FxWirePro: Yen strengthens in early hours despite lower than expected industrial production data
Jun 30, 2016 01:16 am UTC| Technicals
USD/JPY is currently trading around 102.82 marks. It made intraday high at 103.02 and low at 102.68 levels. Intraday bias remains bearish till the time pair holds key resistance at 102.84 marks. A sustained...
FxWirePro: EUR/USD bullish after breaking above 1.1100 levels
Jun 29, 2016 17:25 pm UTC| Technicals
The EUR/USD pair jumped above 1.1100 in the US session, as the pair found buying interest around 1.1066 price zone as some calm returned to global markets after the havoc of the Brexit vote. European stock markets...
FxWirePro: USD/CAD loses momentum but outlook is bullish
Jun 29, 2016 16:57 pm UTC| Technicals
The USD/CAD pair declined on Wednesday as oil prices rebounded towards 49$ per barrel and global financial markets stabilized for a second straight day following volatility triggered by Britains vote to leave the European...
EUR/USD faces trend line resistance around 1.11035, break above targets 1.1188/1.1230
Jun 29, 2016 12:44 pm UTC| Technicals
Major support 1.0900 (161.8% retracement of 1.14155 and 1.0971). Major resistance 1.11035 (trend line joining 1.1115 and 1.1103) The pair has retreated after making a high of 1.11031 at the time of writing. It...
Jun 29, 2016 12:43 pm UTC| Technicals
Major resistance 105.18 (3 day EMA) Major support 103.50 The pair has made a high of 104.91 yesterday and slightly declined from that level. It is currently trading around 104.77. CHF/JPYs major resistance...
CHF/JPY faces strong resistance around 105.20, break above targets 106.56/107.60
Jun 29, 2016 11:16 am UTC| Technicals
Major resistance 105.18 (3 day EMA) Major support 103.50 The pair has made a high of 104.91 yesterday and slightly declined from that level. It is currently trading around 104.77. CHF/JPYs major resistance...
US Oil faces strong resistance around $48.60, break above targets $49.40/$50.45
Jun 29, 2016 09:29 am UTC| Technicals
Major resistance- $48.60 (200 4H MA) US Oil has broken minor resistance $48.20 (55 4 H EMA) and jumped till $48.56 at the time of writing. It is currently trading around $48.45. The US oil should break above...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects