FxWirePro:Gold struggles to close above 7- day MA ,good to sell on rallies
Dec 06, 2016 05:56 am UTC| Technicals
Gold continued its losing streak and breaks major support $1160 declined till $1156.98. The yellow metal is trading weak on account of strong U.S dollar and Fed rate hike fears. But the Italian no vote referendum...
FxWirePro: EUR/AUD struggles at 50-DMA, breakout above to test 1.4575 levels
Dec 06, 2016 05:53 am UTC| Technicals
EUR/AUD has broken minor trendline support at 1.4325. The pair is currently struggling to break above 50-DMA at 1.4407. Technical studies are bullish, we see scope for test of 1.4575 on breakout above...
FxWirePro: NZD/USD on track to test 100-DMA at 0.7193, stay long
Dec 06, 2016 05:05 am UTC| Technicals
Broad-based US dollar weakness supports NZD/USD higher. Focus on NZ GDT price index ahead of tomorrows RBNZ Governor Wheelers speech for further impetus. NZD/USD edges higher from session lows at 0.7093, retakes...
FxWirePro: ASX200 struggles to close above 5500, good to sell on rallies
Dec 06, 2016 04:25 am UTC| Technicals
Major intraday support - 5380 Major resistance - 5505 (Oct 11th 100- day MA). The index has made a minor top around 5508 and declined from that level. It is currently trading around 5456.Short term trend is still...
FxWirePro: Possible "Bearish Bat pattern" on AUD/USD, good to go long on dips
Dec 06, 2016 04:25 am UTC| Technicals
Aussie shows muted reaction, remains largely unchanged on RBAs status-quo. RBA kept its Official Cash Rate (OCR) unchanged at a record low of 1.5%, as widely expected, at its policy meeting earlier...
FxWirePro:Nikkei faces strong support at 18200, good to buy on dips
Dec 06, 2016 03:33 am UTC| Technicals
Nikkei225 has slightly recovered after making a low of 18224 .The index declined from the high of 18742 after PM resigns on a clear referendum defeat. It is currently trading at 18344 0.26% lower. Technically index is...
FxWirePro: USD/THB stabilizes around 35.60 mark, stay bullish only above 35.70
Dec 06, 2016 03:22 am UTC| Technicals
USD/THB is currently trading around 35.61 marks. It made intraday high at 35.63 and low at 35.58 marks. Intraday bias remains neutral till the time pair holds key resistance at 35.70 marks. On the top side...
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
Why Germany ditched nuclear before coal – and why it won’t go back
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