
FxWirePro: Gold trades weak ahead of Fed meeting, good to sell on rallies
Jul 26, 2017 07:08 am UTC| Technicals
Gold is showing a decline after forming temporary top around $1258.89. The yellow metal declined till $1244 and is currently trading around $1245. Market await US Fed monetary policy for further direction. U.S 10 year...

FxWirePro: South African rand erases previous gain against U.S. dollar, bias remains neutral
Jul 26, 2017 07:02 am UTC| Technicals
USD/ZAR is currently trading around 13.07 levels. It made intraday high at 13.08 and low at 13.05 levels. Intraday bias remains neutral for the moment. A daily close above 13.06 will take the parity...

Jul 26, 2017 06:36 am UTC| Technicals
DXY (US dollar index) which measures the greenbacks strength against a trade-weighted basket of six major currencies has constantly dipping below SMA, currently at 93.890. Downswings break below strong support at 94.99,...

FxWirePro: GBP/AUD on minor recovery path, awaiting key UK GDP data for further impetus
Jul 26, 2017 06:34 am UTC| Technicals
GBP/AUD up 0.68% on the day, Aussie weakness post CPI miss adding support. Focus on UK Q2 GDP print for further impetus. The following are forecasts from a few major banks: UK Q2 GDP likely to post 0.4% q/q...

FxWirePro: USD/CNY remains well supported above 6.75 mark, PBOC sets yuan mid-point at 6.7529
Jul 26, 2017 06:02 am UTC| Technicals
USD/CNY is currently trading around 6.7555 marks. It made intraday high at 6.7580 and low at 6.7494 levels. Intraday bias remains slightly bullish for the moment. A sustained close above 6.7494 marks will...

Jul 26, 2017 05:49 am UTC| Technicals
USD/JPY is trading range bound ahead of the FOMC meeting later today in the US session. We see a Morning Star candlestick pattern formed on the daily charts which raises scope for upside. The major is hovering around...

Jul 26, 2017 05:21 am UTC| Technicals
USD/INR is currently trading around 64.46 marks. It made intraday high at 64.49 and low at 64.44 marks. Intraday bias remains bullish till the time pair holds key support at 64.35 marks. Key resistances are...