EUR/USD forms triple top around 1.1250, targets 1.1100
Feb 09, 2016 08:01 am UTC| Technicals
Pattern Formed- Triple top The pair has formed triple top around 1.1250 and slightly retreating from that level. It is currently trading around 1.11990. Intraday trend is slightly weak as long as resistance...
FxWirePro: EUR/SEK extends higher after breach of trendline resistance, good to buy dips
Feb 09, 2016 07:17 am UTC| Technicals Central Banks
Swedens Riksbank meets this Thursday, 11th February to decide its monetary policy settings. Economists are split 50/50 on no change in rates or a 10-15bp cut. The easing is broadly priced in, market is now pricing in...
US dollar advances against Sterling, finds support above $1.44 marks
Feb 09, 2016 07:10 am UTC| Technicals
Pair is currently trading at days low around $1.4410 levels. It made intraday high at $1.4438 and low at $1.4409 levels. Intraday bias remains bearish below $1.4546 levels. A break of $1.4546 will drag the...
Feb 09, 2016 07:02 am UTC| Technicals Central Banks
We look ahead for the Riksbank easing monetary policy further at its Thursday meeting, lowering its repo rate by 10bp, to -0.45% vs consensus: 0bp, market pricing: -7bp, given downside risks to inflation. A repo rate...
GBP/USD faces strong resistance around 1.4450, break above targets 1.4580
Feb 09, 2016 06:57 am UTC| Technicals
Major resistance -1.4450 (trend line joining 1.46680 and 1.45860) The pair has recovered after making a low of 1. term trend is slightly bullish as long as support 1.4320 holds. Any break below 1.4320 will drag...
FxWirePro: GBP/JPY faces strong support around 163.97, good to sell on rallies
Feb 09, 2016 06:51 am UTC| Technicals
Major support -168.50 The pair has broken major support 168.50 and declined till 164. is currently trading around 164.50. Short term trend is still weak as long as resistance 169 holds. On the higher side minor...
FxWirePro: AUD/USD recovers from session lows at 0.7019, good to sell rallies
Feb 09, 2016 06:29 am UTC| Technicals
Aussie came under renewed selling pressure after the NAB Business conditions data show deteriorating business morale. NABs Business Confidence index was unchanged at 2 in Jan after a revised reading of 3 in Dec,...
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