Gold breaks support at 1069, eyes 1058 levels - short around 1068 with targets 1061/1058, SL 1074
Dec 29, 2015 18:40 pm UTC| Technicals
The yellow metal initially inched higher in the early European session, but rebound in the dollar limited the upside for the metal, after the release of positive US goods trade balance data from the US market. Gold is...
FxWirePro: USD/CAD heads southwards as crude oil prices rebound, but outlook still bullish
Dec 29, 2015 17:49 pm UTC| Technicals
Canadian dollar firmed against US dollar on Tuesday, after Canadian dollar gathered some momentum after crude oil price rebounded. The outlooks for crude remains bearish as the demand are slowing and there is over supply...
FxWirePro: EURUSD consolidating around 1.0940, bias is bearish
Dec 29, 2015 15:24 pm UTC| Technicals
EUR /USD declined sharply in the early US session, after US Goods Trade Balance printed better than expected figures at -60.50 billion. Immediately after the data release the pair declined almost 70pips. At the...
FxWirePro: GBP/USD key resistance at 1.4874, bearish in the short term
Dec 29, 2015 14:44 pm UTC| Technicals
The GBP/USD has slipped lower sharply, shedding more than 100pips after dollar rose across the board after major markets opened for the first time since Christmas break. The ongoing weakness is set to continue for...

Dec 29, 2015 11:33 am UTC| Technicals
Major resistance - 1.5250 Cable is trading between 1.4945 and 1.4805 for the Past two weeks. Short term trend is still weak as long as resistance 1.5250 holds. The pair has made a low of 1.4805 (22nd Dec 2015)...

GBP/USD: Sell on rallies in Q1 2016
Dec 29, 2015 10:50 am UTC| Technicals
Major resistance - 1.5250 Cable is trading between 1.4945 and 1.4805 for the Past two weeks. Short term trend is still weak as long as resistance 1.5250 holds. The pair has made a low of 1.4805 (22nd Dec 2015)...

US Dollar Index: Buy at dips in Q1 2016
Dec 29, 2015 09:40 am UTC| Technicals
Major resistance - 100.50 (Nov 30th high) US Dollar index has made temporary top around 100.51 and declined from that level. Overall trend is slightly bullish as long as support 94.80 holds. On the lower side...