FxWirePro: GBP/INR outlook – upside reward attractive
Nov 16, 2015 05:39 am UTC| Insights & Views Technicals
Pound faced severe backlash just a little more than week back, when Bank of England (BOE) pushed back inflation and rate hike expectations in its monetary policy statement, quarterly inflation bulletin and minutes, pushing...
FxWirePro: AUD/USD holds above 0.71 barrier, good to buy dips
Nov 16, 2015 04:47 am UTC| Technicals
The antipodeans had a subdued tone on Monday as investors showed caution following the Paris terror-strike which triggered risk-off sentiment. AUD/USD opened Mondays trade at 0.7106, down from a peak of 0.7160 on...
FxWirePro:Sell GBP/JPY on rallies around 186.35-40 with SL around 187 for the TP of 185/184.70
Nov 16, 2015 04:06 am UTC| Technicals
GBP/JPY has made a high of 187 and retreated from that level.Overall trend is bearish as long as 187 holds. On the lower side major support is around 185.70. Any break below 185.70 will drag the pair further down...
Gold rises on France terror attacks -Watch out for $1070
Nov 16, 2015 03:37 am UTC| Technicals
Gold has once again made a low of $1079 on Friday and recoveredfrom that level. It is currently trading around $1093. In monthly chart MACD is showing oversold level and a jump till $1130/$1160 is possible . On...
FxWirePro: GBP/USD key support at 1.5132, bullish in the short term
Nov 13, 2015 15:54 pm UTC| Technicals
GBP/USD has lost some ground to dollar to trade around 1.5187 levels after slipping from 1.5263 levels. The cable is currently trading in oversold condition and a rebound towards higher levels can be expected sooner or...
FxWirePro: USD/JPY key support at 122.44, buy deal are recommended around 122.50
Nov 13, 2015 15:14 pm UTC| Technicals
USD/JPY dropped towards 122.45 levels after the release of retail sales data from US market. However the pair rebounded after finding support around 122.42 levels and is consolidating around 122.50 to reach higher levels....
FxWirePro: Place condor spreads on EUR/CHF lower IVs
Nov 13, 2015 13:40 pm UTC| Technicals
We predict marginal downswings on daily charts with clear converging signals from RSI (14) and stochastic curves. Although there is no trace of drastic or dramatic movements on either side we still sense some sort of...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects