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FX Hedging Strategy Series

FxWirePro: GBP/CAD’s dragonfly doji may trap investors with deceptive rallies, major declining trend intact amid minor rallies

Aug 18, 2016 10:28 am UTC| Technicals

Ever since the pair test supports at 1.6629 (on 4H charts), upswings have spiked above DMAs with 7DMA crossing over 21DMA which signify the buying interests. However, the major downtrend still seems intact despite the...

FxWirePro: DAX30 faces strong support at 200- HMA, good to sell on rallies

Aug 18, 2016 09:19 am UTC| Technicals

Major intraday support 10470 (200 HMA). The index has slightly recovered after making a low of 10514. It is currently trading around 10669. In the hourly chart, DAX is facing strong resistance at 10661 (100 H...

FxWirePro: GBP/USD faces strong resistance at 21-day MA, good to sell on rallies

Aug 18, 2016 08:04 am UTC| Technicals

Major resistance- 1.3100 Major support 1.2850 Cable has recovered sharply till 1.30873 after better than expected UK employment data released yesterday. It is currently trading at 1.30705. Short term trend...

FxWirePro: EUR/JPY extends range trade, focus on eurozone CPI and ECB accounts data

Aug 18, 2016 07:27 am UTC| Technicals

EUR/JPY has been trading in a narrow range between 114 and 112.30 since 3rd Aug. The pair finds major trendline support at 112.45, weakness only on break below. On the upside 20-DMA at 113.97 is immediate...

FxWirePro: AUD/CAD downside halts at 38.2% Fib, further weakness only on break below

Aug 18, 2016 07:04 am UTC| Technicals

AUD/CAD has edged higher on the day after taking support at 38.2% Fib at 0.9816 levels. Upbeat Australias jobs data released earlier today has buoyed the Aussie. Our previous call...

FxWirePro: GBP/JPY struggles to close above 132, good to sell on rallies

Aug 18, 2016 06:51 am UTC| Technicals

Major resistance 131.85 (9 day EMA). The pair has recovered sharply after making a high of 131.85 yesterday. It is currently trading around 130.75. UK employment data and earnings data which was released...

FX Hedging Strategy Series

FxWirePro: NZD/JPY bulls resumption disrupt attempts of breaching support at 72.239 but declining trend seems intact

Aug 18, 2016 06:36 am UTC| Technicals

Breach of strong supports of 72.239 to bring in a more bearish environment, Use rallies for fresh shorts. We dont see any further spikes above 74.0446 (i.e. 21DMA). The pair declined soon after the formation of long...

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Economy

China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

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Politics

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China Warns US Arms Sales to Taiwan Could Disrupt Trump’s Planned Visit

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Trump Allows Commercial Fishing in Protected New England Waters

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Science

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Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

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Technology

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

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Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

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Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

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OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

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SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....
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