FxWirePro: EUR/GBP extends downside post upbeat UK manufacturing output data
Wednesday, March 9, 2016 9:45 AM UTC
- Downside in EUR/GBP accelerated into UK industrial output data, pair fell around 25 pips from 0.7740 levels to 0.7715 just minutes ahead of data.
- UK manufacturing output beat expectations, came in at +0.7 % m/m, more than consensus at 0.2 % and compared to reading of -0.2 % in Dec.
- Industrial output was inline with expectation y/y, but was slightly lower than expectations on a m/m basis.
- The pair has broken major support at 0.7740 and is extending sideways since, Techs are biased lower, pair could see further downside.
- Next immediate support lies at 0.7695 (Feb 16th lows) and then at 0.7670 (Feb 5th lows). On the topside resistance is located at 0.7742 (Jan 21st highs) and then at 0.7758 (Feb 15th highs).
FxWirePro:EUR/AUD eases but bullish outlook persists 
FxWirePro- Woodies Pivot(Major) 
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
FxWirePro- Major European Indices 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
