GBP/USD close above fibo denoted further gains

Feb 26, 2015 06:33 am UTC| Technicals

Break and close of solid resistance for cable at 1.5481 Monday signals further gains 1.5481 = 23.6% retrace of the 1.7192 to 1.4952 July to January fall Positive potential seen to the next fibo of the same...

USD/SGD firms by weak manufacturing output

Feb 26, 2015 05:51 am UTC| Technicals

USD/SGD remains firm into European dealings Lower than expected manufacturing output further weigh on SGD sentiment Jan mfg output +0.9%y/y vs exp 3.7% prev; -4.7%m/m vs -2.4% last USD/SGD last ind at ...

AUD/NZD weighed by data, gains evaporate

Feb 26, 2015 05:33 am UTC| Technicals

Contrasting data weighed in Asia Opened -0.2% -0.54% in Asia - swaps RBA March cut moved from 39% to 52% Neutral momentum studies, 5, 10 20 dmas clash - implies consolidation This weeks initial ...

NZD/USD moving higher versus Australian dollar

Feb 26, 2015 05:06 am UTC| Technicals

Cross gains may boost otherwise dull direct NZD trading 0.7549/0.7577 trading corridor has NZD consolidating near 1+month highs Oz capex hit AUD/NZD while retail Japan NZD/JPY bids still remain RBA OCR...

AUD/USD regaining lost ground

Feb 26, 2015 04:05 am UTC| Technicals

AUD/USD reclaiming earlier losses following the soft CAPEX data Soft CAPEX brings March rate cut into view Odds of a March rate cut went from 39% just prior to data to 52% last AUD/USD doubtful to recover...

USD/MYR wiped out lower into fix

Feb 26, 2015 04:03 am UTC| Technicals

USD/MYR lost ground into the morning fix, markets go long Thin liquidity overstated price falls, last 3.5960-80 Pair traded 3.5950-3.6080 range so far NDFs keeps firm bias above 3.60, last...

USD/CNH range dominate in Asia

Feb 26, 2015 04:02 am UTC| Technicals

Doji in Asia after an early 6.2738 failure - opened +75pts 5 dma momentum studies slide, 10 20 dmas rise - neutral setup Yesterdays low, 50% Fibo 20 dma around 6.2620 support Initial resistance are...