FxWirePro: EUR/JPY struggles to extend gains above 126 handle
Mar 16, 2016 06:13 am UTC| Technicals
EUR/JPY is seeing a small recovery after 2 consecutive sessions of losses, but upside in the pair capped at 126 handle. The pair is struggling to extend gains beyond the 126 handle and has currently slipped from...

GBP/USD faces strong support at 1.4100, break below targets 1.4000/1.3915
Mar 16, 2016 05:54 am UTC| Technicals
Major support 1.4100 Minor resistance 1.4160 Major resistance -1.4210 GBP/USD has slightly recovered after making a low of 1.4123 at the time of writing. It is currently trading around...

Mar 16, 2016 05:52 am UTC| Technicals
AUD/USD hasnt been managed to break resistance at 0.7590 (see yellow circled areas), as a result weve been seeing losing streak from last two days, but for today holding firmly at 7440 levels. The current prices have...
FxWirePro: AUD/USD holding above 4-hourly cloud, weakness only on breaks below
Mar 16, 2016 05:38 am UTC| Technicals
A weaker yuan fix by the PBoC and falling commodity prices are keeping pressure on the AUD. The pair saw lows of 0.7439 and had edged higher to currently trade at 0.7460 levels. Our previous call...

Chinese Yuan falls after the comments from Premier Li Keqiang
Mar 16, 2016 04:41 am UTC| Technicals
USD/CNY is currently trading around 6.5180. It made intraday high at 6.5183 and low at 6.5128 levels. Intraday bias remains bullish for the moment. China Premier Li Keqiang said on Wednesday that Chinas 2016...

FxWirePro: NZD/JPY holds minor support at 74.43, upside could test 75.45
Mar 16, 2016 04:28 am UTC| Technicals
Renewed weakness in NZ dairy prices overnight (GDT-TWI down 2.9%) kept the Kiwi weak. NZD/JPY tested lows of 74.43. Our previous call...

Gold refrains to fall below 2-week low, FOMC in focus
Mar 16, 2016 04:00 am UTC| Technicals
XAU/USD is currently trading around $1232 levels. It made intraday high at $1234 and low at $1229 levels. Intraday bias remains bullish for the moment. A sustained break below $1226 will turn the bias...