May 17, 2018 10:54 am UTC| Technicals
USDCAD forms back-to-back shooting stars at 1.2847, 1.2791 and now potentially at 1.2750 levels on weekly plotting that hampers previous consolidation phase and bears have resumed in the major declining trend. Shooting...
GBP/JPY trades well above 200- day MA, jump till 151 likely
May 17, 2018 09:51 am UTC| Technicals
GBP/JPY has shown a huge jump of more than 150 pips yesterdays low of 148.18. the pair has broken major resistance at 149.20 200 day MA and jumped till 149.78 at the time of writing The yen was trading weak against all...
FxWirePro: EUR/GBP breaks below 50-DMA, good to go short on rallies
May 17, 2018 09:44 am UTC| Technicals
EUR/GBP is extending weakness after upside was capped short at Triangle Top. The pair has slipped below 50-DMA which is stiff resistance at 0.8761. Technical indicators are biased lower. RSI below 50, with...
FxWirePro: XAG/USD moves in stiff boundaries, stay bullish only above $16.42 mark
May 17, 2018 08:12 am UTC| Technicals
XAG/USD is currently trading around $16.35 marks. It made intraday high at $16.41 and low at $16.30 levels. Intraday bias remains neutral till the time pair holds key resistance at $16.42 mark. A daily close...
FxWirePro: EUR/AUD breaks below 110-EMA, hits 9-week lows at 1.5659, bias lower
May 17, 2018 08:00 am UTC| Technicals
EUR/AUD is extending weakness after break below 110-EMA at 1.5720, bias lower. The pair has dipped below daily cloud and we see scope for test of 200-DMA. Momentum studies are bearish. MACD supports trend lower...
May 17, 2018 07:09 am UTC| Technicals
USD/CAD has declined more than 170 pips from high of 1.2925 made on May 15th 2018. The pair has shown a major weakness yesterday after better than expected Canadian Factory sales data. Canadian factory sales came at 1.4%...
FxWirePro: Turkish lira continues to fall against U.S. dollar, good to buy on dips
May 17, 2018 07:02 am UTC| Technicals
USD/TRY is currently trading at 4.4487 levels. It made intraday high at 4.4618 and low at 4.4114 levels. Intraday bias remains bullish till the time pair holds key support at 4.3650 levels. Key resistances...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects