FxWirePro: Gold rallies towards 1255 on weak dollar after Fed remains cautious over rates
Apr 07, 2016 17:16 pm UTC| Technicals
Gold has inched higher on Thursday as demand for yellow metal was boosted after yesterdays dovish Fed statement. The yellow metal jumped 2 percent on the day as the dollar remained under pressure as uncertainty around...
FxWirePro: GBP/USD gains some upside momentum but still strongly bearish
Apr 07, 2016 15:07 pm UTC| Technicals
The British pound has recovered some ground against dollar after sharply declining in the European session to hit low at 1.4050. Soft US jobless claims gave the pair a boost during the early American session as continuing...
FxWirePro: AUD/USD hits 1-week low, bias back to downside
Apr 07, 2016 14:29 pm UTC| Technicals
AUD/USD declined sharply on Thursday as Australian dollar was weighed down by decline in commodities prices and the increasing concerns over a global economic slowdown. With a no economic data release scheduled in the...
FxWirePro: USD/JPY heads deeper into bear territory, more downside expected
Apr 07, 2016 13:38 pm UTC| Technicals
The USD/JPY pair declined to hit low at 112.36 levels during mid-European session, however the pair pulled back some losses after the release of jobless claims data from US market. The pair hit fresh 17 -month low on...

Apr 07, 2016 13:02 pm UTC| Technicals
Bears in GBPUSD dont seem to be complacent as this is evident if you observe that the sterling against dollar has been collapsed almost about 11.67% in last 10 months, observing at the current GBP environment we could...

FxWirePro: BTC/USD consolidates in narrow range, good to sell on rallies
Apr 07, 2016 12:16 pm UTC| Technicals
Major resistance - $428 (trend line joining $502.48 and $465) BTC/USD has slightly recovered till $422 after making a low of $407.It is currently trading around $420.90. Short term trend is slightly weak as long...

Apr 07, 2016 11:38 am UTC| Technicals
Trade-weighted Sterling Sinks to 2-year Low. Gains against the U.K. currency helped the dollar hold above recent lows. 3M ATM IVs of GBPUSD and EURGBP spiking above 16% and 14% respectively. Brexit concerns sent...