FxWirePro: USD/CAD pauses decline, downside risk remains
Jul 18, 2017 13:54 pm UTC| Technicals
The USD/CAD pair continued its decline on Tuesday as the Canadian dollar gained strength as oil rose and the greenback lost further ground against basket of major currencies. The U.S. dollar sank to a 10-month low as...
FxWirePro: EUR/USD retains bullish outlook with scope to target 1.1700
Jul 18, 2017 13:37 pm UTC| Technicals
The EUR /USD pair rose on Tuesday as the dollar slumped on uncertainty over the pace of the Federal Reserves policy tightening and worries that President Donald Trump will fail to deliver healthcare reforms hit the...
USD/CHF breaks major support at 0.9550, decline till 0.9440 likely
Jul 18, 2017 13:17 pm UTC| Technicals
USD/CHF has broken major support at 0.9550 and declined slightly till 0.95380. It is currently trading around 0.9542. Any break below 0.9550 will drag the pair till 0.9520 /0.9440. Overall trend reversal below...
Jul 18, 2017 12:35 pm UTC| Technicals
Euro jumped sharply and hits fresh 52 week high yesterday after rejection of Trump health care bill by two more republican senators. Republican senators Mike Lee of Utah and Jerry Moran of Kansas has opposed the health...
FxWirePro: EUR/USD hits fresh year high, jump till 1.17135 likely
Jul 18, 2017 11:31 am UTC| Technicals
Euro jumped sharply and hits fresh 52 week high yesterday after rejection of Trump health care bill by two more republican senators. Republican senators Mike Lee of Utah and Jerry Moran of Kansas has opposed the health...
Jul 18, 2017 11:24 am UTC| Technicals
The double top formation with top 1 at 1295.46 and top 2 at 1296.06 neckline at around 1212 levels, rallies have tested support at this neckline. Shooting star signals weakness, but the current prices are hovering at...
FxWirePro: Pound slumps on surprise UK inflation dip, good to short rallies in GBP/AUD
Jul 18, 2017 10:41 am UTC| Technicals
GBP/AUD slumps below 200-DMA support at 1.6660 to hit 3-month lows at 1.6401. UK consumer prices rose at an annualized 2.6% during last month vs. a forecasted gain of 2.9% and down from Mays 2.9% raise. CPI was...
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
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight