Nikkei trades in narrow range , good to buy at dips
Apr 07, 2016 02:24 am UTC| Technicals
Major Support - 15500 Major resistance - 16300 The index has made a low of 15533 and recovered till from that level. It is currently trading around 15857.Intra day trend is slightly bullish as long as support...
FxWirePro: Gold back above $1220 after FOMC minutes
Apr 07, 2016 01:56 am UTC| Technicals
XAU/USD is currently trading around $1224 mark. It made intraday high at $1226 and low at $1222 levels. FOMC March meeting minutes failed to provide any hints regarding further interest rate hike. According...
FxWirePro: Japanese Yen gets volatile after BOJ governor Kuroda’s comments
Apr 07, 2016 01:18 am UTC| Technicals
USD/JPY is currently trading around 109.49 marks. It made intraday high at 109.90 and low at 109.46 levels. Today BOJ governor Kuroda delivered opening remarks at the quarterly meeting of Bank of Japans branch...
FxWirePro: Gold declines towards 1222 levels ahead of FOMC statement as safe heaven demand eases
Apr 06, 2016 17:00 pm UTC| Technicals
The yellow metal declined on Wednesday as investors remained cautious ahead of Federal Reserves first policy meeting of the month which is expected to throw some light on further US rate hike. If the upcoming...
FxWirePro: EUR/USD rallies towards 1.1380 levels, but reversal is likely
Apr 06, 2016 14:55 pm UTC| Technicals
The EUR/USD pair jumped up towards 1.1400 after US market opened as the pair once again found buying interest around 1.1329 price zone. However the pair was unable to move above 1.1400 ahead of the major FOMC meeting...
FxWirePro: GBP/USD holds above 1.4050 but upside is limited
Apr 06, 2016 13:35 pm UTC| Technicals
Sterling declined sharply to hit 1-month low against the greenback on Wednesday, as the sterling stumbled again on Brexit fears . The pair lost over 160 pips so far, having been under strong selling pressure since the...
FxWirePro: USD/JPY pauses decline, downside risk remains
Apr 06, 2016 13:17 pm UTC| Technicals
USD/JPY pair in the early US session has paused to trade around 110.35 levels, having declined down earlier towards 110.22 during the previous European session. The pair is trading a few pips above its daily opening,...
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