FxWirePro: USD/CAD hits 3- month high on dovish BOC, good to buy on dips
Oct 27, 2017 08:57 am UTC| Technicals
Canadian Dollar tumbled sharply yesterday after dovish Bank of Canada. Loonie has broken 1.28576 high made yesterday and jumped till 1.28877 and is currently trading around 1.2867. US Dollar Index was trading higher...
FxWirePro: Copper breaks below 5-DMA, on track to test 50-DMA at 3.054, good to short rallies
Oct 27, 2017 08:50 am UTC| Technicals
Copper slips lower for 3rd successive session, bias bearish. Upside remains capped below 5-DMA at 1.174, pair currently down 1.37% on the day. Technical studies have turned bearish. Stochs and RSI have rolled...
FxWirePro: USD/ZAR hits fresh 11-month high at 14.35 mark, bias remains bullish
Oct 27, 2017 08:20 am UTC| Technicals
USD/ZAR is currently trading around 14.30 levels. It made intraday high at 14.35 and low at 14.21 levels. Intraday bias remains bullish till the time pair holds key support at 14.02 mark. A daily close...
Oct 27, 2017 07:17 am UTC| Technicals
USD/CHF jumped sharply yesterday after ECB policy meeting. The pair hits high of 0.99979 at the time of writing. It has closed well above trend line resistance 0.9820 (trend line joining 1.03350 and 1.00998) .it is...
FxWirePro: USD/CNY hits fresh 3-week high at 6.6615, PBOC sets yuan mid-point at 6.6473
Oct 27, 2017 07:15 am UTC| Technicals
USD/CNY is currently trading around 6.6539 marks. It made intraday high at 6.6615 and low at 6.6390 levels. Intraday bias remains bullish till the time pair holds key support at 6.6255 mark. A sustained...
FxWirePro: Potential 'Bullish Cypher' on AUD/NZD raises scope for downside, good to short rallies
Oct 27, 2017 07:12 am UTC| Technicals
AUD/NZD corrects lower from 1 1/2 year highs at 1.1289 (Oct 24 high), slips below 1.12 handle. The pair 0.11% down on the day, hovers around 1.1175 levels, bias lower. Price action has slipped below 5-DMA support...
Oct 27, 2017 06:59 am UTC| Research & Analysis Insights & Views Technicals
Our highest conviction macro trade in recent weeks has been short GBP as we felt that UK rate hikes were overpriced given the weak starting point for UK growth and the existential Brexit shock that continues to dominate...
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