Nov 10, 2016 11:25 am UTC| Technicals
Bearish Bat pattern formed on NZD/USD dailies. The pair is extending downside from multi-week highs at 0.74 handle. RBNZ spike quickly faded, pair slips below 0.73 handle. RBNZ decided to cut cash rate by 25...
FxWirePro: AUD/CAD finds major resistance at 1.0350, break above to see further upside
Nov 10, 2016 07:23 am UTC| Technicals
Our medium term-outlook for the pair as given in the below-mentioned call has reached target levels. (http://www.econotimes.com/FxWirePro-AUD-CAD-medium-term-outlook-256313) The pair now finds major resistance at...
FxWirePro: Norwegian krone appreciates against euro on robust CPI data
Nov 10, 2016 07:18 am UTC| Technicals
EUR/NOK is currently trading at 9.0650 levels. It made intraday high at 9.1082 and low at 9.0605 levels. Intraday bias remains neutral till the time pair holds key resistance at 9.0958 marks. A sustained...
Nov 10, 2016 06:57 am UTC| Technicals
After yesterdays Trump presidential impact, themajority of the FX pairs began rallying from previous days losses, especially Asian currency crosses and stocks. On thedaily chart, you could see a bounce back from...
FxWirePro: EUR/AUD resumes downside as volatility settles, good to short rallies
Nov 10, 2016 06:46 am UTC| Technicals
As noted in our previous call (http://www.econotimes.com/FxWirePro-EUR-AUD-faces-major-resistance-at-200-DMA-further-upside-only-on-break-above-391547), the pair remained capped below 200-DMA. We see resumption of...
FxWirePro: Silver higher in early hours of Asia, upside limited
Nov 10, 2016 06:19 am UTC| Technicals
XAG/USD is currently trading around $18.65 marks. It made intraday high at $18.68 and low at $18.36 levels. Intraday bias remains bullish till the time pair holds immediate support at $18.25 marks. A daily...
FxWirePro: USD/JPY on track to test 200-DMA at 106.58, good to long dips
Nov 10, 2016 06:02 am UTC| Technicals
USD/JPY extends volatile trade as markets weigh the positive vs negatives of Trump presidency. The pair hit lows of 104.96 on reports of Anti-Trump protests across America. Has recovered losses and is currently...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects