FxWirePro: 200-DMA at 121.46 strong resistance for USD/JPY, further bullishness only on breaks above
Feb 01, 2016 05:02 am UTC| Technicals
USD/JPY trades a narrow range on the day 121.48/10, consolidating after the massive spike post BoJ surprise rate decision on Friday. The pair has strong resistance by 200-DMA (currently at 121.46), further gains...
Gold higher after China PMI data
Feb 01, 2016 04:23 am UTC| Technicals
Gold prices rose after mixed manufacturing and services data out of China. The Chinese Manufacturing Purchasing Managers Index (PMI) eased from 49.7 in December to 49.4 last month, the lowest reading since August...
FxWirePro: Poor China’s PMI data dents Aussie, good to sell AUD/USD rallies
Feb 01, 2016 04:11 am UTC| Technicals
Poor Chinas PMI data over the weekend, along with lower commodities prices continue to dent sentiment, weighing on the Aussie. Aussie halted its four-day winning streak and edged lower to currently trade at...
Major Asian Indices Technicials
Feb 01, 2016 03:34 am UTC| Technicals
Hang Seng: Hang Seng has broken major resistance 19500 and jumped till 19740. It is currently trading around 19635. Short term trend is still bullish as long as support 19200 holds. The index major resistance is...
FxWirePro: EUR/GBP trades rangebound, UK PMI data to provide direction
Feb 01, 2016 03:34 am UTC| Technicals
EUR/GBP has been trading a tight range, days high at 0.7613 and lows by 0.7596, bias is lower. On 4-Hourly charts, the pair has been trading a symmetrical triangle, and break out on either side required for further...
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
Jan 29, 2016 17:10 pm UTC| Technicals
The Cable declined sharply on Friday after Bank of Japan rate cut triggered gains for US dollar against Sterling.Sterling was further hammered down in the US session after the release of US GDP data which came in line with...
FxWirePro: USD/CHF consolidates around 1.0250, good to buy on dips
Jan 29, 2016 15:53 pm UTC| Technicals
The USD/CHF rebounded from 1.0200 levels to hit high at 1.0241 levels, after the release US GDP data which came in line with the expectations at 0.7%. However, dollar gained strength on the day broadly due to unexpected...
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