015 09:38 am UTC| Technicals
We could smell sort of scope for MXNs depreciation further this week against dollar gains ground after the NFP (211K vs forecasts at 201K), unchanged unemployment at 5.0% and EUR squeezing higher. MXN seems...
EUR/USD watch out for 1.08250 for further weakness
Dec 07, 2015 08:54 am UTC| Technicals
Major support - 1.08250 (Resistance turned into Support) The pair has made a high of 1.0980 and started to retreat from that level. It is currently trading at 1.08340. Any break below 1.08250 will drag the pair...
FxWirePro: Stay hedged USD/JPY via 2:1 delta spreads
Dec 07, 2015 07:48 am UTC| Technicals
We could foresee lot of speculations happening around USDJPY currency cross. The US was able to produce upbeat NFP numbers at 211K vs forecasts at 201K and no change in unemployment scenes. But despite good set of...
FxWirePro: BTC/EUR takes support near 200 day 4HMA, good to buy at dips
Dec 07, 2015 07:34 am UTC| Technicals Digital Currency
BTC/EUR has recovered till 368.64 yesterday and started to slightly decline from that level. It is currently trading around 358.11. Intraday trend is bullish as long as support 340 holds. On the higher side minor...
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