FxWirePro: Kiwi depreciates against major peers as PPI index drops in Q1
May 18, 2016 01:07 am UTC| Technicals
AUD/NZD is trading around 1.0760 marks. Pair made intraday high at 1.0770 and low at 1.0747 marks. Today New Zealand released PPI data with negative numbers. It fell to -1.0% during the March quarter after...
FxWirePro: Gold prices set to advance further, bullish extension till 1300 is likely
May 17, 2016 19:14 pm UTC| Technicals
The yellow metal inched higher on Tuesday, as weaker dollar and falling stock markets increased demand for safe heaven assets like gold and Japanese yen. The commodity is set to advance further towards higher side in...
FxWirePro: EUR/USD stronger after US inflation data, outlook remains bullish
May 17, 2016 16:30 pm UTC| Technicals
EUR inched higher against US dollar on Tuesday after data US inflation data failed to convince investors that Federal Reserve was moving closer to another interest rate hike. The pair declined from 1.1330 to hit low...
FxWirePro: USDJPY neutral near-term, scope for upward resumption
May 17, 2016 14:16 pm UTC| Technicals
The USD/JPY pair declined on Tuesday, after data release from US showed building permits came less than expected figures at 1.116 million in April and Core CPI came at 0.2% . Immediately after the data release the...
FxWirePro: USD/CAD strongly bearish despite upside attempts
May 17, 2016 12:27 pm UTC| Technicals
The USD/CAD pair inched higher on Tuesday as crude oil prices declined, with the currency pair pulling back from daily lows reached in the early Europeansession. The pair hit low at 1.2833 before recovering to trade...
FxWirePro: BTC/USD faces strong resistance at $470, good to sell on rallies
May 17, 2016 12:03 pm UTC| Technicals
Major resistance -$470 (Apr 26th 2016) BTC/USD has slightly recovered from the low of $451 yesterday. It is currently trading around $453.79 Minor trend is slightly bearish as long as resistance $470...
May 17, 2016 11:05 am UTC| Technicals
Loonie has raised above Friday high of 1.29572 and declined from that level yesterday . Overall yesterday trend was very weak on account of better than expected existing home sales data of Canada and stronger crude oil...
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