EUR/USD presses to new session high post-CPI
Mar 24, 2015 13:20 pm UTC| Technicals
Source: Thomson Reuters EUR/USDs presses to new session high post-CPI, price action a concern for bears Narrowing De-US yield spreads upward biased daily RSI aid lift Bounce backs from highs have been limited as...
Falling USD-JPY yield spreads the main drag on USD/JPY
Mar 24, 2015 12:39 pm UTC| Technicals
Source: Thomson Reuters USD/JPY retests last Weds 119.29 post-FOMC low, but limited bounce seen since Falling USD-JPY yield spreads remain the main drag into US CPI release Up Trend-Line off Jan-Feb lows at 119.22,...
GBP/USD - Half-cent rise helped by real money buying
Mar 24, 2015 10:40 am UTC| Technicals
Real money buying led to pairs half-cent climb from 1.4896 Intra-day low at 1.4896 post zero UKFeb CPIinflation number Early Europe range seen 1.4918-1.4967. USFeb inflation data due...
USD/CHF sees major support at 0.9553
Mar 24, 2015 10:27 am UTC| Technicals
Pair hit 0.9578 lows so far. Support located at 0.9553 0.9553 is 76.4% of 0.9375 - 1.0128 The fall in spot has broken below 0.9630, the FOMC spike low This made a double bottom with the low from March 5 Fall also...
GBP/USD dampened by zero UK CPI inflation
Mar 24, 2015 10:12 am UTC| Technicals
Pair plunges to 1.4896 intra-day low after zero UKCPI inflation number Cable was inflated by EUR/USD gains from 1.4918 to 1.4967 high pre-UKCPI 1.4918 was early Europe low. 1.4920-1.4975...
EUR/USD lacks bullish reaction after strong data
Mar 24, 2015 09:48 am UTC| Technicals
No buying interest seen for euros above 1.1000 despite strong Eurozone PMIs Movement indicates that will to run long is low Devoid of stops to chase, the correction may lose its ground Volumes to be...
USD/JPY sees scope on the downside
Mar 24, 2015 09:38 am UTC| Technicals
Possibility stays on the downside, 119.50 Japanese bids are filled Hourly close below the 119.48 pivot point, risk seen at 119.00 with clustered sell stops Daily close below 119.68 - 38.2% retrace of...