FxWirePro: EUR/USD tests key 1.0976 level, scope for further upside
Feb 03, 2016 14:06 pm UTC| Technicals
The pair has found renewed bullish momentum after breaking strong resistance at 1.0940 and is moving upwards to test next resistance level at 1.0976. The pair is trading around 1.0955 levels and it is expected advance...

FxWirePro: USD/TRY may bounce back to 3.25 by Q1 end – stay hedged via diagonal combinations
Feb 03, 2016 12:27 pm UTC| Technicals
Turkish lira is We believe USD/TRY will trade above 3.25 in the coming months. The main drivers will likely be disregard of the inflation targeting regime and high levels of foreign liabilities. Headline inflation remains...

FxWirePro: Gold faces strong trend line resistance around $1133, good to buy at dips
Feb 03, 2016 12:04 pm UTC| Technicals
Major resistance -$1131 (200 day MA) Major support - $1100 (20 day MA) Gold has declined till $1108 after making a high of $1130 (200 day MA). It is currently trading around $1124. The commodity should close...

Feb 03, 2016 11:01 am UTC| Technicals
Major support: 84.65 (200 day MA) Major resistance -85.75 (Tenken-Sen) The pair has taken support near 200 day MA and slightly recovered from that level. Short term trend is bearish as long as resistance 85.75...

FxWirePro: WTI Crude oil forms Bullish Cypher Pattern, good to buy at dips
Feb 03, 2016 09:48 am UTC| Technicals
Harmonic Pattern formed - Bullish Cypher pattern Potential Reversal Zone - $27.53. WTI oil has made a low of $29.38 and started to recover from that level. It is currently trading around $30.32. On the...

FxWirePro: DAX faces strong support at 9250, good to buy at dips
Feb 03, 2016 09:13 am UTC| Technicals
Major support - 9250 (Jan 20th low) The index has recovered till 9551 at the time of writing after making a low of 7458. It is currently trading at trend is slightly bullish as long as support 9250 holds. On the...

Feb 03, 2016 07:45 am UTC| Technicals
TheU.K.s construction PMI dropped to a seasonally adjusted 55.0 last month from a reading of 57.8 in December to miss the forecasts at 57.6 in January. This leading indicator of economic health - businesses reacting...