FxWirePro: USD/JPY reclaims 115 handle, finds strong support by 50-DMA at 113.59
Jan 13, 2017 01:18 am UTC| Technicals
Technical Studies: USD/JPY has held above 50-DMA support at 113.59, we see further weakness only on break below. The pair has at the time of writing reclaimed the 115 handle. Trend remain lower, some consolidation...
FxWirePro: EUR/KRW stabilizes around 1,250 mark as Bank of Korea keeps base rate flat at 1.25 %
Jan 13, 2017 01:10 am UTC| Technicals
EUR/KRW is currently trading around 1,250 mark. Pair made intraday high at 1,250 and low at 1,245 levels. Intraday bias remains neutral till the time pair holds immediate resistance at 1,256 mark. A...
FxWirePro: GBP/USD rallies above 1.2250 but reversal is likely high
Jan 12, 2017 15:38 pm UTC| Technicals
The GBP/USD pair rose on Thursday as the dollar fell following U.S. President-elect Donald Trumps long-awaited news briefing the day before. Trump delivered a wide-ranging briefing on Wednesday that lasted longer than...
US Dollar Index faces strong support at 100.60, break below targets 99.45
Jan 12, 2017 13:00 pm UTC| Technicals
Major support 100.60 The U.S dollar index breaks major support at 50% fibo level and declined till 100.76 at the time of writing. It is currently trading around 100.86. On the lower side any break below 100.60...
Jan 12, 2017 12:37 pm UTC| Technicals
Major resistance 141.50 (200- day MA) Major support -139.54 (89- day EMA) The pair breaks major support 140 and declined till 139.63 at the time of writing. It is currently trading around 141.30. GBP/JPY...
Jan 12, 2017 11:04 am UTC| Technicals
Well, after looking at the title of this write up one may have come up here with heavy bearish mind-set, but in reality, it isnt that threatening for the bulls of this pair than it really seems. Price swings stuck in...
FxWirePro: Buy EURUSD above 1.06700
Jan 12, 2017 10:05 am UTC| Technicals
Major resistance 1.0670 (Dec 14th 2016 high) Major support 1.04600 (61.8% retracement of 1.03400 and 1.06645) EUR/USD has taken support near 104540 and recovered sharply from that level. It is currently trading...
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