FxWirePro: Risk reversals of Yen’s crosses signal more bearish sentiments – hedging perspectives
Feb 09, 2016 06:24 am UTC| Technicals
JPY to strengthen vs CNY, with initial target of 15.00. USD/JPY drop is likely limited to 110 given likelihood of intervention. EUR and JPY risk-reversals have fared much better than USD ones as risk hedges. Current...
Golden days for Gold, hits 3- month high
Feb 09, 2016 05:58 am UTC| Technicals
Gold prices rose on Tuesday, with futures for gold trading 3.40% higher at $1200.77 per troy ounce on Monday. In addition, falling oil prices make the Gold as safe haven asset. It made intraday high at $1195 and...
FxWirePro: EUR/GBP breaks trendline resistance, hits new yearly highs at 0.7787, good to buy dips
Feb 09, 2016 05:39 am UTC| Technicals
EUR/GBP broke strong trendline resistance at 0.77 on Mondays trade and edged higher to hit new yearly highs at 0.7787. The pair has pared some gains and has edged lower to currently trade at 0.7776, bias remains...
FxWirePro: USD/CAD bulls spreads for hedging
Feb 09, 2016 05:35 am UTC| Technicals
Amongst other G10 currency turmoil that would suffer significantly is the Canadian dollar, given its close connection to crude oil prices in particular. Assuming further drop in crude oil prices about 15.5%, USD/CAD...
ASX200 breaks major support 4835, decline till 4765 is possible
Feb 09, 2016 05:25 am UTC| Technicals
Major support - 4835 (trend line joining 4765 and 4822) Major resistance -4915 (Kijun-Sen) The index has broken major support around 4835 and declined till 4825. It is currently trading around 4828. Any...
Kiwi falls below $0.66 marks, more downside likely
Feb 09, 2016 05:12 am UTC| Technicals
Pair fell 0.63% to $0.6584 on Tuesday from $0.6624 at the close of trade in New York on Monday. It made intraday high at $0.6627 and $0.6575 levels. Commodity currencies are more affected by falling oil prices....
FxWirePro: NZD/USD extends losses, capped below daily cloud and 200-DMA
Feb 09, 2016 05:01 am UTC| Technicals
NZD/USD extends losses for the third consecutive session as risk-off remains at play, weighing higher-yielding currencies such as the NZD. The pair has seen retrace from falling trendline resistance (tested on 4th...
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