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FxWirePro: AUD/CHF rejection at channel resistance in 2015 evidences huge loss in New Year – T1 at 0.7063 and T2 at 0.6969

Jan 04, 2016 08:56 am UTC| Technicals

New Year sends red flag for bulls of AUDCHF with the formation of most likely big resembling bearish engulfing pattern at 0.7180 at current juncture on daily chart. AUDCHF bearish swings have been a slant decline, it...

USDCAD breaks minor trend line resistance around 1.3920, targets 1.4115

Jan 04, 2016 08:10 am UTC| Technicals

Major resistance -1.3920 (trend line joining 1.40018 and 1.3939) The pair has broken trend line resistance 1.3920 and jumped till 1.3935 at the time of writing. It is currently trading around 1.39320. On the...

FX Hedging Strategy Series

FxWirePro: GBP/JPY ATM gamma puts in back spreads to monitor hedging objectives

Jan 04, 2016 07:51 am UTC| Technicals

The New Year series for GBPJPY has been unpleasant as we traced out gap down opening at 177.084 with day intraday lows at 175.796. Thereby, the pair has achieved our 1st targets at 177.125 and now our second target 175...

FxWirePro: Strong support for NZD/USD at 0.6720, further weakness only on breaks below

Jan 04, 2016 07:30 am UTC| Technicals

The New Zealand dollar down around 1.2 percent on the day to 0.6745 against the Greenback in light trade with financial markets there shut for a public holiday. NZD/USD pair should be on its way to achieve further lows...

FxWirePro: BTC/EUR faces minor resistance around 400, good to buy at dips

Jan 04, 2016 07:18 am UTC| Technicals Digital Currency

BTC/EUR is consolidating in narrow range between 371 and 401. It is currently trading around 396.45. The pair has taken support near 371.80 and intraday weakness can be seen only below 370 On the higher side...

FxWirePro: BTC/USD consolidates in narrow range, good to buy at dips

Jan 04, 2016 06:19 am UTC| Technicals Digital Currency

BTC/USD is trading in narrow range between $407 and $436 for the past four trading session. It is currently trading around $431. Short term trend is still bullish as long as support $400 holds. The pairs minor...

FxWirePro: Gap down penetrates more space for GBP/JPY downtrend - T1 achieves, on the verge of hitting 175

Jan 04, 2016 06:17 am UTC| Technicals

The New Year series for GBPJPY has been unpleasant as we traced out gap down opening at 177.084 with day intraday lows at 175.796. Thereby, the pair has achieved our 1st targets at 177.125 and now our second target 175...

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Economy

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Science

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Technology

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California's AI Executive Order Pushes Responsible Tech Use in State Contracts

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