USD/ZAR eased slightly after Q4 growth data
Feb 24, 2015 10:20 am UTC| Technicals
Better than expected Q4 GDP, 1.3% q/q just below Q3 1.4% pace Annual growth of 4.1% vs 1.4% Q3 USD/ZAR fell to 11.6380 after the data but bids soon appeared Leverage names still buying dollars and...
USD/JPY sets new highs ahead Yellen
Feb 24, 2015 10:01 am UTC| Technicals
USD/JPY breaks recent highs as pre-Yellen flows reflect wide bid for dollars EUR/JPY stops reached above 100-HMA 135.18 More influential 200-HMA 135.29 USD/JPY offers seen 119.80-90 Larger supply...
USD/CAD overstated by lower oil
Feb 24, 2015 09:47 am UTC| Technicals
CADpressured by lower oil prices, WTI just under USD 49/barrel WTI temporarily rose to USD 50.50 Monday on Nigeria/OPECtip The lower theoil price, the greater the riskof another BoC rate cut Mar...
EUR/GBP slide continues, major levels below
Feb 24, 2015 08:50 am UTC| Technicals
The 10 and 30-dmas are aligned negatively, reinforcing the bearish bias Market hits new multi-year lows Focus is on the 0.7256 level - 61.8% of the 0.5681-0.9805 2000 to 2008 up-leg Traders stay short at...
Feb 24, 2015 08:36 am UTC| Technicals
Contradicting BoE vs ECBmonetary policy outlooks help weigh on EUR/GBP Risk of BoE rate hikein full swing 2008 low of 0.73205 risked, 0.7307 0.7299 supports below 0.7307 = 76.4% fibo of 0.6536 (2007...
EUR/USD may see an end to a long period of consolidation
Feb 24, 2015 08:30 am UTC| Technicals
ECBs Draghi speaks at 14GMT but key event is Feds Yellen 15GMT testimony Attention on whether Fed chair leaves door ajar for mid-year rate hike Eurogroup likely to respond to proposed Greek reforms later...
EUR/JPY looks to fade recovery
Feb 24, 2015 08:27 am UTC| Technicals
Long tail on Fridays candlestick line is a drawback for bears Spot unsuccessful in performing a daily close sub 134.20 134.20 - 38.2% of the 130.16 to 136.70 up-leg Market needs a daily close sub...
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