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...
Nikkei225 faces strong resistance at 17000, good to buy at dips
May 17, 2016 03:13 am UTC| Technicals
Major resistance - 16985 (100 day EMA) Major support - 16425 (10 day EMA) Nikkei index has slightly recovered after making a low of 16404.It is currently trading around 16582. Short term trend is slightly...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects