
FxWirePro: AUD/USD pares losses on upbeat retail sales data, bias lower, stay short
Aug 04, 2017 09:11 am UTC| Technicals
AUD/USD edges higher to hover around 5-DMA at 0.7970, Aussie pares losses on upbeat retail sales data, bias lower. The RBA trimmed GDP forecasts for 2017 and cautioned markets about the negative effect of the strong...

FxWirePro: AUD/NZD holds above 100-DMA, on track to test trendline at 1.0830, stay long
Aug 04, 2017 08:48 am UTC| Technicals
The kiwi has been slipping lower in recent days and remains vulnerable ahead of RBNZ. Analysts foresee a dovish guidance on the cards. RBNZ expected to leave the OCR at 1.75%. The RBNZ will probably reiterate...

FxWirePro: USD/CHF faces strong trend line resistance at 0.9720, good to buy on dips
Aug 04, 2017 08:32 am UTC| Technicals
USD/CHF has once again shown a minor decline after jumping till 0.97170 yesterday. Intraday trend is still neutral as long as support 0.95950 holds. It is currently trading around 0.96765. The pair minor bullishness...

FxWirePro: Silver trades marginally higher ahead of NFP job data
Aug 04, 2017 07:27 am UTC| Technicals
XAG/USD is currently trading around $16.70 marks. It made intraday high at $16.72 and low at $16.62 levels. Intraday bias remains neutral till the time pair holds key support at $16.62 mark. A daily close...

FxWirePro: EUR/JPY holds above weekly 200-SMA at 130.60, weakness only on close below
Aug 04, 2017 07:27 am UTC| Technicals
EUR/JPY has broken consolidation and edged above weekly 200-SMA at 130.60. The pair hit fresh 18-month high at 131.40 and has since pared gains to currently hover around 130.79 levels. The major has broken out of...

FxWirePro: GBP/USD trades weak after dovish BOE, good to sell on rallies
Aug 04, 2017 06:48 am UTC| Technicals
GBP/USD has reached a new 11 month high yesterday at 1.32667 and dropped sharply yesterday after dovish comment by BOE. BOE voted 6-2 to keep interest rates unchanged and has trimmed its growth forecast but kept its...

FxWirePro: GBP/AUD capped below 20-DMA, Pound extends BoE induced sell-off
Aug 04, 2017 06:42 am UTC| Technicals
GBP/AUD fails to hold break above 200-DMA, slips lower after dovish BoE overnight. The Sterling seems to be extending the BoE induced sell-off and is capped below 20-DMA at 1.6550. Intraday bias has turned...