Apr 07, 2016 08:16 am UTC| Technicals
Technical Inference: Now sloping channel, then rising wedge: Broken below rising wedge base on daily chart at around 1240 levels, as a result, bearish swings now slipping through sloping channel. Currently, facing...
FxWirePro: EUR/USD hedging and speculating sides as per OTC adjustments
Apr 07, 2016 06:44 am UTC| Technicals
The implied volatility of ATM contracts for next 3M - 1Y expiries of this the pair is flashing at around 10.5%, that is when vital economic and geopolitical announcements are scheduled such as UK referendum (on June 23rd),...
Apr 07, 2016 05:31 am UTC| Technicals
Today, both ECB and Fed chairpersons are scheduled to speak on their respective economies and monetary policies to suit their economic conditions. Volatility is often experienced during her speeches as traders attempt...
Apr 07, 2016 05:02 am UTC| Technicals
Theeuro continue to drag yesterdays bullish momentum with minor gains as the pair trades at the 1.1403. For now, more bullish potential in short run is expected after bouncing above 1.1260 (i.e. 21DMA also 23.6% Fibo...
Apr 06, 2016 13:12 pm UTC| Technicals
Canadas trade deficit increased to its largest in 4 months CAD 1.9 billion in February of 2016 from a downwardly revised CAD 0.63 billion gap in January and above market expectations of CAD 0.9 billion. Exports dropped...
FxWirePro: CAD/JPY downtrend intact- add leveraging effects via digital puts
Apr 06, 2016 13:01 pm UTC| Technicals
You see a day highs at 84.274 to drop back to form a bear candle with US session to spare. Seems quite weaker after break below support at 84.348 levels. Current prices are well below 7 21DMAs. Most notably, you...
Apr 06, 2016 11:44 am UTC| Technicals
EUR/INR creeps up to reach 6-weeks highs of 75.6770 levels after testing supports at 7DMA but could not manage to hold onto the day highs of 75.7820 as it reaches upper Bollinger band. Current prices are well above 7 ...