FxWirePro: Gold’s new lows in 5 years – more slumps inevitable ahead of Fed’s rate hike
Nov 18, 2015 10:15 am UTC| Technicals
The precious metal has been losing its shine after tumbling consecutively from last couple of weeks but as stated in our earlier post after breaking all crucial support zones (1096, 1087 and 1070 levels), we are not seeing...
Loonie breaks minor trend line support, targets 1.3260/1.3220
Nov 18, 2015 10:05 am UTC| Technicals
Intraday trend reversal Level- 1.3300 (trend line joining 1.32900 and 1.32970) USD/CAD has made a low of 1.32972 and slightly recovered from that level. It is currently trading around 1.3303. Any break below...
EUR/USD faces strong trend line resistance around 1.0720, break above targets 1.0800/1.0830
Nov 18, 2015 09:49 am UTC| Technicals
Intraday Trend reversal -1.0720 (trend line joining 1.08292 and 1.0868) EUR/USD has recovered after making a low of 1.06308 and it is currently trading around 1.06890. Any break above 1.0720 will take the pair...
FxWirePro: Daily Currency Strength Index
Nov 18, 2015 09:29 am UTC| Technicals
CHF is trading weak against all major pairs . Good to go long inUSD/CHF-0.14%(Strong currency/ Weak...
FxWirePro: CAD/JPY struggles to close above 93, good to buy at dips
Nov 18, 2015 08:30 am UTC| Technicals
CAD/JPY has made a high of 92.78 and declined till 92.51. It is currently trading around 92.65 The pairs minor resistance is around 92.80 and any break above will take the pair till 93/93.25. Overall trend...
Nov 18, 2015 08:26 am UTC| Technicals
In our recent post weve learnt that the risk reversals help in various dimensions especially in the context of IVs. Please observe how delta risk reversal numbers are getting higher negative values gradually in the long...
FxWirePro: Why buying EURO risk reversal in the context of IVs? A brief run through
Nov 18, 2015 08:18 am UTC| Technicals
Form the nutshell evidencing 25 delta risk reversal, one can understand Euro currency crosses are expected to sense heavy stress on downside risks. EURUSD and EURJPY are displaying highest negative values in 1 year...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects