FxWirePro: XAG/USD remains well supported below $16.40 mark, U.S. ADP job data in focus
May 30, 2018 05:33 am UTC| Technicals
XAG/USD is currently trading around $16.34 marks. It made intraday high at $16.40 and low at $16.31 levels. Intraday bias remains bearish till the time pair holds immediate resistance at $16.48 mark. A daily...
FxWirePro: USD/JPY finds strong support at 100-DMA (108.16), break below to see further weakness
May 30, 2018 05:15 am UTC| Technicals
USD/JPY recovered from new 4-week lows at 108.11 to close higher at 108.75 on Tuesdays trade. Safe haven yen posted broad-based gains amid widespread risk aversion and we expect a deeper drop in the USD/JPY...
FxWirePro: Thai baht trades marginally lower despite higher than expected industrial production data
May 30, 2018 04:40 am UTC| Technicals
USD/THB is currently trading around 32.15 marks. It made intraday high at 32.17 and low at 32.06 marks. Intraday bias remains bullish till the time pair holds key support at 31.98 mark. On the top side, key...
FxWirePro: Nikkei trades lower on Italian political uncertainity, good to sell on rallies
May 30, 2018 04:11 am UTC| Technicals
Asian markets are tradingextremely weak mainly due to political uncertanity in Italy. The yen jumped sharply yesterday on fears that Italy will exit Europe. Italy 2- year bond yield was up 158 bais point and hits high of...
May 30, 2018 04:09 am UTC| Technicals
AUD/USD was rejected at 23.6% Fib at 0.7583, failed to extend gains above, scope for downside resumption. Australian Building Permits data released earlier today failed to impress Aussie bulls, knock the antipodean...
FxWirePro: Singapore dollar trades almost flat in early Asia, bias remains neutral
May 30, 2018 03:10 am UTC| Technicals
USD/SGD is currently trading around 1.3457 marks. It made intraday high at 1.3471 and low at 1.3444 levels. Intraday bias remains neutral for the moment. A daily close above 1.3457 will test key resistances...
FxWirePro: USD/CNY jumps above 6.42 mark, PBOC sets yuan mid-point at 6.4207
May 30, 2018 02:34 am UTC| Technicals
USD/CNY is currently trading around 6.4262 marks. It made intraday high at 6.4278 and low at 6.4161 levels. Intraday bias remains bullish till the time pair holds key support at 6.3979 marks. A sustained...
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