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...
FxWirePro: GBP/USD declines after weaker UK CPI data, good to buy on dips
Jul 18, 2017 10:39 am UTC| Technicals
Cable has dipped slightly after hitting fresh 2017 high at 1.31139 yesterday. The pair declined till 1.30158 after weaker than expected UK CPI data. . UK inflation came at 2.6% compared to forecast of 2.9% It is currently...
FxWirePro: AUD/JPY spikes above weekly 200-SMA at 88.68 to hit 19-month highs at 88.94, bias higher
Jul 18, 2017 09:11 am UTC| Technicals
Aussie buoyed on upbeat RBA comments in the monetary policy statement. AUD/JPY soars 1.26 pct on the day, spikes past weekly 200-SMA to hit 19-month highs at 88.94. Technical studies support further gains in the...
FxWirePro: USD/ZAR remains well supported below 13.00 mark, bias remains bearish
Jul 18, 2017 07:46 am UTC| Technicals
USD/ZAR is currently trading around 12.92 levels. It made intraday high at 12.95 and low at 12.88 levels. Intraday bias remains bearish till the time pair holds key resistance at 13.05 mark. A daily close...
FxWirePro: GBP/JPY downside capped by 10- day MA, good to buy on dips
Jul 18, 2017 07:25 am UTC| Technicals
GBP/JPY declined slightly after hitting high of 147.60 yesterday. The pair downside capped by 10- day MA and any break below confirms minor weakness. It is currently trading around 147.13. The temporary top formed at...
FxWirePro: Gold trades higher on Trump’s health care bill collapses, good to buy on dips
Jul 18, 2017 07:22 am UTC| Technicals
Gold recovered almost $35 from the low of $1204 made on Jul 10th 2017. The yellow metal jumped till $1238 and is currently trading around $1237.55. Euro jumped sharply and hits fresh 52 week high yesterday after...
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