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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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Asian stocks mostly advanced Wednesday as renewed strength in technology and semiconductor shares boosted markets in South Korea and Japan. However, higher oil prices and uncertainty surrounding U.S.-Iran negotiations kept...

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Politics

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North Korea Launches Ballistic Missile as US-South Korea Drills Near

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Taiwan Slams ‘Dangerous’ China-Indonesia Naval Drill Near Island

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Bashar al-Assad Sentenced to Death by Syrian Court

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Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

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Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

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SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

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Trump Administration Releases New UFO Files and Apollo Mission Records

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China vs. NASA: The New Moon Race and What's at Stake by 2030

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Technology

Samsung, SK Hynix Shares Surge on Report of Potential Temasek Investment

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OpenAI Executive Brad Lightcap to Leave for New AI Venture

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Anthropic Signs $9.1B AI Data Center Deal With Riot Platforms

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Trump Media Says Truth API Draws 10+ Customers as Conflict Concerns Grow

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Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants

Nvidia is expanding its influence beyond semiconductors after announcing agreements aimed at mobilizing up to $500 billion in third-party capital for artificial intelligence infrastructure. The move brings the AI chip...
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