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EUR/USD likely to be capped by rate divergence

Mar 25, 2015 08:41 am UTC| Technicals

US/German 2 year bond spread stable above 80bp Likely to ease pressure on recent bias to trim EUR/USD shorts Since then, 15bp tightening has reduced EUR/USDs downside momentum Trend still very strong and ...

GBP/USD supported by relatively hawkish Shafik

Mar 25, 2015 08:32 am UTC| Technicals

BoE Shafiks hawkish comments, lifted cable helped off 1.4831 Asia low Shafik saysnext move for BOE rates still expected to be up Pairs offers seen at 1.49 (1.4896 was Tuesdays European am...

USD/JPY not able close above 120, decline till 118 is expected

Mar 25, 2015 07:56 am UTC| Technicals

RES 4: 121.50 RES 3: 121 RES 2: 120.68(200 day HMA) RES 1: 120.36 (Cloud top) PRICE: 119.70 @ 07:02 GMT SUP 1: 119.25 SUP 2: 118.69 SUP 3: 118 SUP 4: 116.86 COMMENTARY: USD/JPY is trading around 119.63...

EUR/USD supported by 21 DMA

Mar 25, 2015 06:56 am UTC| Technicals

Pullbacks still to holding above the 21 DMA, last at 1.0886, suggesting recent rally still has legs Traders going long for 1.1185. Series of day highs/lows from late-Feb/early-Mar seen The 61.8% fibo of the ...

AUD/USD is expected to take support around 0.7830, jump till 0.7975 is possible

Mar 25, 2015 06:54 am UTC| Technicals

RES 4: 0.8294 (Jan 15th High) RES 3: 0.8015 (61.8% retracement of 0.8294 and 0.75594) RES 2: 0.7975 RES 1: 0.7938 (Mar 25th High) PRICE: 0.78722 @6:19 GMT SUP 1: 0.7855 SUP 2: 0.7830 (Mar 24th Low) SUP...

USD/JPY sees high of 119.83 into Gotobi Tokyo fix, off later to 119.56

Mar 25, 2015 06:41 am UTC| Technicals

Support 1 - 119.55Support 2 - 119.35Support 3- 119.21Support 4 - 119.10Resistance 1 - 119.81Resistance 2 - 119.98Resistance 3 - 120.15Resistance 4 - 120.55Current Price- 119.60Days High - 119.81Days Low-...

USD/JPY staying firm as Nikkei closes in black

Mar 25, 2015 06:11 am UTC| Technicals

Nikkei closes 32.75 points higher or up +0.17% on day, trading narrow, volatile. Early move to 19,775.45 followed by downward move to 19,542.22, bounce later. USD/JPY hit high of 119.83 into Gotobi Tokyo fix, fell later...

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Technology

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