EUR/GBP slide continues, major levels below
Feb 24, 2015 08:50 am UTC| Technicals
The 10 and 30-dmas are aligned negatively, reinforcing the bearish bias Market hits new multi-year lows Focus is on the 0.7256 level - 61.8% of the 0.5681-0.9805 2000 to 2008 up-leg Traders stay short at...
Feb 24, 2015 08:36 am UTC| Technicals
Contradicting BoE vs ECBmonetary policy outlooks help weigh on EUR/GBP Risk of BoE rate hikein full swing 2008 low of 0.73205 risked, 0.7307 0.7299 supports below 0.7307 = 76.4% fibo of 0.6536 (2007...
EUR/USD may see an end to a long period of consolidation
Feb 24, 2015 08:30 am UTC| Technicals
ECBs Draghi speaks at 14GMT but key event is Feds Yellen 15GMT testimony Attention on whether Fed chair leaves door ajar for mid-year rate hike Eurogroup likely to respond to proposed Greek reforms later...
EUR/JPY looks to fade recovery
Feb 24, 2015 08:27 am UTC| Technicals
Long tail on Fridays candlestick line is a drawback for bears Spot unsuccessful in performing a daily close sub 134.20 134.20 - 38.2% of the 130.16 to 136.70 up-leg Market needs a daily close sub...
Feb 24, 2015 08:25 am UTC| Technicals
Pair continues trading above the Ichimoku cloud indicative of upside potential Daily close above tenkan line required at 119.29 Tenkan kijun lines stay positively aligned, also a bullish sign Solid...
USD/MYR floats by fresh oil slide, higher USD/JPY
Feb 24, 2015 08:22 am UTC| Technicals
USD/MYR picks up uptrend, good bids checked selling at 3.6240 Pair last back to 3.6350 bid, matches opening high this morning Extended fall in oil prices, fresh rally in USD/JPY strengthens Nymex light...
USD/JPY remains at 119 now, Nikkei to fresh 15-year high
Feb 24, 2015 06:18 am UTC| Technicals
USD/JPY sustains above 119.00, 119.17 high so far. Nikkei supports, closes 18,603.48, +136.56 pts/0.74%, high of session. Highest since April 25, 00 when it saw a high of 18,630.30. Resistance at 19.000...