FxWirePro: USD/CAD maintains bullish outlook with focus on 1.3200 levels
Aug 30, 2016 15:51 pm UTC| Technicals
The USD/CAD pair inched higher on Tuesday as the Canadian dollar lost ground against US dollar as investors betted that U.S. interest rates could rise by year-end and oil prices fell for a second day in a row. The...
FxWirePro: Gold inches down on steady dollar, scope for further downside
Aug 30, 2016 14:24 pm UTC| Technicals
Gold prices declined on Tuesday as dollar continued to strengthen across the board after Federal Reserve officials sounded a hawkish note on interest rates, boosting the dollar. Fed Chair Janet Yellen said on Friday...
FxWirePro: GBP/USD gains some upside momentum but still bearish
Aug 30, 2016 13:34 pm UTC| Technicals
The GBP/USD pair declined on Tuesday as investors betted that U.S. interest rates could rise by year-end while British rates may also be cut again. The ongoing weakness is set to continue for this pair as the...
Aug 30, 2016 12:13 pm UTC| Technicals
Major resistance- 134.43 (7- W EMA). Major support 132.65 (3 W EMA). The pair jumped till 7 W EMA and declined from that level. It is currently trading around 133.59. Minor trend is weak as long as...
Aug 30, 2016 11:21 am UTC| Insights & Views Technicals Central Banks
Longs USDTWD on its attractive carry are encouraged as the China exposure sentiment toward EM currencies could be in the process of shifting and we prefer to focus on regional low yielders in expressing a bullish dollar...
U.S Natural Gas faces major resistance at $3, break above confirms major trend reversal
Aug 30, 2016 10:53 am UTC| Technicals
Natural gas recovered sharply in this month from the low of $2.5190 and jumped till $2.926. The commodity has made a fresh one-month high due to less than expected rise in natural gas inventories and hot...
FxWirePro: DAX30 Weekly Outlook
Aug 30, 2016 10:50 am UTC| Technicals
Major Resistance- 10750 (trend line joining 11926 and 11432). Major support 10315 (9-W EMA). The index has once again taken support near 9- W EMA and slightly jumped from that level. It is currently trading...
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