GBP/USD supported by upbeat UK trade data
Mar 12, 2015 09:52 am UTC| Technicals
Cable rises towards 1.50 after better than expected UK trade data UK trade deficit GBP 616mn in Jan from GBP 2.14bn in Dec Jan goods trade deficit GBP 8.41bn vs GBP 9.7bn forecast Stops below 1.50 tripped...
AUD/USD offers of 0.77 mooted, just beyond 38.2% fibo
Mar 12, 2015 09:37 am UTC| Technicals
Shorts squeezed during AUD/USD rise from 0.7573 to 0.7684 0.7573 = Asia low (after 0.7637 Asia high) Offers pushed at 0.77. Large 0.77 optionexpiry today 0.7696 = 38.2% of 0.7914 (Feb 26 high) to...
EUR/USD offer filled on corrective rally
Mar 12, 2015 09:29 am UTC| Technicals
Pairs offer filled at 1.0625 Target the Jan 2003 low at 1.0335 - parity beyond that Long-term fibo (76.4% of 0.8228 - 1.6040) at 1.0072 is a possible objective New lows in Asia at 1.0494 but early...
NZD/USD shorts tightened after RBNZ on hold
Mar 12, 2015 09:17 am UTC| Technicals
0.7408 = six-day high for NZD/USD after more shorts covered Short-covering encouraged by neutral tone from RBNZ NZD/USD retreated to 0.7191 into 2000GMTRBNZ statement 0.7191 was Wednesdays 5week low...
EUR/USD recovery seems capped given QE impact
Mar 12, 2015 09:16 am UTC| Technicals
ECB buys EUR 9.8 billion of assets during first 3 days of QE plan EUR/USD 1.0906-1.0494 in that period EUR 50.2 bln still to buy in March Massive headwinds for EUR even with speculators so short 10...
Mar 12, 2015 09:12 am UTC| Technicals
The long black candlestick line on Tues weighs heavily Scope is for losses to new 2015 lows sub 127.64 Traders short at 128.50 for objective of 126.30 in coming session Tenkan kijun lines aligned ...
Mar 12, 2015 08:59 am UTC| Technicals
Cablerisks doubtful offers at 1.5025 after USDlongs lightened 1.5025 = Mondays low. 1.4893 = Wednesdays 20month low EUR/USD gains exceed cable gains, as seen bycross rise to 0.7092 0.7092 = 1.41 in...