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EUR/GBP encounters limited recoveries

Mar 11, 2015 06:54 am UTC| Technicals

The downtrend picks up Cross breaks Dec 2007 0.7089 low to test 0.70815 last Attempt at a correction intraday and the offer has been lowered to 0.7170 Tuesdays high was 0.7179 No sign of bounce Trend to run...

EUR/USD reaches new low

Mar 11, 2015 06:35 am UTC| Technicals

Pairs support levels severely thin on the charts. 1.06655 low Long-term fibo (76.4% of 0.8228 - 1.6040) at 1.0072 looks realistic Prices closed last month under the 61.8% of this move at 1.1212 Short...

USD/IDR hits 13240 high

Mar 11, 2015 06:20 am UTC| Technicals

USD/IDR jumps to 13240 on extended sell-off in bonds and stocks BI reportedly limits, last ind at 13210-13220 NDFs continues higher on good buying from leveraged community Bond yields rose 10-15 bps ...

USD/JPY off from high as Nikkei eases into TSE close

Mar 11, 2015 06:19 am UTC| Technicals

Nikkei closes day 18,723.52, +0.31%, high 18,836.93 despite fall in Wall St. USD/JPY off its 121.50 high, remains around 121.30. Nikkei-USD/JPY correlation strong today. Resistance at 121.50, USD410 ...

USD/SGD remains bid on hopes of easing

Mar 11, 2015 05:49 am UTC| Technicals

USD/SGD remains bid despite intervention, hopes of further MAS easing strengthens CIBC FX Strategist Patrick Bennett: MAS may introduce a cash target rate or similar to weaken SGD further USD/SGD likely to...

NZD/USD continues moving lower

Mar 11, 2015 05:42 am UTC| Technicals

NZD again leading field lower in Asia off c0.40% sits 0.7244/46 USD rise is steady with consensus FOMC will remove patient from guidance RBNZ likely to hold underlying dovish tone and flatten 90-day BB...

AUD/USD bears in control

Mar 11, 2015 04:57 am UTC| Technicals

AUD/USD unsuccessful in gaining traction ahead European session Another down day for AUD/USD (-0.4%) - support levels just there to be broken No sign of recovery seen with shorts showing on interest to...

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