FxWirePro: EUR/JPY attempting gains above 126 handle, awaits German Ifo data
Mar 22, 2016 06:17 am UTC| Technicals
EUR/JPY is attempting to break above strong trendline resistance at 126.20. The pair has broken above 38.2% Fib of 132.28 to 122.05 fall at 125.96 and has reclaimed the 126 handle. Markets focus on Euro area...
GBP/JPY faces strong resistance around 161.60, break above targets 162.50/164
Mar 22, 2016 06:11 am UTC| Technicals
Major resistance 161.60 (trend line joining 175.01 and 164.09) Major support 159.50 The pair has recovered after making a low of 160.13. It is currently trading around 161.27. GBP/JPY is facing major...

FxWirePro: Vertical spreads to hedge WTI crude's further upside risks
Mar 22, 2016 05:53 am UTC| Technicals
CrudeOil is pulling away from the markets biggest stormin seven years. A measure of price volatility has tumbled from the highest level since January 2009 as the market frenzy eases amid a potentialpact between the worlds...

FxWirePro: AUD/USD retakes 0.76 handle, good to buy dips, scope for test of 0.7650
Mar 22, 2016 05:50 am UTC| Technicals
AUD/USD pops higher on RBA Stevens, retakes the 0.76 handle, we see scope for tests of 0.7650 levels. RBAs Glenn Stevens, speaking at the ASIC Annual Forum in Sydney, said theres more room to ease policy than most...

FxWirePro: Aussie spikes on RBA Stevens speech, AUD/JPY up 20 pips to hit session highs at 85.29
Mar 22, 2016 05:31 am UTC| Commentary Technicals
RBAs Glenn Stevens, speaking at the ASIC Annual Forum in Sydney, said theres more room to ease policy than most should a serious downturn occur. Stevens said that Australias economy improving, financial system more...
Mar 22, 2016 05:03 am UTC| Technicals
Pair is currently trading around 4.0200. It made intraday high at 4.0610 and low at 4.0220 levels. Intraday bias remains bearish till the time pair holds key resistance at 4.0933. A sustained break above key...

FxWirePro: NZD/USD largely rangebound, further bullishness only on break above 0.6870
Mar 22, 2016 05:01 am UTC| Technicals
NZD/USD has been trading in a narrow range after seeing rejection at 0.6874 (strong trendline resistance) on March 18th. Upside on the day seen capped by 5-DMA at 0.6776, while immediate support on the downside lies...