Nikkei225 breaks major support 16400, decline till 16000 likely
Aug 26, 2016 02:45 am UTC| Technicals
Major support - 16414 (daily Kijun-Sen). Nikkei225 has broken major support at 16414 and declined till 16367 at the time of writing .It is currently trading around 16427. The index fell 0.84% after release of...
Aug 26, 2016 02:13 am UTC| Technicals
Data released overnight showed U.S. durable goods orders, a key component of GDP rebounded in July. U.S. durable goods orders were up 4.4 pct, a sign that an extended decline in production may be over. Volatility...
FxWirePro: AUD/USD outlook weaker on renewed downside pressure
Aug 25, 2016 19:15 pm UTC| Technicals
The AUD/USD declined on Thursday after upbeat U.S. factory data and two more Federal Reserve officials pushed towards the case for a rate hike boosting the greenback. Currently, the currency pair is trading at 0.7614...
FxWirePro: GBP/USD retains bullish outlook with scope to target 1.3280 levels
Aug 25, 2016 18:39 pm UTC| Technicals
The GBP/USD pair declined on Wednesday, as the pair attracted short selling interest after data showed new orders for U.S. manufactured capital goods rose for a second straight month in July. The pair declined to hit...
FxWirePro: USD/CAD maintains bullish bias with focus on 1.3000 levels
Aug 25, 2016 16:16 pm UTC| Technicals
The USD/CAD pair inched higher on Thursday as solid U.S. data and lower oil prices supported dollar bulls ahead of global central bankers gathering in Jackson Hole. Investors await clues from Jackson Hole on the U.S....
FxWirePro: EUR/USD gains some upside momentum but reversal is likely
Aug 25, 2016 13:52 pm UTC| Technicals
EUR/USD pair rose towards 1.1293 levels on Thursday, as some investors sold the greenback ahead of a speech by Federal Reserve Chair Janet Yellen this week which will be watched for clues on monetary policy. New...
Aug 25, 2016 12:18 pm UTC| Technicals
Major Intraday support - 0.7325 (trend line joining 0.72770 and 0.7315). Major resistance- 0.73865 . AUD/CHF has retreated after hitting trend line resistance. It is currently trading at 0.7356. In the...
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