FxWirePro: Nikkei225 faces resistance at 90 day EMA, good to sell on rallies
Jun 08, 2016 02:15 am UTC| Technicals
Major support - 16,250 ( 50% retracement of 1770 and 14770) Nikkei Index has pared gains made yesterday on stronger Yen. It is currently around 16582. Short term trend is slightly weak as long as resistance 17000...
FxWirePro: USD/KRW hits fresh monthly low at 1153, faces strong support at 1152
Jun 08, 2016 02:01 am UTC| Technicals
USD/KRW is currently trading around 1157 levels. Intraday bias remains bearish till the time pair holds key resistance at 1168 marks. A sustained close below 1152 will tests key supports at 1142 (20D EMA)/...
FxWirePro: Japanese Yen gains in early hours on the back of higher than expected GDP data
Jun 08, 2016 01:40 am UTC| Technicals
USD/JPY is currently trading around 106.97 marks. It made intraday high at 107.38 and low at 106.84 levels. Intraday bias remains bearish till the time pair holds key resistance at 107.90 marks. A daily...
FxWirePro: Gold steadies near two-week high as chances of rate hike dims
Jun 07, 2016 18:52 pm UTC| Technicals
The yellow metal inched higher slightly on Tuesday to trade near two-week high as investors remained cautious on Federal Reserve imminent rate hike plan following Fridays poor US employment data. In a speech on...
FxWirePro: USD/CAD extends decline as oil price rally above $50 a barrel
Jun 07, 2016 16:50 pm UTC| Technicals
The USD/CAD declined on Tuesday as oil prices rose towards 50$ per barrel and after bets for U.S. interest rate hikes were lowered following disappointing U.S. jobs data last week. The Canadian dollar strengthened...
FxWirePro: AUD/USD intraday upside momentum strong after positive tone from RBA
Jun 07, 2016 15:04 pm UTC| Technicals
The AUD/USD rose sharply against US dollar on Tuesday after Reserve Bank of Australia kept interest rates on hold and raised the bar on further monetary easing. RBA kept the cash rate at a record low of 1.75 percent...
FxWirePro: GBP/USD consolidating around 1.4571,bias is neutral
Jun 07, 2016 14:02 pm UTC| Technicals
GBP/USD rose towards higher levels on Tuesday as sterling extended its gains against weaker dollar after a pair of polls gave a narrow lead to the Remain camp ahead of the June 23 referendum on Britains European Union...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects