USD/CHF faces trend line support around 0.9640, break below targets 0.9530
Oct 07, 2015 06:56 am UTC| Technicals
USD/CHF has made a high of 0.9767 and declined from that level. It is currently trading at 0.9668. The pair is facing strong support at 0.9635 and any break below will drag the pair to next level 0.9595/0.9530 level. The...
FxWirePro: USD/MYR slumps below 4.30, strong Malaysia's exports data boosts ringgit
Oct 07, 2015 06:09 am UTC| Technicals
Malaysias ringgit spiked more than 2 percent on Wednesday as August exports came in stronger than expected Malaysias exports in August rose 4.1 percent from a year earlier, beating a forecast of 2.0 percent growth Trade...
FxWirePro: USD/JPY trades lower after BOJ monetary policy, good to buy at dips
Oct 07, 2015 05:40 am UTC| Technicals
USD/JPY has made a high of 120.55 and declined till 119.76 today morning after BOJ kept its monetary policy unchanged. It is currently trading at 120.13 Overall trend is still bullish as long as support 119.60 holds. The...
FxWirePro: USD/JPY recovers from session lows at 119.76, trades above 120 handle
Oct 07, 2015 05:18 am UTC| Technicals
USD/JPY struck fresh session lows at 119.80 in an immediate reaction to the Bank of Japan monetary policy decision BoJ left the monetary policy settings unchanged with asset purchases to increase at an annual pace of...
FxWirePro: Solid rise in dairy prices boosts NZD, NZD/USD pops to 7-week highs
Oct 07, 2015 04:45 am UTC| Technicals
The New Zealand dollar rose to hit seven-week highs on Wednesday boosted by a solid rise in dairy price GlobalDairyTrade Price Index rose 9.9% at the latest Fonterra auction, climbing of the fourth event in a row The...
FxWirePro: Buy GBP/JPY at dips around 183 -183.05 with SL around 182.25 for the TP of 184.40/185
Oct 07, 2015 02:59 am UTC| Technicals
GBP/JPY has broken major resistance 183.20 and jumped till 183.36. It is currently trading at 183.05. The pairs minor trend line support is around 182.50 and any break below targets 182/181.60. On the higher side minor...
Canadian trade deficit widens in August
Oct 06, 2015 15:23 pm UTC| Technicals
Canadas trade deficit widened to $2.5 billion in August, from $817 million during the month prior. Exports slid 3.6%, while imports inched up by 0.2%. In real terms, the picture was a little better, with export volumes...