FxWirePro: GBP/USD gains some upside momentum but still bearish
Mar 24, 2016 13:23 pm UTC| Technicals
GBP/USD declined in the earlier session to hit low at 1.4041 levels. However, after finding support at 1.4041 the pair has recovered to trade around 1.4128 levels in the early US session. Currently the pair trying to...
Mar 24, 2016 13:15 pm UTC| Technicals
Medium Term Try Hedging Drivers: As crude sensing strength at current WTI prices at $40 a barel, a potential higher oil prices would put renewed pressure on the current account. Uncertainty about Turkish cross-border...
FxWirePro: Hedge USD/BRL FX risks as inflationary risk soars
Mar 24, 2016 11:29 am UTC| Technicals
The Brazilian inflation figures for the first fortnight of March has printed at 0.43%, where food and administered prices have continued to lose steam taking the IPCA-15 down in the first half of March. Consumer prices...

Mar 24, 2016 11:25 am UTC| Technicals
Major support -1.4050 (Mar 16th low) Minor resistance -1.4100 (trend line joining 1.4120 and 1.4104) The pair has once recovered after making a low of 1.40580. it is currently trading around 1.40872. The...

FxWirePro: S&P 500 faces strong resistance around 2060, good to sell on rallies
Mar 24, 2016 11:18 am UTC| Technicals
Major resistance 2060 (trend line joining 2116 and 2106) Major support 2024 (trend line joining 1922 and 1968) SP500 has retreated after making a high of 2057. It is currently trading around 2030. Short...

GBP/USD faces minor resistance at 1.4100, break above targets 1.4200/1.42452
Mar 24, 2016 09:46 am UTC| Technicals
Major support -1.4050 (Mar 16th low) Minor resistance -1.4100 (trend line joining 1.4120 and 1.4104) The pair has once recovered after making a low of 1.40580. it is currently trading around 1.40872. The...

DAX30 forms Gravestone Doji, decline till 9650 is possible
Mar 24, 2016 09:09 am UTC| Technicals
Candle stick pattern- Gravestone Doji Major resistance -10120 Dax has retreated after making a high of 10116.It is currently trading around 9967. Short term trend is weak as long as resistance 10120 holds....