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FxWirePro: EURUSD consolidating around 1.0940, bias is bearish

Dec 29, 2015 15:24 pm UTC| Technicals

EUR /USD declined sharply in the early US session, after US Goods Trade Balance printed better than expected figures at -60.50 billion. Immediately after the data release the pair declined almost 70pips. At the...

FxWirePro: GBP/USD key resistance at 1.4874, bearish in the short term

Dec 29, 2015 14:44 pm UTC| Technicals

The GBP/USD has slipped lower sharply, shedding more than 100pips after dollar rose across the board after major markets opened for the first time since Christmas break. The ongoing weakness is set to continue for...

GBP/USD trade idea

Dec 29, 2015 11:33 am UTC| Technicals

Major resistance - 1.5250 Cable is trading between 1.4945 and 1.4805 for the Past two weeks. Short term trend is still weak as long as resistance 1.5250 holds. The pair has made a low of 1.4805 (22nd Dec 2015)...

GBP/USD: Sell on rallies in Q1 2016

Dec 29, 2015 10:50 am UTC| Technicals

Major resistance - 1.5250 Cable is trading between 1.4945 and 1.4805 for the Past two weeks. Short term trend is still weak as long as resistance 1.5250 holds. The pair has made a low of 1.4805 (22nd Dec 2015)...

US Dollar Index: Buy at dips in Q1 2016

Dec 29, 2015 09:40 am UTC| Technicals

Major resistance - 100.50 (Nov 30th high) US Dollar index has made temporary top around 100.51 and declined from that level. Overall trend is slightly bullish as long as support 94.80 holds. On the lower side...

FX Hedging Strategy Series

FxWirePro: OTC positions divulge forecasts of AUD/USD in Q1 and Q2

Dec 29, 2015 08:36 am UTC| Technicals

As you can make out from the diagram the implied volatility for near month at the money contracts of AUDUSD pair has been highest among G20 currency segment and is seen at 11.8-12% levels for 1m expiry. We could still...

FxWirePro: GBP/CAD forms bullish Gartley Pattern, good to sell on rallies

Dec 29, 2015 08:10 am UTC| Technicals

Pattern formed - Bullish Gartley Pattern Potential Reversal Zone (PRZ) - 2.0950 The pattern will get invalid only above 2.0950 level. The pair has made the high of 2.0860 on Monday and has started to decline from...

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Economy

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Science

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