USD/CAD underpinned by cloud

Mar 26, 2015 10:02 am UTC| Technicals

The Ichimoku cloud continues to prop, spans 1.2099-1.2415 currently Traders are long at1.2440 in expectation for a bullish resumption Tenkan kijun lines stay aligned positively 1.2350 is 38.2% retrace of 1.1565 to...

NZD/USD rebounds in Europe

Mar 26, 2015 10:00 am UTC| Technicals

Pair sold off hard in Asian session but rebounds in EU trading More churn within 0.7550-0.7700 seen This weeks highs at 0.7692/98. Jan 21 high 0.7712. 0.7722 76.4% 0.7890-0.7177 NZD traders bulled for stops above...

GBP/USD aims 1.50 after UK retail sales beat

Mar 26, 2015 09:55 am UTC| Technicals

Cable climbs to aim 1.50after UK retail sales data beat Feb retail sales +0.8% vs +0.4% consensus. Jan retail sales revised upwards 0.4% Offers seen at 1.50, stops tipped above figure. 1.5008 was Mar 19 high 1.4972...

USD/JPY remains bearish

Mar 26, 2015 08:43 am UTC| Technicals

Intra-day bears looking for hourly close sub 118.61, bids seen at 118.00, 118.20 118.40 Spots correlation with 5year UST/JGB yield spread 30-day +0.69 Decline triggered by position adjustments in spot and...

GBP/USD eyes resistance at 1.4955

Mar 26, 2015 08:39 am UTC| Technicals

Pair boosted byUSD selling amid Yemen focus Resistance seen at 1.4955 (Weds high) 1.4984/90. 1.4873-1.4897 = Asia range UK Feb ONS retail sales due 0930GMT.+0.4% consensus to follow -0.3% in...

EUR/USD eying test of 1.1000

Mar 26, 2015 07:58 am UTC| Technicals

Pair seen easing above 1.1000 making short work of apparently heavy offers Momentum suggests bullish trend, favoring further squeeze on shorts Stops located above 1.1040 1.1060. Shorts into 1.1050-1.11...

USD/JPY seen sub 119.22-23 lows, 119.00 to 118.85

Mar 26, 2015 07:24 am UTC| Technicals

Stops tripped sub-119.20 and 119.00 on way Likely to trigger below 118.85 100-DMA Some Japanese buying on way down but long liquidation flows sizeable Nikkei closes down 275.08 pts, 1.39% at 19,471.12, range...