
Mar 03, 2016 11:22 am UTC| Commentary Technicals
In U.K. this weeks purchase managers index in all trajectories (manufacturing, construction and service) have been highly disappointing to miss forecasts. Manufacturing PMIs dropped vigorously from previous 52.9 to...

USD/JPY consolidates below 114.87, buy on dips
Mar 03, 2016 11:19 am UTC| Technicals
Pair is currently supported bellow 114.0 marks and trading around 113.94 levels. It made intraday high at 114.26 and low at 113.41 levels. Near term trend remains neutral till the time pair holds key support...

EUR/USD faces minor resistance at 1.0880, break above targets 1.09850/1.1000
Mar 03, 2016 11:03 am UTC| Technicals
Major Intraday resistance - 1.0880 Major support - 1.0820 The pair has made a high of 1.08771 at the time of writing and slightly retreated from that level. It is currently trading around 1.08698. On the...

Turkish lira continues to appreciate against US dollar, sell on rallies
Mar 03, 2016 10:41 am UTC| Technicals
Pair is currently trading at 2.9240 levels. It made intraday high at 2.9325 and low at 2.9156 levels. Intraday bias remains bearish for the moment. A daily close above 2.9471 will turn the bias bullish...

Expect significant volatility in CAD amidst major event risks this month
Mar 03, 2016 10:02 am UTC| Technicals
Growth in Canada during 2015 was at its slowest pace since the recession of 2009. Slump in oil prices and Chinas uncertainty sunk CAD exchange rates (vs USD and GBP) to ten-year lows ahead of the Liberal governments first...

Mar 03, 2016 09:59 am UTC| Technicals
Delta risk reversals of EURCHF: From the nutshell, we understand that 25-delta risk of reversal of EURCHF has been one of the most expensive pairs to be hedged for downside risks as it indicates puts have been relatively...

FxWirePro: FTSE100 faces strong resistance at 6210, good to sell on rallies
Mar 03, 2016 09:14 am UTC| Technicals
Major resistance - 6210 (trend line joining 6874 and 6764) Major support - 6080 The index has retreated after making a high of 6209. It is currently trading around 6123. Short term trend is weak as long as...