FxWirePro: Kiwi gains as RBNZ announces new policy on property market
May 11, 2016 02:41 am UTC| Technicals
AUD/NZD is trading around 1.0806 marks. Pair made intraday high at 1.0886 and low at 1.0797 marks. The RBNZ on Wednesday said it will consider more steps to help New Zealands overheated property market. RBNZ...
FxWirePro: Nikkei225 faces strong resistance at 17000, good to sell on rallies
May 11, 2016 02:33 am UTC| Technicals
Major resistance - 17000 (100 day EMA) Major support - 16350 (10 day EMA) Nikkei index has recovered strongly yesterday on account of weaker yen .The index has made a high of 16795 and closed at 16775.It is...
FxWirePro: USD/KRW remains well supported above 1162, good to buy on dips
May 11, 2016 01:55 am UTC| Technicals
USD/KRW is currently trading around 1167 levels. Intraday bias remains bullish for the moment. A daily close above 1168 will drag the parity up towards key resistances at 1176/1180/1193/1211 marks. A...
FxWirePro: USD/JPY fails to sustain above key resistance 109.32, intraday bias remains neutral
May 11, 2016 00:56 am UTC| Technicals
USD/JPY is currently trading around 109.10 marks. It made intraday high at 109.36 and low at 109.04 levels. Intraday bias remains neutral for the moment. A daily close above 109.32 will drag the parity up...
FxWirePro: Gold rebounds from daily lows, outlook still bearish
May 10, 2016 18:17 pm UTC| Technicals
Gold declined to hit two weeks low on Tuesday as firmer dollar and higher equities pushed investors towards riskier assets as demand for safe heaven assets waned. Gold prices took a dive from 1268 levels to hit low at...
FxWirePro: USD/JPY consolidates around 109.10 levels, bias remains bullish
May 10, 2016 15:26 pm UTC| Technicals
USD/JPY pair rose on Tuesday to hit two week high as slew of warnings by Japan that it was prepared to step in to weaken the Japanese yen increased demand for US dollar. The pair rose to hit high at 109.28 levels...
FxWirePro: USD/CAD loses momentum but outlook is bullish
May 10, 2016 14:29 pm UTC| Technicals
The USD/CAD pair retreated back slightly on Tuesday as oil prices rebounded towards 44$ per barrel as attention turned to when production will be brought back in line in Canadas oil sands region. As long the pair...
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