Oct 12, 2016 06:33 am UTC| Technicals
After the rejection in the rallies of this pair again at theresistance of 0.7698 levels, we could spot out back to back long legged doji patterns at 0.7584 and 0.7606 levels. This bearish formation pushes the current...
FxWirePro: Buy GBP/JPY above 127.55
Oct 12, 2016 06:32 am UTC| Technicals
Major resistance- 127.55 (trend line joining 129.61 and 128.61). Major support- 124.80. The pair has formed a double bottom around 124.80 and started to recover from that level .it is currently trading around...
FxWirePro: EUR/JPY momentum turns bearish after rejection at 100-DMA, bias lower, stay short
Oct 12, 2016 06:28 am UTC| Technicals
EUR/JPY is extending downside after rejection at 100-DMA resistance. Momentum has turned bearish, we see scope for further downside. The pair is currently holding 20-DMA support at 114 levels, break below could...
FxWirePro: USD/JPY hovers around 100-DMA at 103.42 ahead of FOMC minutes, momentum studies bullish
Oct 12, 2016 06:00 am UTC| Technicals
USD/JPY is holding above 100-DMA at 103.42 as markets await FOMC meeting minutes. Major trendline resistance at 104 levels, spinning top formation seen on Tuesdays trade. Momentum studies remain bullish, RSI...
FxWirePro: USD/ZAR hits fresh 4-week high on news that S.Africa’s finance minister Gordhan summoned
Oct 12, 2016 05:50 am UTC| Technicals
USD/ZAR is currently trading around 14.32 levels. It made intraday high at 14.37 and low at 14.28 levels. Intraday bias remains bullish till the time pair holds key support at 14.00 marks. A daily close...
FxWirePro: Buy Gold above $1260
Oct 12, 2016 05:42 am UTC| Technicals
Major Intraday Resistance- $1260 (trend line joining $1277 and $1265). Major support - $1249.60 (Oct 6th low). The yellow metal formed a temporary bottom around $1250 and is struggling to break below that level....
FxWirePro: NZD/USD recovery capped shy of 0.71 handle, focus on FOMC minutes
Oct 12, 2016 04:57 am UTC| Technicals
NZD/USD edges higher from session lows at 0.7050 on short covering rally after the recent sell-off. Broad-based US dollar weakness ahead of the FOMC minutes, also lends support. Upside capped shy of 0.71 handle,...
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