FxWirePro:USD/JPY strongly bearish despite upside attempts
Aug 11, 2017 16:43 pm UTC| Technicals
USD/JPY declined on Friday after data showed U.S. consumer prices rose less than expected in July, pointing to benign inflation that could make the Federal Reserve cautious about raising interest rates again this...
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
Aug 11, 2017 15:43 pm UTC| Technicals
The GBP/USD pair dipped on Friday as investors grew wary about the outlook of the British economy after a mixed bag of data this week. Data this week showed falling car production and a slide in construction, which...
FxWirePro: US Oil takes support near trend line, good to buy on dips
Aug 11, 2017 12:37 pm UTC| Technicals
US Oil has fallen almost 1% yesterday after hitting high of $50.20. The commodity declined till $47.99 at the time of writing. It is currently trading around $48.43. The decline in the crude oil prices was mainly due...
Aug 11, 2017 12:07 pm UTC| Technicals
EURUSD has formed a bottom around 1.16886 on Aug 9th 2017 and showing a minor recovery from that level. EURO jumped till 1.17887 after weaker than expected U.S PPI data. U.S PPI data came at -0.1% for the month of Jul...
FxWirePro: Sell GBP/USD below 1.29500
Aug 11, 2017 10:26 am UTC| Technicals
GBP/USD has once again declined after showing a slight jump above 1.3000 yesterday. U.S CPI data for further direction. UK economic data released yesterday was mixed with manufacturing and industrial data came better...
FxWirePro: DAX30 downside capped by 200- day MA, good to sell on rallies
Aug 11, 2017 09:51 am UTC| Technicals
DAX30 is showing continuous selling after making a high of 12956 on Jun 20th 2017 and has broken major psychological level of 12000.It is currently trading around 11947. The index minor trend reversal can be seen only...
FxWirePro: USD/CHF trades lower on safe haven demand, good to sell on rallies
Aug 11, 2017 09:03 am UTC| Technicals
Swiss franc gaining momentum against all major pairs after increasing geo political tension between North Korea and U.S. The rising war of words between North Korea and Washington increased demand for safe haven assets....
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