FxWirePro: GBP/USD outlook weaker on renewed downside pressure
Jul 05, 2016 18:35 pm UTC| Technicals
The GBP/USD slipped sharply from 1.3169 levels to hit low at 1.3000 in early the US Session as the pair was weighted down on growing worries about the economic and financial fallout of Britains vote to leave the European...
Chart of the Day: United Kingdom's Achilles' heel
Jul 05, 2016 17:43 pm UTC| Commentary Technicals
As of 2016, the United Kingdoms current account deficit has reached more than 7 percent of the GDP. However, the Kingdom can easily finance its deficit through its large capital account surplus and positive Foreign Direct...
FxWirePro: EUR/USD changes short term trend from bullish to bearish
Jul 05, 2016 17:34 pm UTC| Technicals
The EUR/USD pair has declined towards lower levels on Tuesday, as the US dollar gained strength across the board as weak Chinese data and Brexit worries triggered a fresh scramble for most liquid assets. At the moment...
FxWirePro: USD/CAD consolidating around 1.2950, bias is bullish
Jul 05, 2016 15:35 pm UTC| Technicals
Canadian dollar declined against US dollar on Tuesday, as the loonie was weighted down on uncertainty about the global of economic growth in the face of a slower China and signs of economic stress stemming from Britains...
Jul 05, 2016 12:30 pm UTC| Technicals
Major resistance: 1.11880 (Jun 24th high) The pair ahs jumped till 1.11855 at the time of writing and declined from that level. It is currently trading around 1.11400. The short term bearish trend from 1.14278...
FxWirePro: CAD/JPY upside capped by daily Tenkan-Sen, good to sell on rallies
Jul 05, 2016 12:12 pm UTC| Technicals
Major resistance- 80 (Jun 30th high) CAD/JPY has made a high of 79.95 yesterday and started to decline from that level. It is currently trading around 79.69. The pair has also broken major support 79.15 (4H...
FxWirePro: EUR/USD struggles to break above 1.1188, good to sell on rallies
Jul 05, 2016 10:04 am UTC| Technicals
Major resistance: 1.11880 (Jun 24th high) The pair ahs jumped till 1.11855 at the time of writing and declined from that level. It is currently trading around 1.11400. The short term bearish trend from 1.14278...
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