FxWirePro: USD/RUB edges higher post-CBR, hit session highs at 68.13
Sep 11, 2015 11:41 am UTC| Technicals
CBR today held rates at 11.00% as expected, and said inflation inflation expectations showed clear upward trend It noted that RUB will continue to put pressure on prices in next few months, and added that it will revise...
FxWirePro:USD/JPY struggles to close below 120, good to buy at dips
Sep 11, 2015 11:22 am UTC| Technicals
RES 4: 122 RES 4: 121.75 (28th Aug high) RES 3:121 RES 2: 120.75 (61.8% retracement of 121.75 and 119.21) PRICE: 120.60 @11:15 GMT SUP 1 : 120.60 (7 day H EMA) SUP 2 : 120.25 (38.2% retracement of...

FxWirePro: Silver takes support near trend line, good to sell on rallies
Sep 11, 2015 11:03 am UTC| Technicals
Silver has taken support near trend line support around $14.50 and recovered till $14.85 yesterday. It is currently trading at $14.62. The commodity is facing strong support around $14.55 and any break below will drag the...

Gold trades below major support $1115, decline till $1070 is possible
Sep 11, 2015 10:21 am UTC| Technicals
Gold has broken major support $1115 and declined till $1101. It is currently trading at $1107. Overall trend is still bullish as long as support $1120 holds. On the downside major support is around $1100 and break below...

FxWirePro: EUR/USD forms Bearish BAT pattern, good to sell on rallies
Sep 11, 2015 09:36 am UTC| Technicals
Harmonic pattern formed- Bearish BAT pattern Potential Reversal Zone ( PRZ) -1.1340 EUR/USD has made a high of 1.13094 today morning and slightly retreated from that level. It is currently trading around 1.1280. On...

Sep 11, 2015 09:21 am UTC| Technicals
After the short term price recoveries, negative delta risk reversal numbers of contracts with 1M expiry inching around -0.9 as shown in the nutshell suggests downside hedging has been relatively expensive which means...
FxWirePro: EUR/SEK slumps to lows at 9.3756 on positive Sweden data
Sep 11, 2015 08:53 am UTC| Technicals
Upbeat Sweden data put a lot of pressure on SEK shorts, traders widely positioned short SEK in response to relentless dovish C.Bank chat. Swedish GDP was revised up to 3.3% y/y, while unemployment rate fell to 6.4%...