FxWirePro: EUR/GBP downside stalls at 38.2% Fib, break below needed for further downside
May 19, 2016 05:42 am UTC| Technicals
British currency outperformed its major rivals, boosted by Brexit polls results that showed an increase in favor of the stay position. EUR/GBP saw huge slump in Wednesdays trade. The pair broke major support at...
Gold breaks major support $1256, decline till $1230 is possible
May 19, 2016 05:40 am UTC| Technicals
Major support - $1256 (200 day 4H MA) Major intraday resistance - $1265 The yellow metal has declined drastically on stronger dollar and declined 1.5% yesterday. Gold has broken major support $1256 and...
FxWirePro: AUD/USD breaks 61.8% Fib, hits fresh 11-week lows on poor jobs data
May 19, 2016 05:04 am UTC| Technicals
AUD/USD extends decline, hits fresh 11-week lows at 0.7199, in a knee-jerk reaction to weak Australian jobs report. Australias unemployment rate held steady at 5.7% in March, while 10,800 jobs were added, below...
FxWirePro: USD/SGD hits fresh monthly high at 1.3828, a break above targets 1.3851
May 19, 2016 04:14 am UTC| Technicals
USD/SGD is currently trading around 1.3801 marks. It made intraday high at 1.3828 and low at 1.3801 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3828 levels. A sustained...
FxWirePro: USD/JPY corrects lower from FOMC led rally, 110.50-60 stiff resistance zone
May 19, 2016 03:43 am UTC| Technicals
FOMC minutes were the main catalyst overnight, revealed that the US interest rate hike is back on the cards this June. USD/JPY spiked all the way to hit session highs at 110.26 as the dollar edged higher across the...
FxWirePro: NZD/USD breaks major trendline support at 0.6740, targets 0.6675
May 19, 2016 03:16 am UTC| Technicals
USD extends gains after the latest FOMC minutes revealed that the US interest rate hike is back on the cards this June. The Chinese equities appear to outperform their Asian counterparts, despite weaker Chinas...
FxWirePro: USD/KRW hovers around key resistance at 1193, a break above targets 1211
May 19, 2016 03:12 am UTC| Technicals
USD/KRW is currently trading around 1190 levels. It made intraday high at 1191 and low at 1188 levels. Intraday bias remains neutral for the moment. A daily close above 1193 will drag the parity up towards...
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