FxWirePro: XAG/USD consolidates around $16.40 mark, FOMC meeting in focus
Jul 26, 2017 07:55 am UTC| Technicals
XAG/USD is currently trading around $16.34 marks. It made intraday high at $16.47 and low at $16.28 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at $16.47 mark. A...
FxWirePro: NZD/CAD recovery capped below 5-DMA, bias lower
Jul 26, 2017 07:11 am UTC| Technicals
Kiwi was supported by upbeat NZ trade data pushing NZD/CAD higher on the day. New Zealand June trade Balance came at $-3.66B y/y, beating expectations at $-3.7B). Imports came in at $4.46B, above forecasts at $4.39B,...
Jul 26, 2017 07:11 am UTC| Technicals
Bears break below strong support at 0.7416, bearish engulfing pattern candle has occurred at 0.7414 levels. Although there has been lingering bullish sentiment in the short run, the ongoing rallies are unlikely to show...
FxWirePro: Gold trades weak ahead of Fed meeting, good to sell on rallies
Jul 26, 2017 07:08 am UTC| Technicals
Gold is showing a decline after forming temporary top around $1258.89. The yellow metal declined till $1244 and is currently trading around $1245. Market await US Fed monetary policy for further direction. U.S 10 year...
FxWirePro: South African rand erases previous gain against U.S. dollar, bias remains neutral
Jul 26, 2017 07:02 am UTC| Technicals
USD/ZAR is currently trading around 13.07 levels. It made intraday high at 13.08 and low at 13.05 levels. Intraday bias remains neutral for the moment. A daily close above 13.06 will take the parity...
Jul 26, 2017 06:36 am UTC| Technicals
DXY (US dollar index) which measures the greenbacks strength against a trade-weighted basket of six major currencies has constantly dipping below SMA, currently at 93.890. Downswings break below strong support at 94.99,...
FxWirePro: GBP/AUD on minor recovery path, awaiting key UK GDP data for further impetus
Jul 26, 2017 06:34 am UTC| Technicals
GBP/AUD up 0.68% on the day, Aussie weakness post CPI miss adding support. Focus on UK Q2 GDP print for further impetus. The following are forecasts from a few major banks: UK Q2 GDP likely to post 0.4% q/q...
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