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FX Hedging Strategy Series

FxWirePro: NZD/USD jump above 7 & 21DMAs upon supports at 0.6750 but resistance 0.6870 - buy cash-or-nothing-call at every dip for speculation

Mar 21, 2016 06:16 am UTC| Technicals

This APAC pair has tested supports at 0.6750 levels (7DMA is at 0.6732, 7th Mar lows and 4th and 5th of Feb highs), but bearish pressures was also seen at 0.6780 for short term trend as it rejected resistance at this...

CAD/CHF faces strong support at 0.7400, break below targets 0.7285

Mar 21, 2016 06:16 am UTC| Technicals

Major support 0.7400 (trend line joining 0.7333 and 0.7363) The pair has declined till 0.7414 and slightly recovered from that level. It is currently trading around 0.7423. Short term trend is weak as long as...

FxWirePro: NZD/USD sees strong resistance at 0.6870, good to sell rallies

Mar 21, 2016 05:36 am UTC| Technicals

NZD/USD is extending declines from strong trendline resistance at 0.6870. We see scope for downside to test 0.6615. Data today showed that visitor arrivals fell by -1.6% in February after a 2.7% rise in January and...

US dollar erases previous loss against Chinese Yuan, good to buy on dips

Mar 21, 2016 05:09 am UTC| Technicals

USDCNY is currently trading at 6.4845 levels. It made intraday high at 6.4845 and low at 6.4682 levels. Intraday bias remains bullish for the moment. A sustained break below 6.4590 will tests another support...

FxWirePro: AUD/USD holds minor support at 0.7568, weakness only on breaks below

Mar 21, 2016 04:58 am UTC| Technicals

AUD/USD has downside has tested 0.7568, and has edged slightly above to currently trade at 0.7590 levels. 0.7568 is minor trendline support for the pair, breaks below could see downside to 0.7550 and then 0.75...

Indian rupee erases previous gain against US dollar, intraday bias remains bullish

Mar 21, 2016 04:20 am UTC| Technicals

USD/INR is currently trading at 66.55 marks. It made intraday high at 66.55 and low at 66.46 levels. Intraday bias remains bullish for the moment. A daily close below 66.35 will take the parity back around...

FxWirePro: EUR/JPY capped below 10-DMA at 125.75, momentum bearish

Mar 21, 2016 04:04 am UTC| Technicals

EUR/JPY is extending decline, sees strong trendline resistance at 126.20. Some rumors of a possible BOJs intervention, lead to a slide in the Japanese currency by the end of the week. We see a Doji formation in...

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Economy

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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

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

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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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