Oil and rate spec drive EUR/NOK above 8.70
Mar 16, 2015 14:30 pm UTC| Technicals
Source: Thomson Reuters EUR/NOK rises above 8.70, oil and rate speculation the drivers With USD/NOK below recent highs an element of EUR pep too If pair closes above 8.6980 Mar 11 high, 8.7780 Feb 12 high will be...
NZD/USD squeeze gets boost from soft US econ data, tests Fib & MA
Mar 16, 2015 14:14 pm UTC| Technicals
Source: Thomson Reuters NZD/USD 50 Fib of 0.7611-0.7191, 10-DMA March 13 (0.7400/10) Positioning driven short squeeze gets boost from soft US econ data Daily RSI biased up, wont impede further gains Pair eyes...
USD/JPY lower on Empire data miss, focus on wage announcements Wed
Mar 16, 2015 13:44 pm UTC| Technicals
USD/JPY sees tiny dip on 6.9 Empire Mfg vs 7.78; Employ Index 18.56 v 10.11 Bids 121.15-00; 200-HMA 120.94; daily Tenkan 120.75; pivot point 120.61 US Treasury yields dip slightly; small data misses into FOMC getting...
USD/JPY is in Consolidation phase, waiting for new confirmation signals
Mar 16, 2015 13:19 pm UTC| Technicals
RES 4: 128.33- 161.8% projection of 115.55 to 121.80 from 118.22. RES 3: 125.66 - 161.8% retracement of 121.80 and 115.55 RES 2: 124.13 - Jun 2007 High RES 1: 122.20 - Jan 2007 high PRICE: 121.42 @ 13:06...
USD/MXN slips to days low by 15.4550 on profit taking
Mar 16, 2015 13:08 pm UTC| Technicals
Source: Thomson Reuters USD/MXN slips to days low by 15.4550, pace of USD gains may hinder recovery Mexicos stability council - decline in oil, US rate hikes risks for Mex economy Position lightening pre-Fed tipped,...
USD/BRL remins elevated on continued inflation & growth worries in Brazil
Mar 16, 2015 12:48 pm UTC| Technicals
Source: Thomson Reuters USD/BRL edges off Fridays high, by 3.28, remains elevated +14% month-to-date Brazil CB poll sees inflation/growth troublesome more hikes likely in 15 Economy account misses forecast, Govt not...
EUR/USD breaks major support 1.04929,eyes 1.0400
Mar 16, 2015 11:43 am UTC| Technicals
RES 4: 1.0780 (200 day HMA) RES 3: 1.0680 RES 2: 1.0610 (Ichimoku cloud top) RES 1: 1.0560 (55 day EMA) PRICE: 1.05285 @ 11:39 GMT SUP 1: 1.0504 (2003 lows) SUP 2: 1.0460 (Mar 13th low) SUP 3: 1.0400 SUP 4:...