FxWirePro: NZD/USD deflates from 0.6840 levels on RBNZ inflation expectations
May 17, 2016 05:20 am UTC| Technicals
NZD/USD sold-off following the release of New Zealands RBNZ Q2 inflation expectations gauge. Kiwi bulls unimpressed by a slightly better RBNZ Q2 2-year inflation expectations reading, coming in at 1.64% versus 1.63%...
FxWirePro: Go long on XAG/USD at $17.22 with stop loss at $17.09 and target of $17.46
May 17, 2016 05:01 am UTC| Technicals
XAG/USD is currently trading around $17.24 marks. It made intraday high at $17.25 and low at $17.08 levels. Intraday bias remains bullish till the time pair holds key support at $17.09 marks. On the top...
FxWirePro: EUR/AUD supported above daily cloud, weakness only on break below
May 17, 2016 04:58 am UTC| Technicals
EUR/AUD saw sharp downside as Aussie buoyed post RBA minutes which saw markets push out rate cut bets. The pair saw steep slumpfrom 1.5537 levels to hit session lows at 1.5366, but pared some losses to currently edge...
FxWirePro: Gold hovers around $1280, good to buy on dips
May 17, 2016 04:34 am UTC| Technicals
XAU/USD is currently trading around $1279 mark. It made intraday high at $1280 and low at $1273 levels. Intraday bias remains bullish till the time pair holds immediate support at $1270 marks. A daily close...
FxWirePro: AUD/JPY struggles to hold gains above the 80 handle, bias higher
May 17, 2016 04:05 am UTC| Technicals
AUD/JPY has re-taken the 80.00 handle post RBA minutes which showed that the members were not so dovish at the May 3rd meeting. Minutes revealed that members discussed the merits of leaving interest rates on hold but...
FxWirePro: AUD/USD spikes as markets price out rate cuts post publication of RBA minutes
May 17, 2016 03:28 am UTC| Technicals
Minutes of the May 3rd RBA meeting were not as dovish as expected, AUD/USD spiked past the 0.73 handle. Minutes revealed that members discussed the merits of leaving interest rates on hold but decided on balance that...
FxWirePro:ASX200 struggles to close above 5400, good to buy at dips
May 17, 2016 03:25 am UTC| Technicals
Major resistance - 5380 Major Support - 5307 (10 day EMA) ASX200 has broken major resistance 5380 and jumped till 5397 at the time of writing. It is currently trading at 5388. Short term trend is slightly...
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