Gold edges higher after five daily dips
Sep 11, 2015 04:13 am UTC| Technicals
Gold prices rose from four-week lows as uncertainty crept back into global equity markets, while a weaker greenback also helped to spur some bidding. Bullion futures rose 0.71% to $1,110.00 per troy ounce after...
FxWirePro: Buy USD/JPY at dips around 120.60-65 with SL around 119.95 for the TP of 121.70/122.30
Sep 11, 2015 02:55 am UTC| Technicals
USD/JPY has made a high of 121.32 yesterday and declined till 120.46 . It is currently trading at 120.82 trend is still bullish as long as support 119.95 holds. Any break below 119.95 will drag the pair further down...
FxWirePro: USD/CHF key support at 0.9670, buy deals are recommended around 0.9680
Sep 10, 2015 17:56 pm UTC| Technicals
The USD/CHF has slipped back towards 0.9700 levels, after failing to hold above monthly high at 0.9825, the pair has broken 50% fib retracement level at 0.9712 and is moving to test next resistance level at 0.9670. The...
FxWirePro: USD/JPY key support at 119.80, buy deal are recommended around 120.30
Sep 10, 2015 14:31 pm UTC| Technicals
USD/JPY has broken support level at 120.77 and is set to test next support level at 120.30, the support level at 120.30 set to hold the bears from falling further below and push the pair upwards, as the US dollar is...
API reports deficit, while crude awaits EIA report – calls updated
Sep 10, 2015 14:12 pm UTC| Technicals
Crude oil (WTI) is finding support around $43.3/barrel critical support area, however sellers remain at large as market awaits report from EIA. A break below could lead is moving sharply lower ahead of FOMC meeting next...
Sep 10, 2015 13:07 pm UTC| Technicals
Weve been successful in tracing out trend reversal on GBPCHF as last week we rightly stated that EOD and weekly technicals raises a caution for ongoing short term downtrend as dropping prices do not evidence corresponding...
Glimpse on USD/CHF delta risk reversal and minimal cost of hedging
Sep 10, 2015 13:02 pm UTC| Technicals
USDCHF pair has been absolutely non-directional and puzzling from mid August, earlier to which the pair was moving well within the range. For short term traders it seems like uptrend remains intact as the RSI oscillator...