Swiss franc breaks the major support level at 0.9784, likely to fall further
Feb 10, 2016 05:41 am UTC| Technicals
Pair is currently trading around 0.9721 levels. It made intraday high at 0.9745 levels and low around 0.9709 levels. Intraday bias in USD/CHF remains on the downside at this point. Above 1.0078 major...
FxWirePro: S&P 500 faces strong support around 1790, good to sell on rallies
Feb 10, 2016 05:40 am UTC| Technicals
Major support - 1789 (200 W MA) Major resistance -1915 (7 W EMA) The index has retreated till 1827 at the time of writing after making a high of 1890. Short term trend is weak as long as index closes below...
Gold continues to add strength against US dollar, Fed chair Yellen testifies in focus
Feb 10, 2016 05:26 am UTC| Technicals
Gold remains well supported above major support levels at $1185 levels. It made intraday high at $1194 and low at $1188 levels. The main event for the day is Fed chair Yellen testifies. She will head to Capitol...
FxWirePro: Strong resistance for AUD/USD around 0.7095, good to sell rallies
Feb 10, 2016 04:44 am UTC| Technicals
AUD/USD has recovered above the 0.70 handle after slipping to as low as 0.6973 on Tuesdays trade. We see strong resistance for the pair around 0.7095 levels - 0.7095 Feb 9th highs, 0.7094 10-DMA, 0.7093...
Safe-haven Yen hovers near 15-month high versus the dollar
Feb 10, 2016 04:23 am UTC| Technicals
Pair is well supported below 115.00 marks and made intraday low at 114.25 levels. Oil prices sank over 6% overnight; Yen and Gold turn out to be the safe haven assets for the investment. In addition, stock...
Feb 10, 2016 04:19 am UTC| Technicals
Kiwi under pressure after ANZ Monthly Inflation Gauge showed that inflation rose just 0.6% in January, slightly lower than is typical for this time of the year. Risk-aversion back in the markets as evidenced by...
FxWirePro: USD/JPY fails to hold above 115 handle, runs into fresh offers at highs
Feb 10, 2016 04:01 am UTC| Technicals
USD/JPY saw a brief spike above 115, hit 115.25 posting a good 70 pip spike, markets suspect possible BoJ intervention. But the pair ran into fresh offers at highs, dragging it back below the 115 handle, currently...
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