FxWirePro: US Oil downside capped by trend line, good to buy on dips
Aug 14, 2017 12:34 pm UTC| Technicals
US Oil has fallen till $47.95 on Friday and shown a minor recovery from that level till $48.95. It is currently trading around $48.60. The decline in the crude oil prices was mainly due to increase in the supply and...
Aug 14, 2017 11:25 am UTC| Technicals
Candle stick pattern- Gravestone doji EUR/USD has jumped sharply on Friday on account of weaker than expected U.S Inflation data. The pair jumped till 1.18475 yesterday and is currently trading around 1.18030. US...
FxWirePro: GBP/USD upside capped by 21- day EMA, good to sell on rallies
Aug 14, 2017 11:02 am UTC| Technicals
GBP/USD is consolidating in narrow range between 1.30535 and 1.29397 for the past four trading session. The pair has recovered sharply from the low of 1.2937 on account of weak U.S Inflation data. Market awaits UK CPI...
Aug 14, 2017 09:48 am UTC| Technicals
Candle stick pattern- Gravestone doji EUR/USD has jumped sharply on Friday on account of weaker than expected U.S Inflation data. The pair jumped till 1.18475 yesterday and is currently trading around 1.18000. US...
FxWirePro: USD/ZAR rejects key resistance at 13.50 mark, short term trend reversal likely
Aug 14, 2017 07:53 am UTC| Technicals
USD/ZAR is currently trading around 13.40 levels. It made intraday high at 13.44 and low at 13.35 levels. Intraday bias remains slightly bearish for the moment. A daily close above 13.40 will take the...
FxWirePro: USD/CAD trades higher on widening 2- year yield spread, good to buy on dips
Aug 14, 2017 07:22 am UTC| Technicals
USD/CAD has formed a temporary top around 1.27529on Friday and shown a minor decline from that level on account of weaker than expected U.S CPI data. The pair formed a minor bottom around 1.2650 and is currently trading...
FxWirePro: Gold Long term Outlook
Aug 14, 2017 07:21 am UTC| Technicals
Gold gained near to 0.5% yesterday on weaker than expected U.S CPI data and geo political tension between U.S and North Korea. The yellow metal jumped almost $7 from the yesterday low as risk aversion continues to dominate...
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