USD/JPY breaks major support 121.80, decline till 120 is possible
Jul 08, 2015 11:15 am UTC| Technicals
RES 4 :123.70 (Jul 7th high) RES 3 : 123.03 (61.8% retracement of 125.84 and 121.30) RES 2: 122.56 (7 day W EMA) RES 1: 122 PRICE: 121.56 @ 11:05 GMT SUP 1: 121.25 (161.8% retracement of 122.47 and...

Likely contraction in Canada's economy increases the odds of another BoC rate cut
Jul 08, 2015 10:03 am UTC| Technicals
We see a high probability of Bank of Canada cutting rates next Wed to support Canadas flagging economy. Canadian economy is tracking well below the 1.9% pace expected by the Bank of Canada in its April 2015 MPR. In the...
USD/JPY rebound limited to 122.25
Jul 08, 2015 03:54 am UTC| Technicals
Move down to 121.96 followed by rebound only to 122.25, pushing down again Market very much risk off, Shanghai Composite off early low but still down large Initial support at 121.70 on base of daily Ichi...
USD/MYR traded narrow range, market continue to cap rallies
Jul 08, 2015 03:36 am UTC| Technicals
Pair traded 3.8065-90 range only, BNM seen stubborn at 3.81 for now Matter of time before Central bank moves to higher intervention FX reserves at USD105.5bln end June vs USD116bln end December 2014 Pair...
USD/INR likely to open around 63.50, may trade 63.45-63.60 intraday
Jul 08, 2015 03:03 am UTC| Technicals
Pair risks further squeeze on short cover, risk aversion Bonds could see further profit taking sales after good rally this week NDFs traded 63.74-6.87 range overnight, closed 63.75-63.83 in...
FxWirePro: AUD/USD key resistance at 0.7488, sell deals are recommended below 0.7460
Jul 07, 2015 18:24 pm UTC| Technicals
AUD/USD fell from 0.7495 (July 7th high) to 0.7400 level. It is approaching to test resistance at 0.7440. The pair is currently trading around 0.7435 level. It is expected decline further towards 0.7380 and later...
FxWirePro: Sell NZD/USD below 0.6670, down trend to continue further below
Jul 07, 2015 17:37 pm UTC| Technicals
NZD/USD fell from 0.6667 level and tested support at 0.6618 (23.6% Retracement Level), in the early Us session. Short rally around 0.6665 should be taken as advantage for selling opportunities, As NZD dollar is weak...