FxWirePro: GBP/USD key resistance at 1.5191, bearish in the short term
Dec 01, 2015 14:13 pm UTC| Technicals
GBP/USD edged higher in the earlier session to hit high at 1.5122 levels. However, the pair has lost some ground after UK Manufacturing PMI printed negative figures to trade around 1.5070 levels. Currently the price...
FxWirePro: Swiss records lackluster economic prints, USD/CHF uptrend remains intact
Dec 01, 2015 13:19 pm UTC| Technicals
Swiss GDP q/q disappoints by missing forecasts. A dip from previous 0.2% to 0.0% has missed the projections at 0.2%. While a negative retail sales at -0.8% were way below from previous flashes at 0.2% and projections at...
Dec 01, 2015 12:24 pm UTC| Technicals
GBP/USD has made a high of 1.51250 and declined from that level after release of weaker than expected UK Manufacturing PMI. UK Manufacturing PMI fell to a seasonal adjusted 52.7 in Nov compared to forecast of...
FxWirePro: CAD/JPY takes support around 91.60, good to buy at dips
Dec 01, 2015 12:13 pm UTC| Technicals
CAD/JPY has broken minor trend line resistance 92.05 (trend line joining 93.09 and 92.28) and jumped till 92.62 from that level. Short term trend is bullish as long as support 91.60 holds The pairs short term...
FxWirePro: WTI crude still weaker; a run through on hedging
Dec 01, 2015 12:05 pm UTC| Technicals
Although WTI crude has shown a little surge in its price, from last 3 days it was unable to sustain these gains, we look out for a drag up to 39.90 levels. The ongoing robust level of crude oil production is likely to...
GBP/AUD breaks major support 2.072, decline till 2 is possible
Dec 01, 2015 11:08 am UTC| Technicals
GBP/AUD has broken major support 2.0720 and declined till 2.0699. Overall trend is weak as long as resistance 2.0120. RBA kept its cash rate unchanged at 2% and left the door open for further rate cut in 2016. UK...
Dec 01, 2015 11:08 am UTC| Technicals
Short short short..! We kept urging by saying dont jump into the guns having bullish mindset. The technicals for this commodity bolster heaps of selling indications. We spotted out the series of bearish indications...
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