Aussie recovers above 0.70 marks, crashed by 100 pips during London session
Feb 11, 2016 11:32 am UTC| Technicals
Pair is currently trading at $0.7041 levels. It made intraday high at $0.7153 and low at $0.6983 levels. A daily close above $0.7241 will bring another rise. On the other side, deeper fall should be seen for...
Yen rise is eroding positive effects of Abe's stimulus policies; will the BoJ step in?
Feb 11, 2016 10:27 am UTC| Technicals
Risk appetite disappeared quickly yesterday evening after Yellens testimony. The SP500 future was 1.4% lower than at the European close. US bond yields dropped sharply, with the 2Y yield down 4bp to 69bp and the 10Y yield...
Feb 11, 2016 10:19 am UTC| Technicals
Pair is currently supported below 1.40 marks and trading at 1.3975 levels. It made intraday high at 1.3999 and low at 1.3882 levels. Intraday bias remains bearish below 1.4102 marks. Above 1.4102 key...
Feb 11, 2016 10:03 am UTC| Technicals
Major resistance - 1.4580 (trend line joining 1.5240 and 1.46633) Cable has retreated after making a high of 1.4578. It is currently trading around 1.4488. Short term is weak as long as resistance 1.4580...
FxWirePro: GBP/USD faces strong resistance around 1.4580, good to sell on rallies
Feb 11, 2016 09:11 am UTC| Technicals
Major resistance - 1.4580 (trend line joining 1.5240 and 1.46633) Cable has retreated after making a high of 1.4578. It is currently trading around 1.4488. Short term is weak as long as resistance 1.4580 holds. On the...
FxWirePro: Buy risk reversals and hedge with back spreads as Gold shining to upside risks
Feb 11, 2016 08:22 am UTC| Technicals
With gold CFDs flashing at 1207.00 we see delta risk reversal for 1W-1M contracts have shown higher positive numbers that signal upside risks in this commodity next 1W-1M call options are on higher demand. As you can make...
FxWirePro: MXN at record lows against USD and EUR, volatile crude prices weigh
Feb 11, 2016 08:14 am UTC| Technicals
Sharp drop in crude prices since last June are likely to dampen prospects of foreign direct investment in Mexicos newly opened oil fields. The peso has slumped nearly 10 percent so far this year, prompting the...
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