Nikkei225 trades weak on stronger yen, good to sell on rallies
Jan 16, 2017 04:12 am UTC| Technicals
Nikkei225 declined sharply after showing a slight jump till 19378.The index fall was mainly due to strength in Yen. It is currently trading around 19083 1.1% lower. USD/JPY has once again breaks 115 and is trading...
FxWirePro: EUR/KRW rejects key support at 1,242 mark, faces strong resistance at 1,256
Jan 16, 2017 02:43 am UTC| Technicals
EUR/KRW is currently trading around 1,251 mark. Pair made intraday high at 1,253 and low at 1,243 levels. Intraday bias remains bullish till the time pair holds immediate support at 1,245 mark. A consistent...
FxWirePro: USD/JPY trades in narrow range after Japan’s core machinery orders, PPI data
Jan 16, 2017 01:29 am UTC| Technicals
USD/JPY is currently trading around 114.33 marks. It made intraday high at 114.45 and low at 114.09 levels. Intraday bias remains neutral till the time pair holds key support at 114.00 levels. A daily close...
FxWirePro: EUR/USD neutral in the near-term, scope for downward resumption
Jan 13, 2017 15:29 pm UTC| Technicals
The EUR /USD pair fell as low as 1.0595 in the early US session, as greenback clawed back from earlier losses after data showed U.S. retail sales rose solidly in December. U.S. retail sales rose solidly in December,...
Jan 13, 2017 14:09 pm UTC| Insights & Views Technicals
The USD weakness that started after Donald Trumps press conference continued all through the day yesterday. We arent sure whether Donald Trumps presidency proves beneficial to FX markets or stocks or not, his press...
FxWirePro:DXY major weakness below 100.60, good to sell on rallies
Jan 13, 2017 12:07 pm UTC| Technicals
Major support 100.60 Potential Reversal Zone (PRZ)- 100.30. DXY formed a bottom around 100.72 and jumped slightly from that level. It is currently trading around 101.16. The index major bottom is at 100.60...
FxWirePro:EUR/USD takes support near 1.06000 level, good to buy on dips
Jan 13, 2017 11:01 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 is showing some sort of buying interest at 1.06000. The pair declined till 1.06050 a nd...
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