FxWirePro: Japanese Yen falls in early Asia on the back of lower than expected PPI data
May 16, 2016 01:12 am UTC| Technicals
USD/JPY is currently trading around 108.80 marks. It made intraday high at 108.84 and low at 108.46 levels. Today Japan released PPI data with negative numbers at -4.2% m/m vs -3.8% m/m previous...
FxWirePro: EUR/USD resumes downside after failing to break above 1.1375 levels
May 13, 2016 14:52 pm UTC| Technicals
EUR /USD declined sharply on Friday, after US retail sales data printed better than expected figures at 1.3%. Immediately after the data release the pair declined almost 50 pips. Currently the pair is trading around...
FxWirePro: GBP/USD dips below lower range, bearish bias increases
May 13, 2016 14:22 pm UTC| Technicals
The GBP/USD pair declined sharply on Friday to hit three week low after Bank of Englands Governor Mark Carney warned of recession if Britain votes on Junes 23 to exit the European Union. The pair was further weighted...
FxWirePro: USD/JPY maintains bullish bias with focus on 110.00 levels
May 13, 2016 12:25 pm UTC| Technicals
The pair remained in strong bullish tone on Friday as buying interest continued on dips as the pair was helped by view that the Federal Reserve is still on track to raise rates before any other major central bank. The...
FxWirePro: Gold faces strong support at 21 day EMA, good to buy at dips
May 13, 2016 12:04 pm UTC| Technicals
Major support - $1260 (21 day MA) The yellow metal has taken support near 21 day MA and recovered from that level. It is currently trading around $1276. Short term trend is slightly bullish as long as support 21...
May 13, 2016 11:00 am UTC| Technicals
Major support -156 (200 day HMA) Major resistance -158.50 GBP/JPY has retreated after making a high of 157.48.It is currently trading around 156.91. Minor weakness can be seen only below 156. Any indicative...
FxWirePro: USD/CHF faces strong resistance at 0.9800, good to sell on rallies
May 13, 2016 10:15 am UTC| Technicals
Major resistance- 0.9800 Major support 0.9640 (200 day 4H MA) USD/CHF has declined after making a high of 0.97430. It is currently trading around 0.97046. Short term trend is slightly bearish as long as...
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