Commodities snapshot (precious & industrial)
Aug 07, 2015 16:22 pm UTC| Insights & Views
Metals failed to gain ground over weaker Dollar. Performance this week at a glance in chart table - Gold - Gold found support around $1080 once more, however failed to clear above $1100 area. Todays range -...
Aug 07, 2015 15:57 pm UTC| Insights & Views
Euro is on its way to close third consecutive weeks of positive gains against Franc, while Dollar is on its for fourth consecutive weeks and with special thanks to Swiss National Bank (SNB). Price actions was somewhat...
Pounds holds on to range against Dollar – calls included
Aug 07, 2015 15:03 pm UTC| Insights & Views
Dwindling pound found support at the range low against dollar, around 1.542 area. Technically speaking, this floor is extra crucial for pound/Dollar pair, as it not only is the range floor but floor of rising trend...
Pound breaks key resistance against Yen - call included
Aug 07, 2015 14:41 pm UTC| Insights & Views
After yesterdays more dovish voting than expected at Bank of Englands (BOE) monetary policy meeting and todays strong non-farm report has pushed pound lower, which broke key resistance against Yen. Technically speaking,...
Aug 07, 2015 14:00 pm UTC| Insights & Views
Brazils economy has been hit the hardest this year as its central bank hiked interest rates to their highest levels in nine years in a bid to battle inflation, which has moved to almost 12 year high. Inflation has reached...
Dwindling forex reserve at Malaysia hits 5 year low
Aug 07, 2015 13:35 pm UTC| Insights & Views
There seems to be little respite for Ringgit as Malaysias foreign exchange reserves have dropped below $100 billion for the first time since 2010. Malaysian Ringgit has fallen to 17 year low. Malaysian forex reserve rose...
FxWirePro: XAU/USD to retest 5.5 year’s low; hedge with calendar spreads
Aug 07, 2015 13:30 pm UTC| Insights & Views
Technical Inference:We are bearish on the precious metal as it has been tumbling consecutively along with crude prices from last couple of months but as stated in our earlier post it has to test support at around 1171.28...
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