GBP/USD almost flat after BOE’s unchanged monetary policy
Jan 15, 2016 05:40 am UTC| Technicals Central Banks
Pair is just supported above $1.4400 mark and currently trading at $1.4408 levels. Dropping below the $1.44 mark confirmed the bearish bias, with a further decline possible toward $1.42 in the near term. In the...

Gold hovering around $1080 mark, minor upside correction expected
Jan 15, 2016 03:47 am UTC| Technicals
During Thursdays trading session, European stocks partially recovered and the dollar erased most of its losses, which led to a slide in the gold price. Futures for gold slumped 1.31% to trade at an intraday low of...
FxWirePro: USD/JPY consolidating around 118.15, bias is bullish
Jan 14, 2016 19:46 pm UTC| Technicals
USD/JPY has strongly rebounded after hitting support level at 117.22 and is inching to test resistance level at 118.35, the support level at 117.50 is set to limit any downside and push the pair towards higher levels in...
FxWirePro: USD/CAD heads upwards as crude oil prices hovers around 12 year low
Jan 14, 2016 15:30 pm UTC| Technicals
Canadian dollar has continued to decline against US dollar on Thursday, after crude oil prices once again slipped fell $ 30 a barrel. The outlooks for crude remains bearish as the demand are slowing and there is over...
FxWirePro: EUR/USD breaks resistance at 1.0850 levels, scope for further upside
Jan 14, 2016 14:43 pm UTC| Technicals
The pair found renewed bullish momentum after breaking resistance level at 1.0850 and is inching upwards to test next resistence level at 1.0950. The pair is trading around 1.0908 levels and it is expected advance...
FxWirePro: GBP/USD strongly bearish despite upside attempts
Jan 14, 2016 14:02 pm UTC| Technicals
GBP/USD Initially declined to hit low at 1.4362 levels before rebounding back towards 1.4409 levels after Bank of England minutes showed 8-1 voting in keeping the interest rate unchanged. The ongoing weakness is set...

FxWirePro: EUR/USD diagonal PRBS for hedging swings with reduced
Jan 14, 2016 13:49 pm UTC| Technicals
As you can observe from the table showing implied volatilities of ATM contracts edging higher which is highest among G10 currency space (EURUSD of 1W-1M expiries show 11.9% and 9.93%). While risk reversal is seen...