FxWirePro: Gold trades lower on revived rate hike expectations, good to sell on rallies
May 18, 2016 05:54 am UTC| Technicals
Gold has slightly retreated after making high of $1282 on revived rate hopes expectations. Atlanta Fed President Dennis Lockhart said on Tuesday that he still assumes there will be two to three rate hikes and Dallas...
FxWirePro: AUD/CAD holds major support at 0.9418, good to go short on breaks below
May 18, 2016 05:42 am UTC| Technicals
AUD/CAD trades with a downward bias. Momentum studies on dailies are bearish. The pair is currently holding above strong trendline support at 0.9418, weakness to resume on breaks below. Next strong support aligns...
FxWirePro: USD/SGD breaks key resistance at 1.3740, good to buy on dips
May 18, 2016 05:18 am UTC| Technicals
USD/SGD is currently trading around 1.3735 marks. It made intraday high at 1.3747 and low at 1.3685 levels. Intraday bias remains bullish till the time pair holds key support at 1.3698. A sustained close...
FxWirePro: Kiwi on the back-foot, NZD/USD slips below 0.78 handle, good to sell rallies
May 18, 2016 04:40 am UTC| Technicals
NZD/USD had gained some traction overnight in the US session on the back of the GDT auction, but US dollar picked-up significant strength across the board on upbeat US CPI figures. Kiwi bulls brush aside NZ dairy...
FxWirePro: Indian rupee hits fresh monthly low against US dollar, intraday bias remains bullish
May 18, 2016 04:38 am UTC| Technicals
USD/INR is currently trading around 66.91. It made intraday high at 66.96 and low at 66.82 marks. Intraday bias remains neutral till the time pair holds key resistance at 66.91 marks. A daily close below...
FxWirePro: USD/JPY rebounds from session lows at 108.72, retakes the 109 handle
May 18, 2016 03:53 am UTC| Technicals
USD/JPY rebounds from session lows in response to better-than-expected Japanese GDP data for the first quarter of 2016. Data released earlier today showed that Japans preliminary real Q1 2016 GDP came at 0.4% q/q vs...
FxWirePro: ASX200 faces strong resistance at 5400, good to buy at dips
May 18, 2016 03:03 am UTC| Technicals
Major resistance - 5400 Major Support - 5325 (10 day EMA) ASX200 has broken major resistance 5380 and jumped till 5401. It is currently trading at 5385. Short term trend is slightly bullish as long as...
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