Pounds holds on to range against Dollar – calls included
Aug 07, 2015 15:03 pm UTC| Insights & Views
Dwindling pound found support at the range low against dollar, around 1.542 area. Technically speaking, this floor is extra crucial for pound/Dollar pair, as it not only is the range floor but floor of rising trend...
Pound breaks key resistance against Yen - call included
Aug 07, 2015 14:41 pm UTC| Insights & Views
After yesterdays more dovish voting than expected at Bank of Englands (BOE) monetary policy meeting and todays strong non-farm report has pushed pound lower, which broke key resistance against Yen. Technically speaking,...
Aug 07, 2015 14:00 pm UTC| Insights & Views
Brazils economy has been hit the hardest this year as its central bank hiked interest rates to their highest levels in nine years in a bid to battle inflation, which has moved to almost 12 year high. Inflation has reached...
Dwindling forex reserve at Malaysia hits 5 year low
Aug 07, 2015 13:35 pm UTC| Insights & Views
There seems to be little respite for Ringgit as Malaysias foreign exchange reserves have dropped below $100 billion for the first time since 2010. Malaysian Ringgit has fallen to 17 year low. Malaysian forex reserve rose...
FxWirePro: XAU/USD to retest 5.5 year’s low; hedge with calendar spreads
Aug 07, 2015 13:30 pm UTC| Insights & Views
Technical Inference:We are bearish on the precious metal as it has been tumbling consecutively along with crude prices from last couple of months but as stated in our earlier post it has to test support at around 1171.28...
NFP review in light of FOMC comments
Aug 07, 2015 12:59 pm UTC| Insights & Views Central Banks
Today US non-farm payroll pointed at weaker job gains for month of July, which casts some doubts over FEDs ability to hike rates after comments in last FOMC. In last FOMC, FED officials pointed that they are looking for...
Aug 07, 2015 12:38 pm UTC| Insights & Views
If todays EUR/USD close breaches below 1.4311 then the drag until 1.4044 is certain, From last one month it is observed that the Euro Canadian pair has been moving in 2nd channel line band width of 270-280 pips. As shown...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects