FxWirePro: USD/CAD consolidating around 1.3160, bias is bullish
Oct 04, 2016 15:12 pm UTC| Technicals
The USD/CAD pair inched higher in the US session as the greenback made broad-based gain after solid U.S. manufacturing activity reinforced expectations that Federal Reserve will raise interest rates in...
FxWirePro: EUR/USD neutral in the near-term, scope for downward resumption
Oct 04, 2016 14:34 pm UTC| Technicals
The EUR /USD pair fell as low as 1.1139 during the early US session as dollar-denominated after upbeat U.S. manufacturing report boosted the view that Federal Reserve is likely to raise interest rates in...
FxWirePro: USD/JPY remains bullish as rally continues
Oct 04, 2016 14:01 pm UTC| Technicals
USD/JPY rose sharply on Tuesday as yesterdays better-than-expected U.S. manufacturing data accelerated the pairs upside. Forecast-beating U.S. manufacturing data on Monday stoked expectations that the Federal Reserve...

Oct 04, 2016 12:48 pm UTC| Technicals
Sterling breaks the low made on Jul 7th 2016 (BrExit low) and made a fresh record low at 1.27344 at the time of writing. Cable declined sharply after Prime Minister Theresa May said the UK will trigger Article 50...

US Dollar index faces trend line resistance at 96.40, break above targets 97.60
Oct 04, 2016 12:14 pm UTC| Technicals
Major resistance 96.40 (trend line joining 96.14 and 96.31 ). Major support 95. The index breaks above 200- day MA and jumped till 96.31 at the time of writing. It is currently trading around 96.18. On the...

FxWirePro: GBP/USD makes fresh record lows on “Hard Brexit”, good to sell on rallies
Oct 04, 2016 11:32 am UTC| Technicals
Sterling breaks the low made on Jul 7th 2016 (BrExit low) and made a fresh record low at 1.27344 at the time of writing. Cable declined sharply after Prime Minister Theresa May said UK will trigger Article 50 before...

FxWirePro: GBP under intense selling pressure, EUR/GBP hits fresh multi-year highs
Oct 04, 2016 11:25 am UTC| Technicals
GBP under intense selling pressure following UK Prime Minister Theresa Mays comments over the weekend. Upbeat construction PMI data released earlier largely ignored by GBP bears. EUR/GBP hits fresh multi-year...