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GBP/USD takes support near trend line, jump till 1.5725 is possible

May 21, 2015 05:54 am UTC| Technicals

RES4: 1.5725 RES4: 1.5678 (61.8% retracement of 1.5813 and 1.5441) RES3:1.5630 (Support turned into resistance) RES2: 1.5544 (55 day HMA) PRICE: 1.5544@ 05:43 GMT SUP1: 1.5490 (trend line...

USD/JPY is consolidating around 121 level, good to buy at dips

May 21, 2015 05:04 am UTC| Technicals

RES4: 124.13 (2007 High) RES3:123.41 (138.2% retracement of 122.01 and 118.32) RES2: 122.05 (Mar 3rd high) RES1 121.49 (161.8% retracement of 120.49 and 118.87) PRICE: 121.02 @ 05:00 GMT SUP1: 120.50...

NZD/USD chart is downbeat, all good news for NZD though USD currently dominates

May 21, 2015 02:59 am UTC| Technicals

NZ budget surplus next year, Moodys approves NZ migration at a record high, provides underlying support Initial support/resistance is seen at 0.7289 and...

USD/INR may trade lower towards 63.50 vs 63.82 yesterday close

May 21, 2015 02:38 am UTC| Technicals

Lower USD overseas, bullish bonds, stocks on rate cut hopes weigh on pair Demand from corps, oilers will likely provide support INR NDFs traded 63.95-64.25 range overnight, closed 64.00-64.03 in...

USD/JPY sees an initial low of 121.05 on selling interest into the Tokyo fix

May 21, 2015 02:36 am UTC| Technicals

Buyers were lying in wait to get long, causing a bounce to 121.21 Japan May flash manufacturing PMI 50.9 from 49.9 April, USD/JPY unaffected No reaction to slightly soft HSBC China flash PMI at 49.1 vs...

USD/JPY popped to 121.49, USD-JPY 2-yr yield spreads lower

May 20, 2015 18:38 pm UTC| Technicals

Fed waiting for data bounce before a hike, too much uncertainty to make early rate hike likely USD/JPY popped to 121.49 on tape-read bids from June hike holdouts on FOMC USD-JPY 2-yr yield spreads lower now since the...

AUD/USD probes stops below 0.7880

May 20, 2015 15:11 pm UTC| Technicals

AUD/USD slipped below support at recent low by 0.7876 Probes stops below 0.7880, bids appear 0.7870 area Multiple MA/Fib support near 0.7850, stops tipped below Close below 0.7850 eyes 50-DMA by 0.7795 and daily cloud...

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