FXWirePro: 300+ pips slump likely if GBP/USD breaches trend line support
Jun 15, 2015 11:35 am UTC| Insights & Views
Yes indeed, as stated earlier as well if you wish to plot the daily chart, technical analysts may be surprised with a "Head Shoulder" candlestick pattern.The pair in recent weeks had broken the channel line range about...
Intraday trading perspectives: GBP/USD
Jun 15, 2015 11:13 am UTC| Insights & Views
We believe, the intraday as well as short term trading perspectives of GBP/USD: The bias remains bearish.The pair hanging on trend line supportPivot:1.5490 on closing basis.For now in our opinion most likely scenario would...
Shinzo Abe’s approval ratings join Yen on the slide
Jun 15, 2015 10:45 am UTC| Insights & Views
In 2015, Japans popular Prime Minister Shinzo Abe is not looking so popular anymore. Latest record shows, poll ratings are at their lowest since taking up his second spell in office in 2012. Weekend poll showed Mr. Abes...
WPI deflation unlikely to provoke RBI to jump the gun
Jun 15, 2015 10:42 am UTC| Insights & Views
Just a few weeks back Reserve Bank of Indias governor Raghu Ram Rajan has cut rates for third time this year, however continued deflation as measured by Indias wholesale price index (WPI) unlikely to make him jump the gun...
FxWirePro: Deploy Diagonal Call Spread on Falling Wedge
Jun 15, 2015 09:01 am UTC| Insights & Views
Options Strategy: (XAU/USD) Diagonal call spreadFor current technical situation as explained our earlier post, this strategy can be employed to hedge the FX commodity exposure.On hedging grounds, We recommend buying 60D...
Expect XAU/USD upswings on Falling Wedge but instant trend reversal unlikely
Jun 15, 2015 08:57 am UTC| Insights & Views
Both on weekly and monthly graphs of this precious metal prices, falling wedge pattern has been spotted out.Upswings are expected for sure but instant trend reversal still unlikely.Break below 1175.35 levels can be seen...
Greek tension takes toll on European assets
Jun 15, 2015 08:55 am UTC| Insights & Views
European assets are taking a besting today as walks broke abruptly and inconclusively among Greek government officials and Euro zone creditors. Greek government is going to face hard time, if it fails to live up to the...
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