
USD/JPY remains supported around 112.00 mark, Japan’s flash manufacturing PMI in focus
Mar 22, 2016 01:27 am UTC| Technicals
USD/JPY is currently trading around 111.96 levels. It made intraday high at 112.20 and low at 111.83 marks. Japan will release flash manufacturing PMI data at 0200 GMT. Market anticipates 50.6 m/m release vs 50.1...

USD/SGD hovers around initial resistance at 1.3628, intraday bias remains neutral
Mar 22, 2016 01:03 am UTC| Technicals
USD/SGD is currently trading around 1.3622 marks. It made intraday high at 1.3631 and low at 1.3593 levels. Intraday bias remains slightly bullish till the time pair holds key support at 1.3481 levels. A...
FxWirePro:USD/JPY loses upside momentum, bearish in the near term
Mar 21, 2016 18:16 pm UTC| Technicals
The USD/JPY inched higher on Monday as US dollar bounced back from last week losses as investors shook off dovish statement from Federal Reserve. However, further upside is expected to be limited as the pair finds...
FxWirePro: EUR/USD gains some upside momentum but still bearish
Mar 21, 2016 15:58 pm UTC| Technicals
EUR has made short squeeze against US dollar by hitting high at 1.1263 after negative Existing Home Sales. However, the gains should be limited around 1.1280 as the resistance level at 1.1300 is set to hold the bulls...
FxWirePro: USD/CAD regains upward movement after oil rebound fades
Mar 21, 2016 15:14 pm UTC| Technicals
The USD/CAD surged higher on Monday, as oil prices declined towards 41.16 $ per barrel. Oil prices rebound waned in US session reversing earlier gains as uncertainty lingered over the outcome of a meeting of worlds...
FxWirePro: AUD/USD retreats from multi-month peak, outlook bearish
Mar 21, 2016 14:10 pm UTC| Technicals
AUD/USD declined on Monday as hefty gains last week left the currency pair in overbought condition. The pair slipped from 0.7616 levels to hit low at 0.7590 before recovering to trade at 0.7608 in the US...

FxWirePro: Why is ZAR depreciation is cushioned? hedging FX risks via options
Mar 21, 2016 14:07 pm UTC| Technicals
The ZAR has strengthened against the US dollar (since mid-January, the ZAR has strengthened by 7%) despite domestic uncertainties and weak global risk sentiment. Credibility is running low because South Africa finances...