FTSE100 breaks below 6500, decline till 6408/6300 is possible
Jul 05, 2016 08:51 am UTC| Technicals
Major resistance 6625 (127.2% retracement of 6431 and 5727) Major support 6450 (200 WMA) The index has made a temporary top around 6628 and declined from that level. It is currently trading around 6502. On...
FxWirePro: Stay hedged or arbitraged in WTI crude ahead of economic concerns and API guesstimates
Jul 05, 2016 08:18 am UTC| Technicals Insights & Views
Technically, both daily and weekly charts suggest sell indications as there RSI signaling downward convergence with the slumping prices (currently RSI 14 trending at around 60 levels), while %D crossover sustains on slow...
FxWirePro: Swedish krona falls after lower than expected industrial production data
Jul 05, 2016 07:55 am UTC| Technicals
EUR/SEK is currently trading around 9.4016 levels. It made intraday high at 9.4079 and low at 9.3775 levels. Intraday bias remains bullish till the time pair holds key support at 9.3636 marks. A daily close...
FxWirePro: DAX30 struggles to close above 9800, good to buy at dips
Jul 05, 2016 07:12 am UTC| Technicals
Major resistance 9815 (90 4H EMA) The index has broken psychological resistance at 9800 and jumped till 9812 at the time of writing. It is currently trading around 9769. DAX30 should close above 9815 for further...
FxWirePro:CHF/JPY breaks major trend line support, good to sell on rallies
Jul 05, 2016 07:11 am UTC| Technicals
Major support 105.12 (trend line joining 103.54 and 104.03) Major resistance- 106 The pair has broken trend line support and declined till 104.80 at the time of writing. It is currently trading around...
FxWirePro: NZD/CAD breaks major support at 0.9275, good to go short on rallies
Jul 05, 2016 07:06 am UTC| Technicals
NZD/CAD has breached major trendline support at 0.9275, intraday bias is lower. Technicals on 4-hourly charts support downside, Stochs have rolled over from overbought zone and RSI is biased lower. Immediate...
FxWirePro: USD/RUB hits fresh 9 –month low at 61.73 mark, break below targets 60.76 mark
Jul 05, 2016 06:59 am UTC| Technicals
USD/RUB is currently trading around 64.26 levels. It made intraday high at 65.00 and low at 61.73 levels. Intraday bias remains neutral for the moment. Pair hits fresh 9 month low at 61.73 marks but the...
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
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects