Apr 18, 2016 09:14 am UTC| Technicals
Reducing Hedging Cost - Use short term upswings to stay short in long term: Off-late, since we saw the Fed maintained unchanged rates, continuing on with its gradual tightening cycle in June. We think current macro...
FxWirePro: Brazilian political jitters hinder BRL’s bull streak – hedge FX risks via OTC instruments
Apr 18, 2016 08:06 am UTC| Technicals
Brazilian Congress Closes in on summons after a failed last effort by the Rousseff administration to prevent her impeachment process from moving forward, by asking the Brazilian Supreme Court to stop the process, the...
FxWirePro: FTSE100 recovers after gap down opening, good to sell on rallies
Apr 18, 2016 07:55 am UTC| Technicals
Major resistance -6375 The index has showed a gap down opening in the morning till 6260 and slightly filling up the gap. It is currently trading around 6309. Short term trend is still weak as long as resistance...
FxWirePro: Sugar faces strong support at $13.70, good to buy at dips
Apr 18, 2016 07:52 am UTC| Technicals
Major resistance - $14.95 (7 W EMA). Major support - $13.70 (200 day MA) Sugar has made a low of $13.70 and started to recover from that level. It is currently trading around $15.04. Short term jump is...
FxWirePro: EUR/GBP finds strong trendline support at 0.7945, good to buy dips
Apr 18, 2016 07:44 am UTC| Technicals
EUR/GBP holds above strong trendline support, momentum studies bullish. Upside in the pair has stalled ahead of the 0.80 handle. The pair has hit fresh session highs at 0.7993. Offered tone surrounding the pound...
Apr 18, 2016 07:26 am UTC| Technicals
After a stern break-out below major supports at 111 levels (lower BB, Avrg. of recent lows), our bearish targets of 109.698 or 108.029 levels are very well achieved, now signals even more scope for downside to targets...
FxWirePro: Silver faces strong resistance at $16.35, good to buy at dips
Apr 18, 2016 06:42 am UTC| Technicals
Pattern Formed- Cup and Handle Major Resistance- $16.35 Silver hasmade a high of $16.35 and slightly declined from that level. It is currently trading around $16.19. Short term trend is bullish as long as...
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