FxWirePro: USD/JPY retraces below 5-DMA, China's retaliation plan strengthens bid tone around JPY
May 31, 2019 03:54 am UTC| Technicals
USD/JPY chart - Trading View USD/JPY slumps in the Asian session to hit 2-week lows at 109.12. The pair dives as Chinas retaliation plan strengthens bid tone around JPY. China said that it is ready with a plan to...
FxWirePro: Nikkei hits 3-month low on US-Mexico trade war, good to sell on rallies
May 31, 2019 03:50 am UTC| Technicals
Nikkei trades lower and hits 3-month low on renewed trade war between US and Mexico. US President Trump said that US will impose 5% tariffs on all Mexican imports from Jun 10th and duties up to 25% will be added in the...
FxWirePro: Chinese yuan weakens as manufacturing PMI data misses expectations
May 31, 2019 03:07 am UTC| Technicals
USD/CNY is currently trading around 6.9116 marks. It made intraday high at 6.9134 and low at 6.9010 levels. Intraday bias remains bullish till the time pair holds key support at 6.8979 mark. A sustained...
FxWirePro: South Korean won falls after BOK’s interest rate decision
May 31, 2019 02:10 am UTC| Technicals
EUR/KRW is currently trading around 1,326 mark. It made intraday high at 1,327 and low at 1,321 levels. Intraday bias remains bullish till the time pair holds key support at 1,321 mark. A sustained close...
FxWirePro: Japanese yen strengthens in early Asia after mixed economic data
May 31, 2019 01:54 am UTC| Technicals
USD/JPY is currently trading around 109.36 marks. It made intraday high at 109.62 and low at 109.22 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 109.62 marks. A...
FxWirePro: Is WTI crude perplexed between short covering or long liquidation?
May 30, 2019 13:08 pm UTC| Technicals
Crude oil price upswings seemed to have been halted momentarily at $59.67 levels, its bearish streaks in the recent past are threatening the prospects for oil prices, at 1 and a half year low as the energy commodity (WTI...
FxWirePro: USDCHF trades lower on slight weaker than expected US Q1 GDP, good to sell on rallies
May 30, 2019 12:54 pm UTC| Technicals
USDCHF has once again declined after a jump till 1.00981. US Q1 GDP came at 3.1% slightly below forecast of 3.2%. US 10 year yield is trading lower after shown a minor recovery of more than 3%.It si trading around 2.25%....
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